Tag - finance-ministry

 
 

FINANCE MINISTRY

Japan Times
BUSINESS
Oct 12, 2022
Yen weakens past level that triggered last intervention
The currency fell to u00a5146.23 per dollar, surpassing the u00a5145.90 level that prompted Japan's first intervention to buy the yen since 1998.
Japan Times
BUSINESS
Oct 7, 2022
Japan's foreign reserves see record drop from market shakeup and forex intervention
Yen-buying, dollar-selling intervention has been rare in Japan which has long counted on exports of cars and electronics as a key driver of economic growth.
Japan Times
BUSINESS / Markets
Sep 30, 2022
Japan spent ¥2.84 trillion in September intervention to prop up yen
Despite an initial gain of more than 3.5% in the yen against the dollar, the surprise move hasn't reversed the currency's weakening trend.
Japan Times
BUSINESS
Sep 26, 2022
Japan finance chief reaffirms readiness to respond to yen speculation
The remark came after the government's decision Thursday to intervene in the currency market to stem yen weakness, by selling dollars and buying yen for the first time since 1998.
Japan Times
BUSINESS / FOCUS
Sep 23, 2022
Japan's intervention unlikely to stem yen's slide
The dollar remains on course to return to the u00a5145 level and possibly rise to u00a5147.66, a level unseen in more than 32 years, market analysts say.
Japan Times
BUSINESS
Sep 14, 2022
Yen rallies on reports of a BOJ precursor to intervention
Japan's currency rose more than 1% to around the u00a5143 level against the dollar after falling to u00a5144.96 early in the Asian session.
Japan Times
BUSINESS / ANALYSIS
Sep 12, 2022
As yen plunges, Japan ponders how to stop it falling further
The Bank of Japan will play a key role in shaping the currency's trajectory, but the government's ability to directly intervene is limited.
Japan Times
BUSINESS / FOCUS
Sep 9, 2022
As yen looks set to weaken, intervention seen as a drop in bucket
Intervention in foreign exchange markets will do little to reverse the trend of a strong dollar, unless the Bank of Japan changes its dovish stance.
Japan Times
BUSINESS
Jul 15, 2022
Japan’s finance chief flags sudden yen slide at G20 meet
Finance Minister Shunichi Suzuki, speaking on the sidelines of a Group of 20 meeting in Indonesia, voiced his concern over the yen’s sudden drop on the back of some speculative moves.
Japan Times
BUSINESS / Markets
Jul 14, 2022
Yen falls to ¥139 against the dollar, marking fresh 24-year low
The yen has been weakening amid expectations of a widening interest rate gap between the United States and Japan. It last dropped to the u00a5138 mark against the dollar in September 1998.
Japan Times
JAPAN
Jul 12, 2022
Political heavyweight and former Finance Minister Hirohisa Fujii dies at 90
A native of Tokyo, the former opposition Democratic Party of Japan secretary-general was known as a strong advocate of raising consumption tax to support Japan's graying population.
Japan Times
BUSINESS
Jun 23, 2022
Yen strengthens after ex-forex czar’s intervention remark
'Unilateral intervention shouldn't be eliminated as a possibility,” said Takehiko Nakao, while flagging that the hurdle for gaining support from abroad was high.
Japan Times
BUSINESS / Markets
Jun 11, 2022
U.S. keeps Japan on currency monitoring list and warns against intervention
The U.S. Treasury Department said that Japanese foreign exchange intervention should only take place in 'very exceptional' cases amid the rapid weakening of the yen against the U.S. dollar.
Japan Times
BUSINESS
Jun 10, 2022
Japan closer to intervention on yen after government and central bank joint statement
'We have seen sharp yen declines and are concerned about recent currency market moves,' the Finance Ministry, BOJ and the Financial Services Agency said in a joint statement.
Japan Times
BUSINESS / Economy
Jun 9, 2022
BOJ’s rock-bottom rates are crucial for Kishida’s spending plans
The prime minister has signed off on changes to an annual fiscal policy plan that loosen rather than tighten the corset constraining the nation's spending plans.
Japan Times
BUSINESS / Economy
Jun 2, 2022
Japan's fiscal 2021 tax revenue to hit record high above ¥65 trillion
While corporate tax revenue for the year through March has so far increased 20% from a year earlier, income tax and consumption tax are also forecast to grow.
Japan Times
BUSINESS
Jun 1, 2022
Japan tweaks budget goal wording to gain more fiscal flexibility
Japan's target of balancing its budget excluding debt payments by 2025 had long seemed unlikely, even by the government's own growth projections.
Japan Times
BUSINESS
Jun 1, 2022
Manufacturers led the way for Japan's first quarter 3% corporate expenditure rise
Firm business expenditure could raise hopes for policymakers counting on cash-rich Japanese corporations to splurge on investment in plants and equipment.
Japan Times
BUSINESS
May 27, 2022
Helped by weak yen, Japan remains top creditor nation with record net external assets
A weak yen — it lost about 11% against the dollar last year — boosted the value of foreign assets held by the Japanese government, businesses and individuals.
Japan Times
JAPAN / Crime & Legal
May 20, 2022
Senior Japan ministry official arrested for alleged assault on train
Heihachiro Ono, the 56-year-old deputy vice minister for policy planning and coordination, was drunk when he allegedly assaulted the passenger.

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