Masato Imai

For Masato Imai's latest contributions to The Japan Times, see below:

Business Jul 31, 2002

U.S. plunge nearing an end?

Triggered by repeated corporate accounting scandals, the plunge in the U.S. stock market and the steep decline of the dollar have continued over the past two to three months. But this trend appears to be nearing an end. U.S. stocks have fallen nearly 30 percent ...

Business | ON THE FRONT LINE Jul 3, 2002

Dollar declining, intervention efforts or no

I have long warned against Japan's political leadership shortcomings, expressed doubt about a real economic recovery and predicted the yen will be weak this year. But recent woes have come not from within but from the U.S. Recent scandals, including the Enron debacle and the WorldCom ...

Business | ON THE FRONT LINE Jun 5, 2002

BOJ resolve to keep yen weak faces test

The currency market remains caught in the crosscurrents of a growing wave of dollar selling -- or speculation about it -- and fears of central bank intervention. The Bank of Japan intervened in the currency market for the first time in nearly six months last ...

Business | ON THE FRONT LINE May 3, 2002

Factors weigh on dollar but big fall unlikely

The dollar has come under fresh downward pressure against all other major currencies. With much of the recent value increase running out of steam, the dollar fell below 130 yen early last week and is now hovering around 127 yen. The dollar's weak showing mirrors eroding ...

Business | ON THE FRONT LINE Apr 4, 2002

Political uncertainty may drive down yen

Political turbulence could weigh on the yen's value in the months ahead. The financial sector was stunned by news that the incumbent mayor of Yokohama, supported by the ruling coalition as well as opposition parties, was beaten by an independent reform-minded challenger in Sunday's election. Apparently ...

Business | ON THE FRONT LINE Mar 2, 2002

Dollar may test 140 yen level by end of year

The dollar could snap out of its current range between 132 yen and 135 yen in mid-March and test the 140 yen line toward the close of fiscal 2001. A seasonal pickup in dollar receipts by Japanese banks and institutional investors from their overseas operations ...

Business | ON THE FRONT LINE Jan 30, 2002

Yen returns to normal level?

Government officials' commitment to a weak yen policy has played a key role in daily currency market activity in recent months. The yen, caught in a relatively narrow range around 120 to the dollar a couple of months ago, has been under downward pressure recently, ...

Business Dec 22, 2001

Governments wait to see how far yen will fall

Although the yen remains under downward pressure, Washington, Beijing and other countries across Asia have adopted a wait-and-see policy. In the apparent expectation that Washington will remain committed to a strong dollar policy to help ease Japan's economic predicament, Japanese government officials are openly signaling ...

Business | ON THE FRONT LINE Nov 21, 2001

Dollar poised to gain ground

The dollar has snapped out of a holding pattern and now appears poised to gain ground against other currencies. The terrorist attacks in the U.S. created a serious backwash across the world, prompting a switch back into the dollar amid fears of a global slump. Following ...

Business | ON THE FRONT LINE Oct 25, 2001

Dollar could test higher ground in future

The dollar has snapped out of its holding pattern and now appears poised to gain further ground against the yen in the months ahead. There is talk that Japanese banks have turned selective in issuing letters of credit in the wake of last month's terrorist ...