Yasuhiro Onakado

For Yasuhiro Onakado's latest contributions to The Japan Times, see below:

Business | ON THE FRONT LINE Jul 19, 2002

Major downshift phase seen for dollar

The dollar has weakened against major currencies, tumbling to the 115 range against the yen, while the euro has regained parity with the U.S. currency for the first time in two years and five months. At first glance, the dollar fall appears to have been ...

Business | ON THE FRONT LINE Jun 21, 2002

Natural yen fall against frail dollar unlikely

The dollar may remain under downward pressure against all other major currencies for some time. Although selling pressure has eased to some extent, lingering fears of further terrorist attacks on the U.S. and worries about Wall Street's poor performance make further volatility seem inevitable. The dollar ...

Business | ON THE FRONT LINE May 24, 2002

Yen under upward pressure

The yen has come under severe upward pressure, prompting Japanese monetary authorities to step in to keep it from rising further. The key factors behind the dollar decline have been worries about the growing U.S. current-account deficit, heightened Mideast tensions and fears of new terrorist ...

Business | ON THE FRONT LINE Apr 24, 2002

Fate of the dollar remains anybody's guess

The latest meeting of financial officials from the Group of Seven industrial nations went nowhere as far as exchange rates are concerned. Market players found little to celebrate in the outcome of the weekend's meeting in Washington. During talks with his Russian counterpart after the G7 ...

Business Mar 27, 2002

Warring factors may lock yen above 130

The yen has given up much of its recent gains and now sits just about where it did earlier in the year. Last month's government measures to fight deflation helped stabilize the falling Tokyo stock market. Stock prices have forged ahead strongly in recent weeks, dragging ...

Business | ON THE FRONT LINE Feb 21, 2002

Recovery to ease yen-selling

Caught between fears of a domestic crisis in March and expectations of government measures to fight deflation, the dollar-yen rate has remained stuck in a relatively narrow range between 131 yen and 135 yen in recent weeks. The strong economic fundamentals of the United States ...

Business | ON THE FRONT LINE Jan 18, 2002

Exhausted dollar consolidating its range

Market participants are now divided over the future of the yen-dollar rate, with some expecting the yen to continue its fall while others believe the opposite. As other analysts have already said, I also believe the dollar has entered a consolidation phase. Lingering concern over economic ...

Business | ON THE FRONT LINE Dec 12, 2001

Some see weak yen as last-ditch policy ploy

The dollar has risen steadily against the yen in recent weeks and now appears poised to test its April 2 high of 126.84 yen. Although some market participants remain fearful of China reiterating its strong opposition toward a weakening of the yen, as it did ...

Business | ON THE FRONT LINE Nov 8, 2001

Dollar-may-care attitude defies bad news

Despite many unnerving reports from all corners, the dollar is managing to hold its own. The U.S.-led military action in Afghanistan isn't making much progress, and the scare over anthrax is spreading through the United States. The market, however, is relieved that fears of a flight ...

Business | ON THE FRONT LINE Oct 11, 2001

Dollar's safe-haven status questioned

The dollar is often considered a safe haven in times of international unrest -- but not these days. The U.S.-led strikes against the Taliban regime in Afghanistan have stirred up a lot of skepticism about this rule of thumb. The dollar could be spurned on the ...