Fumihiro Iinuma

For Fumihiro Iinuma's latest contributions to The Japan Times, see below:

Business | ON THE FRONT LINE Mar 7, 2002

Yen's rebound may be short-lived affair

The yen has regained some of its recent losses against the dollar, but the upturn could soon run out of steam. Having weakened to 135.02 to the dollar in overseas trading on Feb. 27, the yen soon rebounded and is now hovering around 132. The recent ...

Business Feb 1, 2002

Dollar poised to give back recent gains

U.S. Federal Reserve Chairman Alan Greenspan sounded a somewhat optimistic note on economic prospects last week. In his testimony before the Senate Budget Committee on Jan. 24, Greenspan said there are signs that the "forces restraining" the U.S. economy over the past year are "starting ...

Business | ON THE FRONT LINE Dec 27, 2001

Dollar could find itself in yen's situation

The yen could remain under downward pressure for some time amid concern over economic and corporate earnings prospects in Japan. There is speculation that the Japanese government is committed to a weak-yen policy and that the Bank of Japan is leaning in favor of buying ...

Business | ON THE FRONT LINE Nov 28, 2001

U.S. set to rebound, not Japan

Investors have taken heart from recent U.S. economic reports that show a 7.1 percent rise in retail sales in October, the strongest surge on record, and a continued fall in the number of weekly jobless claims. The University of Michigan's monthly survey found that consumer ...

Business | ON THE FRONT LINE Oct 26, 2001

Uncertainty clouds future

The world financial community is looking for clues as to what will ensue from the U.S.-led military campaign in Afghanistan. The U.S. airstrikes and ground action against terrorist targets in Afghanistan and the spate of anthrax attacks in the United States have cast a shadow ...

Business Sep 27, 2001

Will dollar fall from favor?

U.S. Federal Reserve Chairman Alan Greenspan sounded a somewhat optimistic note on the prospects for the U.S. economy last week. In his testimony before the Senate Banking Committee on Sept. 20, Greenspan said the Sept. 11 terrorist attacks had caused a significant dropoff but stressed ...

Business | ON THE FRONT LINE Aug 29, 2001

Fed set to slash interest rates once again

There appears a good chance the U.S. Federal Reserve will lower interest rates again at its Oct. 2 policy-setting committee meeting. The Federal Open Market Committee cut key short-term interest rates by a quarter of a percentage point last week in line with expectations. It was ...

Business | ON THE FRONT LINE Aug 1, 2001

Poll victory not enough to convince market

Despite the ruling Liberal Democratic Party's victory in Sunday's Upper House election, the yen remains under downward pressure. At the ballot box, voters gave Prime Minister Junichiro Koizumi a mandate to press forward with painful structural reforms. Although the moves of the LDP faction led by ...

Business Jun 6, 2001

Market turbulence will keep yen volatile

With the weak euro dragging down the dollar, the yen has gained strong upward momentum in recent weeks. The dollar fell below 118.50 yen briefly Friday, a level unseen since early March, and is now around 119 yen. The catalyst for the euro's fall was German ...

Business May 9, 2001

Yen's rise unlikely to continue unchecked

The yen has gained ground against the dollar in recent days, but the long-range direction of its value remains unchanged -- downward. Given the Bank of Japan's ultraeasy money policy, the yen's unchecked rise appears unlikely. Domestic investors are opting for foreign securities, spurning low-yielding Japanese ...