Feb 23, 2013

IMF says concerns on yen's fall 'overstated'

Recent concerns about competitive currency devaluations are “overstated,” according to the International Monetary Fund. The yen’s recent sharp fall has sparked concerns about competitive devaluations, the IMF said Thursday in a report on global prospects and policy challenges. “Taking a broader perspective, however, such ...

After slump, Komatsu CEO sees China demand rebounding

Feb 20, 2013

After slump, Komatsu CEO sees China demand rebounding

Construction equipment maker Komatsu Ltd., which has seen sales fall for seven consecutive quarters in China, expects demand there to recover this year, aided by stimulus spending. The world’s top producer of diggers and the second-biggest maker of bulldozers and dump trucks after Peoria, ...

Feb 20, 2013

No BOJ funds to buy foreign bonds: Aso

Finance Minister Taro Aso said Tuesday the government has no intention of buying foreign bonds through a fund with the Bank of Japan, comments that caused the yen to strengthen. “We don’t intend to buy foreign bonds,” Aso told reporters in Tokyo, when asked ...

G-20 help sought on 'manipulation'

Feb 13, 2013

G-20 help sought on 'manipulation'

German Finance Minister Wolfgang Schaeuble called on the Group of 20 to denounce the “manipulation” of currency rates, reflecting concerns that Japan is trying to push down the yen to gain a trading advantage. “Exchange rates shouldn’t be manipulated,” Schaeuble told reporters after a ...

Feb 13, 2013

Markets to keep close eye on G-20 currency discussions

Market players will closely monitor discussions on currencies at the upcoming meeting of finance ministries and central bank chiefs of the Group of 20 advanced and emerging economies, Masaaki Kanno, chief economist at JP Morgan Securities Japan Co., said in a recent interview. A ...

Feb 8, 2013

Yen's decline too fast, Aso says ahead of G-20 meet

The pace of the yen’s weakening has been too swift, Finance Minister Taro Aso said, speaking a week before a meeting of global finance chiefs at which Japan’s currency policy is expected to come under the microscope. Aso’s comments to reporters in Tokyo on ...

Feb 4, 2013

Yen fall likely to pose hurdle to restructuring

by Mie Sakamoto

The yen’s recent plunge may help the nation’s struggling electronics makers recover from massive losses, but it could also hamper their restructuring efforts in the long run. After reporting huge group net losses for the April to December period on Friday, senior officials of ...

Jan 28, 2013

Aso counters criticism of weak yen

Finance Minister Taro Aso countered Monday the rising voices of criticism from the international community over the weakening yen. “Petty complaints about the depreciation of the yen by ¥10 or ¥15 at the most is wrong and illogical,” Aso, also deputy prime minister, said ...