Tag - yen

 
 

YEN

The weakness of the yen is posing a big problem for small and midsize businesses. As for desired exchange rates, 69.5% said they want the yen trading between ¥110 and ¥135 to the dollar.
BUSINESS / Companies
Jul 4, 2024
Weak yen inflicts major damage to small and midsize businesses, survey says
While some larger, export driven companies have benefited from the weak currency, smaller firms are struggling to adjust.
Restaurant chains such as Yoshinoya rely on U.S. beef imports. The price surge has led to Yoshinoya's parent company looking into developing new dishes using ingredients other than beef.
BUSINESS / Economy
Jul 4, 2024
Soaring prices make U.S. beef procurement hard in Japan
The yen's recent sharp depreciation compounds the problems of reduced supply and strong demand for American beef in other countries.
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.
A city street in Kyoto crowded with tourists in April. American tourists headed for Japan have surged this year, according to data from the International Trade Administration.
BUSINESS
Jul 2, 2024
More American tourists head to Japan as battered yen beckons
Airlines are also moving in tandem with this trend, adding 9% more seats between the United States and Japan in the three months through August.
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.
Foreign tourists visit Tsukiji Outer Market in Tokyo on June 14.
JAPAN / FOCUS
Jun 29, 2024
Why it feels like everyone in the world is heading to Japan right now
The yen’s historic collapse coupled with the post-pandemic surge in global tourism has sparked interest in the nation like never before.
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.
The rate of the yen against the dollar displayed in the trading room at foreign exchange brokerage Gaitame.com in Tokyo on Thursday.
BUSINESS / Markets
Jun 27, 2024
Yen taken back to the '80s by messaging missteps and loss of confidence
Some analysts see the speculative fever as unsustainable, and that any signs of U.S. inflation falling faster than expected could allow a dramatic comeback.
The yen fell as much as 0.4% to ¥160.39 per dollar on Wednesday, extending losses this year to around 12%.
BUSINESS
Jun 26, 2024
Yen’s tumble to weakest since 1986 boosts risk of intervention
The Japanese currency fell as much as 0.4% to ¥160.39 per dollar on Wednesday, extending losses this year to around 12%.
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.
Traders say a slump of the yen as far as ¥170 per dollar is possible despite looming intervention risks.
BUSINESS / Economy
Jun 25, 2024
Forget ¥160 — traders see currency falling as far as ¥170 against dollar
The yen is at risk of sliding to levels last seen in 1986, with traders unfazed by the specter of government intervention.
The Bank of Japan headquarters in Tokyo on June 12
BUSINESS / Markets
Jun 24, 2024
Yen nears lows as Bank of Japan leans dovish
The BOJ has suggested in recent weeks that it might not hurry in tightening monetary policy, unsettling the market.
The Bank of Japan debated the chance of a near-term interest rate hike during its policy meeting in June.
BUSINESS / Economy
Jun 24, 2024
BOJ debated need for timely rate hike at June meeting, summary shows
One Bank of Japan policymaker called for an increase without delay to address risks of inflation overshooting expectations.
Monitors show the rate of the yen against the U.S. dollar at a foreign exchange brokerage in Tokyo on Monday. Traders are falling out of step with the Bank of Japan, expecting hawkish steps that are instead met with a cautious approach.
COMMENTARY / Japan
Jun 24, 2024
Traders are out of step with the BOJ’s Ueda
Time and time again, traders predict that the Bank of Japan will take bold next steps, but these rarely come. That's because Gov. Ueda is, most of all, cautious.
While a weaker yen is seen pushing up fiscal 2024 profits by 1.9% at large companies with capital of ¥1 billion or more, it is expected to have a negative impact of 1.3% for small companies with capital of 10 million to ¥100 million.
BUSINESS / Companies
Jun 23, 2024
Impacts of weaker yen vary by company size: estimates
The profit disparity arises apparently from the inability of small companies to offset rising import costs with their limited-scale exports and direct investments abroad.
The dollar’s reign has wreaked havoc across currency markets, especially in Japan where ultralow interest rates have sent the yen spiraling down more than 11% against the greenback this year.
BUSINESS / Economy
Jun 22, 2024
Dollar winning streak extends into fifth week as yen slumps
The dollar’s reign has wreaked havoc in Japan where low interest rates have sent the yen spiraling down more than 11% against the greenback this year.

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