World's biggest FX trader calls Trump currency talk hogwash

Feb 10, 2017

World's biggest FX trader calls Trump currency talk hogwash

Hogwash. Hot air. That’s what Willem Buiter, chief economist at Citigroup Inc., makes of the Trump administration’s comments on exchange rates. The world’s largest foreign-exchange trading firm sees the dollar rising this year even as the president talks the greenback down and blasts some ...

Jan 20, 2017

Aso says no need to fret about every currency move

Finance Minister Taro Aso said Friday there is no need to fret about every currency move but volatility is undesirable. “We do not need to be swayed by every rise and fall,” Aso told a news conference after a Cabinet meeting while financial markets ...

Aug 12, 2016

First-quarter profit fell by 16% for major Japan firms

Major nonfinancial companies saw year-on-year profits fall by 15.9 percent in the first quarter, thanks largely to the pricey yen, data show. Combined sales shrank 5.9 percent, according to the tally for April to June. The figures cover the 1,219 firms listed on the ...

Steel king NSSMC cedes crown to Arcelor as yen soars

Aug 5, 2016

Steel king NSSMC cedes crown to Arcelor as yen soars

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Japan’s biggest steel maker is top of the pile no more, as a resurgent yen hands a competitive advantage to overseas rivals amid an unprecedented global glut. Nippon Steel & Sumitomo Metal Corp. has been overtaken as the world’s most valuable producer by Europe’s ...