Sep 23, 2016

Fresh warning against excessive yen rises issued

Authorities are ready to act against excessive yen rises, the government’s top spokesman said Friday, issuing a fresh warning to markets against recent yen gains that could hurt the country’s export-reliant economy. The dollar fell to a nearly four-week low of ¥100.10 Thursday after ...

OECD cuts world growth outlook amid weak advanced economies

Sep 21, 2016

OECD cuts world growth outlook amid weak advanced economies

The Organisation for Economic Cooperation and Development on Wednesday cut its global economic outlook for 2016, as growth remains subdued in the United States, Europe and Japan amid sluggish trade activity. The OECD now expects the global economy to expand 2.9 percent this year, ...

Sep 21, 2016

Strong yen resulted in trade deficit in August

Japan posted a goods trade deficit of ¥18.71 billion in August for the first red ink in three months, with a firming yen pushing down the value of exports, government data showed Wednesday. The value of exports dropped 9.6 percent from a year earlier ...

| Sep 6, 2016

Dollar directionless around ¥103.50

The dollar moved around ¥103.50 in Tokyo trading on Tuesday, lacking a clear direction in the absence of major trading incentives after the U.S. market was closed Monday for a national holiday. At 5 p.m., the dollar stood at ¥103.35-35, almost unchanged from ¥103.36-36 ...