Yoichi Itoh

For Yoichi Itoh's latest contributions to The Japan Times, see below:

Business | ON THE FRONT LINE Sep 5, 2001

Weakening of dollar debated but unlikely

Debate is heating up in the United States over the pros and cons of the current foreign exchange policy being pursued by the U.S. While high-ranking government officials and Wall Street gurus openly advocate a strong-dollar policy, skepticism abounds among corporate executives, industry leaders and ...

Business | ON THE FRONT LINE Aug 8, 2001

Is Tokyo ready to call for devalued yen?

The pros and cons of a weak yen continue to be debated. With traditional monetary policy options limited and fears of a bond market rout preventing the government from spending its way out of the recession, the nation faces severe difficulties in getting its economy ...

Business Jun 13, 2001

EU spur for yen will be brief

The yen may face downward pressure for some time. While recent developments on the European political scene could potentially help shore up the currency, worries remain over the fragility of Japan's economy. There is speculation that the landslide victory of the pro-euro Labour Party in Britain's ...

Business Mar 15, 2001

Slips of politicians' tongues hurt economy

The dollar appears likely to continue hovering around 120 yen for some time. Recent remarks by Finance Minister Kiichi Miyazawa and Bank of Japan Gov. Masaru Hayami have been taken to indicate they are prepared to see the yen weaken further. In a speech in Tokyo, ...

Business Feb 15, 2001

U.S. fears cap dollar's surge

The Bank of Japan's latest discount rate cut was seen as a largely cosmetic measure. Its target for the unsecured overnight call rate has been left unchanged at 0.25 percent. It is noteworthy, however, that the BOJ has declared that it will introduce a "Lombard-type" lending ...

Business Jan 17, 2001

Even weaker yen seen ahead

Despite the slowdown in U.S. economic growth, all underlying economic factors other than the U.S. trade deficit still favor the dollar relative to the yen. There appears to be a good chance the dollar will gain further ground and hit 130 yen later this year. The ...

Business Dec 8, 2000

Yen may no longer be king of the mountain

The yen's days as the world's strongest currency may be drawing to a close. The once-high-flying yen has tended to move lower against the dollar as well as the long-beleaguered euro in recent weeks. It could long remain under downward pressure and hit 115 to the ...

Business Jul 13, 2000

Don't sell firms' future IT potential short

A key topic for discussion at last week's Group of Seven finance ministers' meeting was information technology, indicating that the leaders of industrial nations have recognized the important role IT plays in global economic growth and development. The G7 ministers wound up the meeting in ...

Business Jun 15, 2000

U.S., Asia factors could shoot yen to 100

Calm has returned to the world's financial markets. All around the globe, foreign exchange, stock and bond markets have all re- turned to a degree of stability, putting the months of volatile trading behind them. The global stock market boom that sent share prices galloping ahead ...

Business May 18, 2000

Europeans showing concern about ill euro

In an apparent departure from a policy of benign neglect, European monetary authorities have openly begun expressing concern about the ailing euro. They are starting to warn that the euro's weakness could erode its purchasing power, raise prices in the euro zone and cut into ...