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July 27, 2024
 

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CURRENCIES

Some investors are warning that a yen rally is fragile, as was on show this week when the yen rapidly retraced an advance after Thursday’s stronger-than-expected U.S. economic growth figures.
BUSINESS / Markets
Jul 27, 2024
‘Crazy’ yen rally is at risk of shattering as soon as Wednesday
Swaps markets suggest a roughly 45% chance of the Bank of Japan hiking rates by 15 basis points at the conclusion of its July 31 policy meeting.
Japanese stocks are down 10% from their July peak as the yen strengthens.
BUSINESS / Markets
Jul 26, 2024
Yen melt-up nudges Japanese stocks into correction territory
Japan’s benchmark index is now down 10% from its July peak, meeting the textbook definition of a market correction.
Some economists say a sticky weak yen trend would have a negative impact on Japan's real wage growth.
BUSINESS / Economy
Jul 24, 2024
Yen rally could help end crushing wage decay in Japan
The Japan Research Institute anticipates real wage growth turning positive in the July-September quarter assuming ¥155 to the dollar.
Unfortunately, the Bank of Japan kept monetary policy too tight after the 1985 Plaza Accord, leaving Japan mired in deflation and recession for two decades. 
COMMENTARY / World
Jul 21, 2024
Does the world need a Plaza Accord 2.0?
Unfortunately, the Bank of Japan kept monetary policy too tight after 1985 Plaza Accord and Japan was mired in deflation and recession for two decades.
China's official app for digital yuan is seen on a mobile phone next to 100-yuan banknotes
BUSINESS / Tech / FOCUS
Jul 20, 2024
Trump’s disdain for digital dollar risks ‘Cold War era’ in money
His vow to never allow the dollar to be digitized may turn money into a new front in Trump's trade war with China.
The Bank of Japan headquarters in Tokyo. Many analysts say the central bank would want to avoid rushing policy moves as policymakers probably don’t want to be seen as being forced to act to boost the currency.
BUSINESS / Markets
Jul 12, 2024
Yen jump eases pressure on BOJ to tighten its policy, analysts say
If the Bank of Japan raised interest rates and announced fewer bond purchases, it could risk being seen as only driven by the volatile yen.
People attend a seminar, hosted by Daiwa Securities, on the new NISA tax-free investment program last November. Retail investors in Japan have been favoring international investments as they deploy funds held in their fast-growing NISA accounts.
BUSINESS / Markets
Jul 11, 2024
Yen takes hit as ¥1 trillion flows abroad monthly after NISA tweak
Many taking advantage of changes to the rules for Japan's tax-free savings accounts have been shifting their savings to international investments.
A man holds new 10,000 yen bills at a Saitama Resona Bank branch in Saitama Prefecture on Wednesday.
JAPAN
Jul 4, 2024
People flock to get new banknotes in areas linked to new bills
The ¥10,000, ¥5,000 and ¥1,000 notes have been redesigned for the first time in 20 years.
Japan’s redesigned yen banknotes are shown at the Bank of Japan headquarters in Tokyo on Wednesday, the day the new ¥10,000, ¥5,000 and ¥1,000 bills went into circulation. 
COMMENTARY / Japan
Jul 3, 2024
The new yen notes have an important story to tell
The inspiring stories of the three trailblazers whose portraits are featured on the new yen banknotes say a lot about the past, present and future of Japan.
Bank of Japan Gov. Kazuo Ueda and Prime Minister Fumio Kishida show off the new banknotes in Tokyo on Wednesday.
JAPAN / Society
Jul 3, 2024
Japan releases new banknotes for first time in 20 years
The Bank of Japan plans to introduce a total of ¥1.6 trillion ($9.9 billion) worth of the new banknotes into circulation on Wednesday alone.
Bank of Japan Gov. Kazuo Ueda (back center) watches as workers prepare to ship the first bundles of newly designed ¥10,000 bills at the central bank's headquarters in Tokyo on Wednesday.
JAPAN / Crime & Legal
Jul 3, 2024
Tokyo police warn of fraud linked to new banknotes
Since March, four individuals in their 80s and 90s have been swindled out of a combined total of approximately ¥15 million, according to police reports.
The yen’s depreciation is largely down to the gap in interest rates between the U.S. and Japan. Therefore, U.S. Federal Reserve Chair Jerome Powell is, to all intents and purposes, “Mr. Yen.”
COMMENTARY / Japan
Jul 1, 2024
There’s a new 'Mr. Yen' in town
No matter what the Bank of Japan or the Finance Ministry do, ultimate control over the yen's value lies in the hands of U.S. Federal Reserve Chair Jerome Powell.
Samples of newly designed yen banknotes at the National Printing Bureau's Tokyo plant on June 19
BUSINESS / EXPLAINER
Jul 1, 2024
What you need to know about Japan's new banknotes
The last time the country redesigned its banknotes was 20 years ago.
A monitor at a foreign exchange brokerage in Tokyo shows the yen falling below ¥161 against the dollar on Friday morning.
BUSINESS / Markets
Jun 28, 2024
Japan names new forex diplomat as yen hits 38-year low
Atsushi Mimura, a financial regulation veteran, replaces Masato Kanda, who launched the biggest yen-buying intervention on record this year.
Goods related to Eiichi Shibusawa are sold at the Michi no Eki Okabe roadside rest station in Fukaya, Saitama Prefecture.
JAPAN
Jun 25, 2024
Sites linked to faces on new banknotes excited before release
The new ¥10,000, ¥5,000 and ¥1,000 notes will enter into circulation July 3 in what will be the country's first banknote redesigning in 20 years.
The U.S. Treasury Department said in a report released Thursday that it has placed Japan, which runs a large trade surplus with the United States, back on its monitoring list over currency practices.
BUSINESS / Markets
Jun 21, 2024
U.S. adds Japan to currency watchlist amid struggles with weak yen
Japan spent a record ¥9.8 trillion ($62 billion) earlier this year to prop up the yen.
The US economic engine has pulled in an increasing share of global capital.
BUSINESS / Markets
Jun 17, 2024
How the U.S. mopped up a third of global capital flows since COVID-19
The U.S. also pulled in a fresh wave of foreign direct investment thanks to billions of dollars worth of incentives.
A customer buys a ticket for ramen at a vending machine at Goumen Maruko ramen shop in Tokyo.
JAPAN / Society
Jun 8, 2024
Japan runs on vending machines. It’s about to break millions of them.
New yen notes set to be introduced this summer won't be compatible with many machines that businesses like ramen shops rely on.
Despite the Sino-American trade war, China's export competitiveness has strengthened, with its share of global exports increasing in 2023 and its trade surplus reaching $823 billion.
COMMENTARY / World
Jun 5, 2024
Why the U.S. can’t win the trade war with China — and shouldn’t try
There is no evidence that China is actively targeting the exchange rate, and even the U.S. does not label China as a currency manipulator.
Bank of Japan Gov. Kazuo Ueda (center), Bank of Italy Gov. Fabio Panetta (left) and Italy's Minister of Economy and Finance Giancarlo Giorgetti at the Group of Seven finance chiefs and central bankers' meeting in Stresa on Friday.
BUSINESS / Economy
May 26, 2024
Bank of Japan refrains from warning against yield rise to 12-year high
The BOJ ended eight years of negative interest rates and other remnants of its radical monetary stimulus in March.
Japan's population continues to fall even as foreign resident count rises
The number of residents in Tokyo as of Jan. 1 rose by 0.03% from a year before, data shows, marking a year-on-year increase for the first time in three years, while the country's other 46 prefectures saw their populations continue to decline.
Japan’s minimum wage set for record ¥50 hike in major boost
Demonstrators rally to demand a big hike in minimum wages in Tokyo last week.
One dead, three missing as heavy rain batters Tohoku
Camera footage shows the Mogami River bursting its banks in Tozawa, Yamagata Prefecture, on Friday morning.
Yen melt-up nudges Japanese stocks into correction territory
Japanese stocks are down 10% from their July peak as the yen strengthens.
Yen rally could help end crushing wage decay in Japan
Some economists say a sticky weak yen trend would have a negative impact on Japan's real wage growth.
Japan’s minimum wage set for record ¥50 hike in major boost
Demonstrators rally to demand a big hike in minimum wages in Tokyo last week.
Japan loses top spot on strongest passport list to Singapore
Japan had the strongest passport for six years running from 2018, before being dethroned by Singapore on the 2024 list.
Why Japan's mysterious stash of classified funds escapes scrutiny
Prime Minister Fumio Kishida and Chief Cabinet Secretary Yoshimasa Hayashi (right) during a meeting in Tokyo on Tuesday.
Terunofuji, as he tends to do, returns to stamp his authority on sumo pretenders
Terunofuji (left) throws down Kirishima on Tuesday to build on his perfect record at the Nagoya Grand Sumo Tournament.
Japanese startups advised to internationalize to get some global mojo
Entrepreneurs who participated in the Beyond Japan Zero to X program last year share their experiences in the United States during a meeting in May in Tokyo.

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