Jun 21, 2016

Aso worried by yen's moves but rules out early intervention

Finance Minister Taro Aso said Tuesday the government will not rush to weaken the yen, although sharp swings in the currency markets are “undesirable.” “Regarding currency intervention, we will not do it so easily,” Aso told a news conference. He added, any action the ...

Jun 17, 2016

Yen may climb as Japan faces another lost decade: Moody's

Japan is headed for another lost decade as the economy faces prolonged stagnation and the yen will probably strengthen more as deflation continues, Moody’s Analytics said. The yen surged to its strongest level in almost two years against the dollar Thursday, touching 103.55, after ...

Jun 17, 2016

Japan household assets mark first drop in nearly six years

Assets held by Japanese households dropped 0.6 percent at the end of March from a year earlier to ¥1.7 quadrillion, taking a hit from a strong yen and subsequent sharp falls in stock prices, Bank of Japan data showed Friday. The figure, which fell ...

| Jun 15, 2016

Tokyo stocks rebound on buybacks

Stocks turned higher on the Tokyo Stock Exchange Wednesday, buoyed by buybacks after their recent fall. The 225-issue Nikkei average gained 60.58 points, or 0.38 percent, to close at 15,919.58. On Tuesday, the key market gauge lost 160.18 points. The Topix index of all ...

| Jun 13, 2016

Dollar around ¥106 in late Tokyo trading

The dollar lost ground to trade around ¥106 in Tokyo trading late Monday, as the yen attracted safe-haven demand amid growing worries over Britain’s possible exit from the European Union. At 5 p.m., the dollar stood at ¥106.10-10, down from ¥106.85-86 at the same ...