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April 25, 2024
 

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YEN

The yen’s slide has pushed up import bills in Japan, keeping domestic consumer spending tepid, with analysts saying any gains in real wages may evaporate if the yen depreciates further.
BUSINESS / Economy
Apr 24, 2024
Investors loved weak yen boosting shares until it went too far
Concern is growing that the currency is becoming a liability for Japan’s economy and stocks.
An electronic board in Tokyo showing the yen-dollar rate on Wednesday
BUSINESS / Markets
Apr 24, 2024
Japan ‘very close’ to yen intervention, former top currency official says
Market reaction to U.S. data could encourage Japanese authorities to act about the yen, according to Mitsuhiro Furusawa.
Finance Minister Shunichi Suzuki speaks during a meeting with U.S. Treasury Secretary Janet Yellen and South Korean Finance Minister Choi Sang-mok on the sidelines of IMF and G20 meetings in Washington last week.
BUSINESS / Markets
Apr 23, 2024
Tokyo issues strong warning on yen intervention as currency dips further
Comments by Finance Minister Shunichi Suzuki came after the dollar rose to ¥154.85, its strongest levels against the Japanese currency since 1990.
Bank of Japan Gov. Kazuo Ueda hasn’t ruled out responding to exchange rates with a policy move if the impact on prices is seen to be "non-negligible.”
BUSINESS / Economy
Apr 23, 2024
BOJ to hold rates with focus on hawkish signals to buoy yen
Gov. Kazuo Ueda and his fellow board members are set to keep the short-term rate around 0% to 0.1% at the end of their two-day policy meeting.
Finance Minister Shunichi Suzuki (from left), U.S. Treasury Secretary Janet Yellen and South Korean Finance Minister Choi Sang-mok hold a trilateral meeting at the Treasury Department in Washington on Wednesday.
BUSINESS / Markets / ANALYSIS
Apr 20, 2024
Political heat prods Japan and South Korea to team up on weak currencies
The matter is all the more urgent with Middle East tensions threatening to push up oil prices and accelerate cost pressures.
Finance Minister Shunichi Suzuki speaks during an event in Washington on Thursday.
BUSINESS / Markets
Apr 20, 2024
Japan finance chief issues fresh warning on excessive yen moves
Finance Minister Shunichi Suzuki repeated his warning to investors against pushing down the yen too much.
The possibility of a deepening conflict between Israel and Iran suggests higher energy prices for energy import-dependent Japan, meaning more downward pressure for the yen.
BUSINESS / Markets
Apr 19, 2024
Oil poses more risks for yen as Japan depends on energy imports
Crude oil futures jumped on Friday following reports that Israel launched a missile strike on Iran.
The average daily room rate of hotels in Japan for March marked the highest level since August 1997, as the country saw a record number of foreign visitors in March.
BUSINESS / Companies
Apr 19, 2024
Japan hotel prices near 30-year high as weak yen lures record tourists
The average daily room rate for March was about ¥20,986 ($136), the highest level since August 1997 and a nearly 20% increase from the same period in 2023.
Ideal or not, the reality of the world is that one currency, the U.S. dollar, is first among equals.
COMMENTARY / World
Apr 18, 2024
Asian currencies can't fight the dollar on a rampage
Markets tend to reflect economic performance. And ideal or not, the reality of a world is one currency, the U.S. dollar, is truly first among equals.
Berkshire Hathaway's latest yen debt deal is the biggest since its debut sale in the currency in 2019, raising bets it may boost holdings of Japanese stocks.
BUSINESS / Companies
Apr 18, 2024
Berkshire sells ¥263.3 billion of bonds in its biggest yen debt deal since 2019
The seven-tranche deal priced at tighter premiums than Berkshire’s deals over the past two years.
Finance Minister Shunichi Suzuki (left), U.S. Treasury Secretary Janet Yellen (center) and South Korean Finance Minister Choi Sang-mok meet on the sidelines of International Monetary Fund and Group of 20 meetings, at the U.S. Treasury in Washington on Wednesday.
BUSINESS / Economy
Apr 18, 2024
U.S. nods to concerns from Japan and South Korea over slumping currencies
Washington's acknowledgement of concerns may lay the groundwork for intervention, some analysts said.
Finance Minister Shunichi Suzuki speaks to reporters in Tokyo on Tuesday.
BUSINESS / Markets / ANALYSIS
Apr 17, 2024
Why hasn't Japan moved to prop up the weak yen?
Even though the yen has already far exceeded the level that prompted action in October 2022, an intervention seems far off.
Japan's exports grew 7.3% year-on-year in March, up for the fourth straight month, showing that the economy continues to benefit from the effects of the sliding yen.
BUSINESS / Economy
Apr 17, 2024
Japan’s exports get boost from China aided by yen tailwind
Exports gained 7.3% in March from a year earlier, with growth slightly decelerating from February’s 7.8% gain.
Workers clean argeli bark in the Ilam district of eastern Nepal. Thousands of miles away, in Japan, the bark will be used to make yen notes.
ASIA PACIFIC / Society
Apr 16, 2024
On Himalayan hillsides grows Japan’s cold, hard cash
One of the poorest pockets of Asia supplies a primary ingredient for the economy in one of the richest.
Yen traders are bracing for 160 to the dollar or even further declines.
BUSINESS / Markets
Apr 16, 2024
Yen traders brace for 160 level even as intervention risks rise
The yen weakened 1% last week alone as fears of higher-for-longer U.S. borrowing costs spurred a stampede to the dollar.
Finance Minister Shunichi Suzuki warns he’s ready to take action in the foreign exchange market after the yen fell further past ¥154 to the dollar.
BUSINESS / Markets
Apr 16, 2024
Japan’s tepid warning on yen fuels renewed weakness ahead of IMF
The finance minister’s comments come after the yen set a fresh 34-year low of ¥154.45 following stronger than expected U.S. retail sales figures.
The Meiji Yasuda Life Insurance headquarters in Tokyo. Japan's life insurers will lay out their investment plans for the new fiscal year starting this month.
BUSINESS / Companies
Apr 15, 2024
Investment plans for Japan’s insurers will likely favor JGBs
Companies will lay out their plans for the fiscal year starting this month.
The departure hall at Haneda Airport in Tokyo. Now with inflation at its strongest in decades, Japanese are starting to realize that years of static wages leave many of them budgeting each month before their next pay check.
BUSINESS / FOCUS
Apr 13, 2024
Japan’s young workers head abroad as huge wage gap persists
The outflow is also a sign that many Japanese aren’t buying into the nation’s economic optimism as it exits from decades of deflation.
Masato Kanda, vice finance minister for international affairs, says all options are on table after the yen fell past ¥153 to the dollar.
BUSINESS / Markets
Apr 11, 2024
Tokyo and Washington may be in sync, but the dollar-yen currency gap is growing
The yen slipped to its lowest level since 1990 — ¥153 against the dollar — while officials said they were examining their options.
The Bank of Japan headquarters in Tokyo. The central bank will probably discuss revising up its projection for growth in consumer prices for the current fiscal year, sources said.
BUSINESS / Economy
Apr 10, 2024
BOJ said to mull raising inflation view on strong pay deals
Rising oil prices and the weak yen are spurring inflationary pressure that could fuel speculation of earlier moves by the BOJ.
'Sugar Baby Riri' gets nine-year prison term over romance scam
Mai Watanabe, who went by the moniker “Sugar Baby Riri,” dated older men and swindled them out of money by telling them fictitious heartbreaking stories about herself to gain their sympathy.
Tokyo issues strong warning on yen intervention as currency dips further
Finance Minister Shunichi Suzuki speaks during a meeting with U.S. Treasury Secretary Janet Yellen and South Korean Finance Minister Choi Sang-mok on the sidelines of IMF and G20 meetings in Washington last week.
Japan’s cannabis market growing rapidly amid regulatory shift
The legality of products that contain cannabinoids, a group of substances derived from the cannabis plant, has been somewhat murky in Japan.
North Korean animators may be involved in Japan anime production, report says
North Korean animators may be involved in the production of some Japanese and U.S. animated shows, according to a report by a website providing analysis on North Korea.
BOJ to hold rates with focus on hawkish signals to buoy yen
Bank of Japan Gov. Kazuo Ueda hasn’t ruled out responding to exchange rates with a policy move if the impact on prices is seen to be "non-negligible.”
New workers name Shohei Ohtani as 'dream boss' for two years running
Shohei Ohtani has been overwhelmingly voted as the “dream boss” for people who started working in April, according to a survey.
A craft beer crawl through Tokyo’s top bars, brewpubs and dives
If all you drink is Asahi, Sapporo and Kirin, you're depriving yourself of some of the best craft beer Tokyo has to offer — and there sure is a lot of it out there.
'Sugar Baby Riri' gets nine-year prison term over romance scam
Mai Watanabe, who went by the moniker “Sugar Baby Riri,” dated older men and swindled them out of money by telling them fictitious heartbreaking stories about herself to gain their sympathy.
Tsukiji 2030s: A stadium, culinary center and transportation hub
A computer-generated image shows redevelopment plans for the former site of the Tsukiji fish market in Tokyo.
Hearing the impact of climate change in Okinawa, one bird call at a time
Toshihiro Kinjo (center), a research support technician at the Okinawa Institute of Science and Technology, inspects an audio recording device in Ginowan, Okinawa Prefecture, on April 3 as Masako Ogasawara, a research support specialist at OIST, looks on.

Podcast

From easily navigable train stations to the helpfulness of its municipal staff, Tokyo has earned high praise for its commitment to accessibility for disabled travelers.
[Rebroadcast] Japan is doing better on accessibility than you may think

Longform

Later this month, author Shogo Imamura will open Honmaru, a bookstore that allows other businesses to rent its shelves. It's part of a wave of ideas Japanese booksellers are trying to compete with online spaces.
The story isn't over for Japan's bookstores
By Alex K.T. Martin

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