Shinji Imanishi

For Shinji Imanishi's latest contributions to The Japan Times, see below:

Business | ON THE FRONT LINE Jul 17, 2002

Dollar southbound as U.S. bubble bursts

The dollar will remain under strong selling pressure, as if in line with bearish U.S. stocks. Although macroeconomic indicators are still firm, the market tends to trade on stock prices. The U.S.-selling is prevailing mainly because investors' confidence in the stock exchange has fallen dramatically ...

Business | ON THE FRONT LINE Jun 19, 2002

G7's rose-tinted glasses not worn by all

The world's financial markets have reacted calmly to the optimistic picture of the global economy painted by financial leaders from the Group of Seven industrialized nations. At their meeting in Halifax, Nova Scotia, late last week, the G7 finance ministers and central bank governors said ...

Business | ON THE FRONT LINE May 22, 2002

Watch for consequences of yen's surge

The yen has suddenly begun surging on the world currency market, hitting a five-month high of just over 125 to the dollar. Apparently behind the yen's strong showing was Friday's upbeat economic report that the Japanese economy has bottomed out. Institutional investors vying for leadership in ...

Business | ON THE FRONT LINE Apr 18, 2002

Yen-dollar rate at impasse

The yen-dollar rate may stay locked in a relatively narrow range between 129 yen and 133 yen in the near term. The currency market has reacted calmly to news that Standard & Poor's has lowered Japan's credit rating. This weekend's meeting in Washington of the Group-of-Seven ...

Business | ON THE FRONT LINE Mar 20, 2002

Institutional investors turn to Japan stocks

The shift among investors toward Japanese stocks -- the primary catalyst for the yen's rise in recent weeks -- has helped drive the Nikkei average back above the key 11,000 level. The 225-issue Nikkei average closed Tuesday at 11,792.44, a striking increase from last month ...

Business Feb 15, 2002

G7 view of reform plans turns skeptical

Although the weakened yen did not come up for discussion at the latest meeting of finance leaders from the Group of Seven nations, Japan's planned economic measures met with skepticism. Finance Minister Masajuro Shiokawa pledged at the Ottawa meeting late last week that Japan will ...

Business | ON THE FRONT LINE Jan 19, 2002

Policy likely to see yen in 130-137 range

Government officials have begun toning down their remarks favoring a weak yen. But given the nation's bleak economic prospects, Tokyo undoubtedly remains committed to a weak yen, and the medium-range direction in its value remains unchanged -- downward. Overburdened by nonperforming loans, major Japanese banks are ...

Business | ON THE FRONT LINE Dec 6, 2001

Dollar-positive factors may push yen down

The failure of U.S. energy giant Enron Corp. has rattled corporate bond markets around the world, prompting the Bank of Japan to inject trillions of yen into the banking system to offset liquidity concerns. The collapse of Enron is feared to have cut deep into ...

Business Nov 2, 2001

Dollar, yen both beset by negative factors

The dollar remains sensitive to ups and downs in New York share prices. Caught in the crosscurrents of optimism about Washington's reflationary policy measures and worries about the fallout from the U.S.-led military action in Afghanistan and anthrax attacks in the United States, the dollar-yen ...

Business | ON THE FRONT LINE Oct 4, 2001

Currency markets test Tokyo's resolve

The Bank of Japan's interventions in the currency market have produced the desired effect on the dollar-yen rate. After hitting an intraday low of 115.80 yen on Sept. 20, the dollar has climbed past one key threshold after another and is now hovering above 120 ...