May 22, 2013

Zoellick warns of Japan 'sugar high'

Former World Bank President Robert Zoellick said Monday Japan’s economic drive needed accompanying structural reforms, voicing fear that recent growth could be just a “sugar high.” Japan posted 0.9 percent quarter-to-quarter growth in the three months through March, during which time Prime Minister Shinzo ...

May 21, 2013

Yen climbs after Amari warning

The yen climbed versus a majority of its 16 major peers after economy minister Akira Amari said further losses in the currency would negatively affect the people, and the government’s job is to minimize that. The yen retreated from near its weakest point in ...

May 11, 2013

Amari denies any currency manipulation as exports soar

Economic revitalization minister Akira Amari denied Friday that Japan is engaging in currency manipulation to boost exports after the dollar topped ¥100 for the first time in four years. Amari said signs of recovery in the U.S. economy were behind the dollar’s rise against ...

Apr 20, 2013

G-20 set to confirm devaluation restraint policy

Finance chiefs from the Group of 20 started a two-day meeting Thursday night in the U.S. with Japan expected to make an effort to play down concerns about its bold quantitative easing measures, which are weakening the yen and threatening to harm other economies. ...

Falling yen prompts Abe reassurances

Apr 10, 2013

Falling yen prompts Abe reassurances

Prime Minister Shinzo Abe pledged Tuesday to take necessary measures to avoid adverse effects of the yen’s depreciation on the economy, indicating some domestic policymakers have become cautious about the sharp moves in the currency’s rate. “We’ll monitor the impact on companies and households ...