Japan Economy

U.S. dollar steadied on Monday. What about the Japanese Yen?

U.S. Dollar Steadied on Monday. What About the Japanese Yen?

The U.S. dollar traded near a two-month high against the Japanese yen on Monday. Investors expect the Federal Reserve to taper its asset-buying eventually, especially after a key measure of U.S. inflation showed stronger price gains than expected. The new data boosted the dollar against the other currencies for a while. However, it steadied again during a …

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U.S. Dollar Fell Against the Euro Today. What About the Yen?

The U.S. dollar tumbled down near its lowest level in three months while the Euro skyrocketed on Monday. Investors contemplated the possibility of the Federal Reserve’s tapering its stimulus spending soon. They don’t believe it fully that soaring U.S. inflation is transient, as the agency maintains in its comments. The dollar index traded at 90.045 …

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ASEAN

ASEAN Plus China, Japan, S. Korea to Boost Financial Ties

Association of Southeast Asian Nations (ASEAN) Finance ministers and central bank governors, including China, Japan, and South Korea, vowed to strengthen regional financial cooperation. This is as they cushion the economies of countries hit hard by the COVID-19 pandemic. A statement read that they expect a rebound in 2021 as the recovery gathers momentum. It …

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pound, yuan, dollar, euro

The U.S. Dollar Rebounded Wednesday. Japanese Yen Plunged Low

The dollar climbed up on Wednesday, its index trading at 91.004 after plunging to the low of 90.679 on Monday. This is its weakest level since March 3. Traders are waiting to see how the U.S. Federal Reserve’s policy meeting ends today. They are also looking forward to President Joe Biden’s speech later on Wednesday. …

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Dollar and other currencies

The U.S. Dollar Remains Low. What About the Euro and Yen?

The U.S. dollar remained near multi-week lows against the major currencies on Tuesday. Declining Treasury yields weighed on the greenback ahead of the Federal Reserve’s policy decision this week. Besides, stocks rallied worldwide during this week, hitting record highs. The safe-haven dollar was out of favor as investor confidence in a rapid global recovery from …

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Japanese Firms

Japanese Companies Fear a New Wave of COVID-19 Infections

In Japan, concerns about a new wave of coronavirus infections are rising fast. Albeit, the country, so far, has fewer COVID-19 cases, as compared to many Western countries.  Japanese companies are bracing for the fourth round of coronavirus infections. A monthly poll showed that many expect a new wave to further hit their businesses after …

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Japan

Risks to Japan’s Low Inflation Turned Upward

According to most polled economists, risks to Japan’s low inflation outlook have turned more upward. In Japan, the rising commodity prices, a weak currency, and supply shortages brought on by the global pandemic lift input costs. Economists said, however, that any pick-up in Japan’s inflation will be modest. This is because of weak wage growth, …

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BOJ

BOJ’s Kuroda says Weak Yen Promises to Benefit Japan

Bank of Japan Governor Haruhiko Kuroda on Tuesday explained the benefits of a weak yen. A weak Japanese currency, he said, helped manufacturers by inflating the value of profits earned overseas. Many manufacturers in Japan now produce goods they sell overseas locally. According to Kuroda, this means a weak yen may not increase export volumes …

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