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May 04, 2024
 

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YEN

A monitor in Tokyo shows the yen weakening past ¥150 per dollar late Tuesday night.
BUSINESS / Markets
Feb 14, 2024
Yen's slide past ¥150 per dollar prompts stern warnings from Japan
The yen has tumbled more than 6% versus the dollar so far in 2024.
Japan’s latest growth figures are set to confirm it slipped to become the world's fourth-largest economy last year.
BUSINESS / Economy
Feb 13, 2024
Japan GDP set to confirm slip to world’s fourth-largest economy
Figures for the calendar year are almost certain to show the value of output falling behind Germany’s in dollar terms.
This year was set to be a tumultuous one for global markets, with unpredictable swings as economic fortunes diverge and voters in more than 50 countries go to the polls. But there’s one unforeseen reversal already underway: a change in perception among investors about China and Japan.
BUSINESS / Economy
Jan 26, 2024
As China’s markets stumble, Japan soars toward record highs
China has not struggled for economic growth like Japan, but a protracted property market collapse has shredded consumer and investor confidence.
Foreign tourists at a duty-free counter in a department store in Tokyo
BUSINESS
Jan 26, 2024
Duty-free sales at Japan department stores hit record high in 2023
The rise reflected the weak yen, as well as an increase in the number of foreign visitors to Japan.
The Nikkei stock average rose above 36,570 Monday morning, a level not seen since February 1990.
BUSINESS / Markets
Jan 22, 2024
Japan's Nikkei scales 34-year peak on Wall Street record
The S&P 500 posted its first record-high close in two years, as AI fever drove big gains for chip shares and other heavyweight tech stocks.
Who should foot the bill when it comes to making sure Japan's new ¥500 coin can actually be used as widely as the old one?
COMMUNITY / Voices / FOREIGN AGENDA
Jan 15, 2024
All ¥500 coins that glitter are not gold
Twenty years on and the ¥2,000 note can almost certainly still be described as a “novelty" — what if the new ¥500 coin is destined for the same fate?
A screen displays the Nikkei 225 Stock Average figure on the trading floor at the Nomura Securities headquarters in Tokyo on Thursday.
BUSINESS / Markets
Jan 13, 2024
Tokyo stocks find their mojo as bubble-era highs draw nearer
The roaring start to 2024 looks to be on far more solid ground than last time stocks reached these levels as investors bet the country is escaping deflation.
The recent surge in the 225-issue Nikkei average has some strategists believing it could rewrite a new all-time high later this year.
BUSINESS / Markets
Jan 13, 2024
Surging Nikkei may top 40,000 this year, strategists say
The recent surge in the 225-issue Nikkei average has some strategists believing it could rewrite a new all-time high later this year and breach the 40,000 mark.
The yen's exchange rate against the dollar on Wednesday. The yen declined from ¥103 against the dollar in 2020 to as little as ¥151 in late 2023.
COMMENTARY / Japan
Jan 11, 2024
Is a weak yen good for Japan’s economy?
The yen's fast depreciation is boosting overseas investment and sectors like tourism, but could also trigger inflation. In response, the BOJ should raise interest rates.
The yen extended gains Tuesday after the Bank of Japan indicated it will reduce monthly buying of superlong government bonds.
BUSINESS / Markets
Jan 9, 2024
Yen rises after BOJ indicates cut in superlong bond buying
The BOJ bought ¥150 billion ($1.04 billion) of 10-to-25 year debt on Tuesday.
A damaged vehicle under a collapsed house following an earthquake in Nanao, Ishikawa Prefecture, on Tuesday. Speculation that the Bank of Japan might shift its policy this month is receding, as the central bank has to assess the adverse impact from the Noto Peninsula disaster on the economy.
BUSINESS / Economy
Jan 5, 2024
Yen falls as earthquake raises bar for BOJ to end negative rates
While speculation about a January tweak is receding, many still expect an end to negative rates in April, or later in 2024.
A line of travelers on a shinkansen platform at JR Tokyo Station on Friday
BUSINESS / Economy
Dec 31, 2023
Inflation and weak yen hit Japan's appetite for holiday spending
More than half of the respondents to a survey said they would cut seasonal spending.
The Bank of Japan's headquarters in Tokyo. In 2023, the dollar surged from around ¥130 at the start of the year to above ¥151.90 in mid-November as the gap between U.S. and Japanese interest rates widened on the back of the U.S. Federal Reserve's rapid rate hikes to curb inflation.
BUSINESS / Markets
Dec 30, 2023
Dollar could fall to around ¥130 in 2024, analysts say
Six of eight analysts predict that the lower end of the greenback's range against the yen next year will be between ¥130 and ¥135.
Hideki Kuriyama, who guided Samurai Japan to the World Baseball Classic title in March, rings a bell during a ceremony marking the end of trading in 2023 at the Tokyo Stock Exchange on Friday.
BUSINESS / Markets
Dec 29, 2023
Japanese stocks post best yearly gain since Abenomics jolt
The benchmark Topix posted an annual return of 25%, and the 225-issue Nikkei average rallied 28%. That’s the best performance for both gauges since 2013.
Foreign tourists take pictures of an Enoshima Electric Railway train near a railroad crossing in Kamakura, Kanagawa Prefecture, in October.
JAPAN
Dec 20, 2023
Visitors to Japan in January-November period pass 20 million
The number of foreign visitors, mainly from South Korea, Taiwan and the United States, is steadily recovering on the back of a cheap yen.
Market players see the yen rallying next year as the Bank of Japan exits the world’s last negative interest rate regime and its global peers cut borrowing costs.
BUSINESS / Markets
Dec 18, 2023
2023's big currency flop is top pick for year ahead, again
The BOJ's expected unwinding of its ultraeasy monetary policy and the prospects of lower borrowing costs elsewhere set the stage for the yen to rebound.
Bank of Japan Gov. Kazuo Ueda, who took office in April, has been considered a skeptic of negative interest rates.
COMMENTARY / Japan
Dec 17, 2023
One small step for BOJ. One giant leap for the yen.
Japan can hold off on undoing negative interest rates
The yen climbed by more than 1% against the dollar to the ¥140-range in Thursday trading.
BUSINESS / Markets
Dec 14, 2023
Yen gains over 1% as Fed pivots to rate cuts ahead of BOJ meeting
The Japanese currency surged past the four-month high of ¥141.71 reached last week amid dollar weakness due to dovish moves by the Fed.
Members of an experts' panel on a central bank digital currency hold their first meeting, at the Finance Ministry in April.
BUSINESS
Dec 13, 2023
Panel urges preparations for a digital yen that coexists with cash
The Bank of Japan has launched a pilot program to study the feasibility of implementing such a currency.
Samples of new Japanese banknotes scheduled to be issued from July 3, 2024
JAPAN
Dec 12, 2023
Japan to issue redesigned banknotes on July 3
Even after the new bills begin circulating, the current banknotes will remain legal tender.
Biden calls ally Japan ‘xenophobic’ along with rivals China and Russia
U.S. President Joe Biden speaks in Syracuse, New York, on April 25.
Yen swings stir talk that Japan is in the FX market once again
An electronic screen in Tokyo displays the yen exchange rate against the U.S. dollar and the graph showing its recent swings, on Thursday.
Harajuku strives to reclaim its former glory — and surpass it
Laforet Harajuku, which celebrated its 45th anniversary last year, has been a witness to the district's evolution over the years.
Weak yen fattens tourist wallets in Japan
People visit the Ameya Yokocho market in Tokyo's Ueno district during the Golden Week holiday on Tuesday.
Japan's May 1 intervention may have cost ¥3.66 trillion, BOJ data suggests
An electronic screen displays a graph showing Japanese yen exchange rates surging against the dollar amid signs of intervention by authorities, in Tokyo on Thursday.
Kishida sets sights on energy and climate in South America trip
Prime Minister Fumio Kishida will use a policy speech in Sao Paulo to set out his vision for ties between Japan and South America, almost 10 years after former Prime Minister Shinzo Abe advocated for stronger ties between the two in the same city.
Yellow sand allergy: A health issue made worse by climate change
A screenshot of the Meteorological Agency's satellite image of clouds and yellow sand (in pink) on Sunday.
Climate change, chalky grains and the risks for Japan’s rice farmers
A farmer plants seedlings in Satsumasendai, Kagoshima Prefecture. Japan’s self sufficiency rate for rice is nearly 100%, compared with 38% for food overall, on a calorie basis.
Japan wants you to spend more with ‘luxury tourism’
Performers play a traditional drum unique to Wajima, Ishikawa Prefecture, in the prefectural capital of Kanazawa on March 16 to mark the extension of the Hokuriku Shinkansen line to Tsuruga Station in Fukui Prefecture.
Theaster Gates’ ambitious ‘Afro-Mingei’ brings Black Chicago to Tokyo
Theaster Gates' “A Heavenly Chord” lines up church pews before seven speakers and a Hammond B3 organ, a type of electric organ prevalent in Black American churches.

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