Weaker yen helps, hurts travel industry

May 29, 2013

Weaker yen helps, hurts travel industry

The weak yen has impacted the nation’s travel industry both positively and negatively, with the number of foreign travelers to Japan rising but the number of Japanese traveling abroad falling. Foreign visitors to Japan in January-April jumped 18.0 percent from a year earlier to ...

May 29, 2013

BOJ has room for more stimulus, top Abe adviser says

Koichi Hamada, a retired Yale University professor advising Prime Minister Shinzo Abe, says the Bank of Japan can add to already unprecedented stimulus if necessary to drive an economic revival. BOJ Gov. Haruhiko Kuroda “should continue to trust in his judgment and ease further” ...

May 21, 2013

Yen climbs after Amari warning

The yen climbed versus a majority of its 16 major peers after economy minister Akira Amari said further losses in the currency would negatively affect the people, and the government’s job is to minimize that. The yen retreated from near its weakest point in ...

Falling yen prompts Abe reassurances

Apr 10, 2013

Falling yen prompts Abe reassurances

Prime Minister Shinzo Abe pledged Tuesday to take necessary measures to avoid adverse effects of the yen’s depreciation on the economy, indicating some domestic policymakers have become cautious about the sharp moves in the currency’s rate. “We’ll monitor the impact on companies and households ...