Jul 31, 2014

IMF's Japan report sees yen at fair value but warns on reforms

The International Monetary Fund said in a report released Thursday that the yen is currently at fair values against the other major currencies. The yen is assessed “as broadly consistent with medium-term fundamentals,” the Washington-based lender said in its annual assessment of the Japanese ...

May 2, 2014

Dollar firms around ¥102.50

The dollar was firmer around ¥102.50 in Tokyo trading Friday, supported by dollar purchases that set in as Tokyo stocks cut losses toward the close. At 5 p.m., the dollar was quoted at ¥102.47-48, up from ¥102.19-20 at the same time on Thursday. The ...

Apr 28, 2014

Dollar stuck slightly above ¥102

The dollar was stuck at levels slightly above ¥102 in Tokyo trading Monday for lack of market-moving factors ahead of Golden Week on Tuesday. At 5 p.m., the dollar was quoted at ¥102.20-22, against ¥102.27-28 at the same time on Friday. The euro stood ...

Apr 7, 2014

Dollar easier near ¥103 in Tokyo

The dollar fell to levels slightly above ¥103 in Tokyo Monday, as stock markets in and outside Japan skidded after the announcement of U.S. jobs data on Friday. At 5 p.m., the dollar was quoted at ¥103.11-12, down from ¥103.¥90-90 at the same time ...

Jan 30, 2014

Fukoku also warns of wilting yen

Prime Minister Shinzo Abe’s weakening of the yen through stimulus measures may be in danger of becoming too much of a good thing, according to Fukoku Capital Management Inc. “There’s the potential for a bad kind of yen depreciation if the Bank of Japan ...

Jan 30, 2014

Japan Inc. profit boom masks fading export gains from yen

Soaring profits among Japanese manufacturers are masking weakness in exports as the yen’s slide against the dollar fails to deliver the boost seen after previous bouts of currency depreciation. Export volumes fell 1.5 percent in 2013 from the previous year, Finance Ministry data show, ...