Apr 13, 2016

Yen bruises Hong Kong retailers that sell Japanese products

Times are tough for Hong Kong retailers. And even worse for those with links to Japan. Shares of CEC International Holdings Ltd. which runs the 759 chain of stores, have tumbled 32 percent this year, compared with a 0.5 percent retreat in the MSCI ...

Abe rules out intervention to weaken resurgent yen

Apr 6, 2016

Abe rules out intervention to weaken resurgent yen

Prime Minister Shinzo Abe has ruled out intervening in currency markets to halt a surge in the yen, even though it sat near a 1½-year high against the dollar Wednesday. Huge volatility on equity markets driven by worries about the slowdown in global growth ...

Feb 11, 2016

Dollar tumbles below ¥111 in London

The dollar accelerated its downswing to briefly slip below ¥111 for the first time in about 15 months in London trading Thursday morning. The greenback fell to as low as ¥110.99 at one point, according to market sources. At 9 a.m., the dollar stood ...

Jul 2, 2015

BOJ must achieve 2% inflation target, new board member Funo says

The Bank of Japan’s newest board member Yukitoshi Funo said the central bank must achieve its price target, indicating his support for Gov. Haruhiko Kuroda. “The 2 percent inflation target must be met” Funo, a former executive of Toyota Motor Corp., said in his ...