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YEN

JPMorgan Asset has wagers that profit when the yield gap between shorter and longer-term Japanese bonds narrows, and is among those mapping out the BOJ’s next policy step after a wild week of trading.
BUSINESS / Economy
Aug 10, 2024
JPMorgan Asset gameplans for risk BOJ hikes are done this year
"It’s pretty clear that the Bank of Japan is not going to move until markets settle down,” said the head of global rates at the firm.
An electronic board displaying Topix and the yen exchange rate against the U.S. dollar outside a brokerage in Tokyo on Tuesday.
BUSINESS
Aug 9, 2024
Tokyo’s Monday stock crash an afterthought by Friday
Concern remained, and the search for a coherent explanation as to why Tokyo stocks crashed and shook investors globally was ongoing.
Traders work on the floor of the New York Stock Exchange on Monday as selloffs in global markets, including Japan’s Nikkei 225 index, deepened amid concerns about a slowdown in the global economy.
EDITORIALS
Aug 9, 2024
BOJ rate hike spooked markets, but it's not the sole culprit
Unwinding decades of loose monetary policy was always going to be challenging, and the global economy must brace for similar adjustments from other central banks.
The Bank of Japan headquarters in Tokyo. This week's market turmoil underscored how difficult it is for the central bank to limit market shocks as it unwinds years of extraordinary monetary stimulus.
BUSINESS / Markets
Aug 9, 2024
Mixed messages from BOJ leave traders guessing about its true aims
Investors are wondering how much faith they can put into the Bank of Japan following comments that appear to be damage control.
Bank of Japan Gov. Kazuo Ueda speaks to reporters on July 3.
BUSINESS / Economy
Aug 8, 2024
Bank of Japan’s surprise rate rise a real head-scratcher for some analysts
Some analysts are skeptical about consumption actually being stimulated, saying that positive wage growth will not necessarily guarantee that.
The Bank of Japan headquarters in Tokyo. BOJ Deputy Gov. Shinichi Uchida sent a strong dovish signal in the wake of historic financial market volatility in Japan by pledging to refrain from hiking interest rates when markets are unstable.
BUSINESS / Markets
Aug 7, 2024
BOJ deputy governor plays down chance of near-term rate hike
Shinichi Uchida's remarks stand in contrast with Gov. Kazuo Ueda's hawkish comments made last week when the BOJ unexpectedly raised interest rates.
The rate of the yen against the dollar displayed in the trading room at a foreign exchange brokerage in Tokyo on April 25.
BUSINESS / Markets
Aug 7, 2024
Japan's April yen-buying intervention sets new daily record
Quarterly data from the Finance Ministry showed that Japan spent a record ¥5.92 trillion on a single-day yen-buying intervention on April 29.
Shigeru Ishiba speaks during an interview in Tokyo on Tuesday.
BUSINESS / Economy
Aug 7, 2024
LDP bigwig Ishiba endorses BOJ's rate hikes
"The Bank of Japan is on the right policy track" in raising interest rates, Shigeru Ishiba said.
An electronic stock board displaying the Nikkei 225-issue Nikkei average outside a securities firm in Tokyo on Tuesday.
BUSINESS / Markets
Aug 6, 2024
Tokyo stocks rebound 10% following Monday’s mad rout
The yen, which had strengthened to the ¥141 mark on Monday from almost ¥162 just weeks earlier, was trading around ¥145 to the dollar on Tuesday.
Shares faced historic sell-offs at the Tokyo Stock Exchange on Monday, but some retail investors see them as an opportunity to buy the dip, betting that the downturn is temporary.
BUSINESS / Markets
Aug 6, 2024
Japan’s retail investors show resiliency despite market turmoil
Some small investors chose the opportunity to buy the dip, betting that the market downturn was temporary.
The Nikkei stock index showed a strong rebound Tuesday morning after a historic plunge a day earlier in Tokyo.
BUSINESS / Markets
Aug 6, 2024
Tokyo stocks rebound sharply in morning trading after record fall
On Monday, the Nikkei had closed down 12.40%, or 4,451.28 points — its largest points drop in history.
The Bank of Japan released minutes from its June policy board meeting Monday.
BUSINESS / Economy
Aug 5, 2024
Up rates before it’s 'too late,’ one BOJ policy board member said in June
Some members of the nine-member policy board mentioned that a weak yen could inflate import prices and put upward pressure on consumer prices.
The 225-issue Nikkei stock average dropped more than 4,000 points on Monday.
BUSINESS / Markets
Aug 5, 2024
Nikkei plunges by 12% as it registers largest-ever point fall
The drop exceeds the point fall recorded Oct. 20, 1987, the day after Black Monday in New York.
Tadanobu Kanno, the vice principal of Shoin Gakuen Fukushima High School in the city of Fukushima, goes through the itinerary of the school's trip to the Kansai region this year.
JAPAN / Society / Regional Voices: Fukushima
Aug 5, 2024
Fukushima schools hesitate to resume overseas trips
The yen's weakness and inflation have resulted in the cost of such excursions to surge — in some cases, more than double what it was prepandemic.
A return to the world with interest will almost certainly mean an increase in the bifurcation of Japan's haves and have-nots.
COMMENTARY / World
Aug 5, 2024
Is Japan ready for a ‘world with interest?’
Ever since Ueda arrived at the central bank 15 months ago, economists have been debating what the "world with interest” will look like.
The Yahoo Auction website shows new banknotes selling for much higher than their face value.
BUSINESS / Economy
Aug 4, 2024
New Japanese banknotes increasingly put up for auction
Notes with features that make them a collectible are being auctioned online for prices much higher than its face value.
The Nikkei stock index saw the biggest plunge in eight years Friday following the Bank of Japan's rate hike earlier in the week.
BUSINESS / Markets / FOCUS
Aug 4, 2024
Investors take long-term view as rate hike whipsaws Japan
As the country normalizes after years of negative interest rates, corporate pricing power and higher pay for workers may spur economic growth, analysts say.
A man takes a picture of an electronic quotation board displaying the closing numbers of share prices on the Tokyo Stock Exchange on Friday.
BUSINESS / Markets
Aug 3, 2024
Tokyo stocks likely to remain volatile in coming days
The benchmark Nikkei 225 average has been forecast to move between 34,000 and 38,000.
The Nikkei 225 fell more than 2,000 points on Friday, capping a volatile week in the financial markets.
BUSINESS / Markets
Aug 2, 2024
Japanese stocks fall almost 6% just days after shock rate rise
In the span of less than a month, the 225-issue Nikkei average went from all-time records to a shocking rout.
Customers stand in line outside a Louis Vuitton store in Tokyo's Ginza district on July 19.
BUSINESS / Companies
Aug 2, 2024
Luxury brands count cost as shoppers from overseas enjoy weak yen discount
Goods sold in Japan by global luxury brands, ranging from designer sneakers to whisky, now tend to be cheaper in dollar terms than elsewhere.

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