Tag - yen

 
Menu
Search
 
October 11, 2024
 

Today's print edition

Home Delivery
Subscribe for more access

YEN

Nidec separately announced it signed a memorandum of understanding on Monday with Tata Elxsi, an Indian technology service provider, to develop software programs for India and other markets.
BUSINESS / Tech
Jul 23, 2024
Japan's Nidec lifts annual profit outlook after first quarter
The company raised its expectations for operating profit in the financial year to the end of March 2025 to ¥240 billion ($1.53 billion).
Liberal Democratic Party Secretary-General Toshimitsu Motegi says the Bank of Japan should more clearly show its intention to normalize monetary policy.
BUSINESS / Economy
Jul 23, 2024
LDP heavyweight Toshimitsu Motegi calls for clearer sign from BOJ on policy
The remarks suggest growing political frustration over the central bank’s cautious stance as low rates keep pressure on the yen while inflation outpaces wage growth.
The exchange rate for the Japanese yen against the euro (left) and the U.S. dollar is displayed at a foreign exchange brokerage in Tokyo on June 27.
BUSINESS / Markets
Jul 23, 2024
Citi flags possible euro-yen intervention if rate nears ¥180 level
The euro-yen pair traded as high as ¥175.43 on July 11 — a record since the common currency was launched in 1999 — before retreating.
Leveraged funds reduced net short positions on the yen the most since March 2011 during the week to July 16.
BUSINESS / Markets
Jul 22, 2024
Hedge funds slash short yen bets by most in more than a decade
Hedge funds pared bets against the yen in spectacular fashion after a suspected double-whammy market intervention from Japanese authorities.
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.
The Nishiki market in Kyoto. June’s inflation report shows extraordinary jumps in the prices of some items favored by households, including cabbage (27.6%), potatoes (28.5%) and tomatoes (15.6%).
BUSINESS / Economy
Jul 19, 2024
Households struggle as Japan’s inflation rises near U.S. levels
Consumer prices in Japan rose 2.8% on the year in June, close to the 3.0% in the United States.
Japan cut its economic growth forecast for the current fiscal year, reflecting weaker-than-expected private consumption.
BUSINESS / Economy
Jul 19, 2024
Japan cuts growth forecast as prime minister warns of weak-yen pain
The government cut its economic growth forecast for the current fiscal year ending in March 2025 to 0.9% from 1.3% projected in January.
The government is considering introducing a new preclearance system for foreign visitors, starting with tourists from Taiwan, to help shorten the time taken for entry procedures on arrival.
JAPAN
Jul 19, 2024
Japan to speed up entry process as tourist wave hits new record
The government will introduce a new preclearance system from January, starting with tourists from Taiwan, NHK has reported.
More Japanese firms have gone bankrupt in the first half of this year due to soaring costs, labor shortages and the end of pandemic-related support.
BUSINESS / Economy
Jul 18, 2024
Triple whammy takes Japan bankruptcies to decade high
Soaring costs, labor shortages and the end of pandemic-related financial support are taking a heavy toll on smaller businesses.
Visitors take photos of a tunnel of roses at Yokohama English Garden on Wednesday in Yokohama.
JAPAN / Society
Jul 18, 2024
Japan’s summer travel spending soars despite economic pressures
Households plan to spend the most in six years this summer as more people aim to travel despite rising inflation and a weakening yen.
The yen rose to the ¥155 range against the dollar, the highest in almost two months, in Tokyo on Thursday.
BUSINESS / Markets
Jul 18, 2024
Yen rally shakes markets, sending dollar to weakest level since May
There is ongoing speculation that authorities could intervene again to prop up the yen.
Unionists hold a rally in Tokyo in April. Households' real cash earnings have been falling year on year for more than two years, with the weakening of the yen making the situation only more difficult as prices of imported goods increase rapidly.
BUSINESS / Economy
Jul 17, 2024
Japan’s minimum wage might not budge much if corporate fears prevail
While households desperately need a big raise, smaller businesses might not be in a position to handle an increase as they struggle with the weak yen.
Taro Kono, Japan's digital transformation minister, speaks during an interview in Tokyo on Wednesday.
BUSINESS
Jul 17, 2024
Taro Kono says central bank needs to raise rates to lift yen
Kono’s remarks could add to pressure on the Bank of Japan’s policy board to raise interest rates when it meets at the end of this month.
An electronic screen displays a graph showing yen exchange rates surging against the U.S. dollar amid an alert to the possibility of intervention in Tokyo on Friday.
BUSINESS / Economy
Jul 16, 2024
Japan keeps up yen warnings as two-day intervention suspected
Bank of Japan data released on Tuesday suggested Tokyo may have spent ¥2.14 trillion ($13.5 billion) intervening on Friday last week.
The Bank of Japan headquarters in Tokyo
BUSINESS / Markets
Jul 15, 2024
Yen’s woes seem too big for even a BOJ hike this month to solve
Despite a boost and a favorable drop in U.S. bond yields, the yen still ended last week up less than 2% against the greenback.
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.
Japan's top currency official Masato Kanda speaks to reporters in Tokyo on Friday.
BUSINESS / Markets
Jul 12, 2024
BOJ rate check fuels yen intervention speculation after a big gain
Several market participants said Japan's central bank had called and asked for indicative exchange rates against the euro.
A monitor in Tokyo shows the yen strengthening to the ¥157 range against the dollar late Thursday evening.
BUSINESS / Markets
Jul 12, 2024
Japan likely spent $22 billion on yen intervention Thursday
Japan’s currency firmed from around ¥161.58 against the dollar to ¥157.44 in little more than half an hour.
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.
Omoide Yokocho in Shinjuku, Tokyo. According to data recently published by Mercer, Tokyo fell 30 places from 2023 and is now the 49th most expensive city in the world, just ahead of Houston.
BUSINESS / Economy
Jul 9, 2024
Tokyo is cheaper to live in than San Juan, according to global survey
The capital fell a full 30 places from 2023. It was No. 3 in 2020 and No. 1 as recently as 2012.
Rising sex tourism exposes loopholes in Japan's anti-prostitution law
While financial misfortunes during the COVID-19 pandemic may have driven some women to work the streets, others simply want more money to spend — or want to pay off their debts — at host clubs.
University of Tokyo moves up a spot to 28th in World University Rankings
The University of Tokyo is ranked 28th in the latest World University Rankings, advancing one place from the previous rankings.
Spate of sumo tour dropouts highlights need to rethink wrestlers' health
Shonannoumi hits the dirt at the hands of Kotozakura during a bout in Tokyo in May. Shonannoumi is among the many top wrestlers who have dropped out of this month's regional tour due to injury.
LDP pulls endorsements of 12 'slush fund' lawmakers for Oct. 27 election
Prime Minister Shigeru Ishiba speaks to reporters at the Prime Minister's Office in Tokyo on Tuesday.
NHK to charge monthly online viewer fee of ¥1,100 starting next year
NHK plans to start charging online viewers in October of next year.
Spate of sumo tour dropouts highlights need to rethink wrestlers' health
Shonannoumi hits the dirt at the hands of Kotozakura during a bout in Tokyo in May. Shonannoumi is among the many top wrestlers who have dropped out of this month's regional tour due to injury.
Japan pushes fossil fuel tech in Asia carbon neutrality initiative
Coal-fired power plants in Bataan, the Philippines, in June 2023. A third of the 158 agreements signed under the Japan-led Asia Zero Emission Community are linked to fossil fuel technologies, a recent study by a climate research group has found.
The forgotten Japanese naturalist who created a U.S. national park
Without Japanese outdoorsman George Masa, America might not have the Great Smoky Mountains National Park — so why do so many people in Japan not know he existed?
Experts move to allay replicon COVID shot fears in Japan amid backlash
A man receives a COVID-19 vaccine in Tokyo on Oct. 1. Experts say fears over the newly approved replicon vaccine are unwarranted.
Rising sex tourism exposes loopholes in Japan's anti-prostitution law
While financial misfortunes during the COVID-19 pandemic may have driven some women to work the streets, others simply want more money to spend — or want to pay off their debts — at host clubs.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

Dul Saroth (left) and Soeum Samrach, deminers with the Cambodian Mine Action and Victim Assistance Authority, practice using the Advanced Landmine Imaging System in Cambodia’s Siem Reap province in August.
The Japanese tech that could one day make Southeast Asia landmine-free
By Anton L. Delgado

SUSTAINABLE JAPAN

Sasakawa works for a sustainable blue economy
Sasakawa works for a sustainable blue economy

SPECIAL SUPPLEMENTS note

Read more

SUPPLEMENTS BINDER