Japan Economy

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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Chinese Yuan dropped against the dollar

Chinese Yuan Dropped Against the Dollar. What About Yen?

The Chinese yuan tumbled down by 1.28% against the U.S. dollar in March. Meanwhile, the greenback soared by 2.52% in March against a basket of other major currencies. Official data showed on Wednesday that China’s foreign exchange reserves dropped more than expected in March. They plunged by $34.97 billion to $3.17 trillion during the last …

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euro and dollar

U.S. Dollar Hit a One-Year High Against the Japanese Yen

The U.S. dollar rallied against major currencies on Tuesday, skyrocketing to a one-year high against the yen. Faster U.S. vaccination rollout, along with plans for a major stimulus package, boosted inflation expectations and Treasury yields, causing the currency’s surge. Traders flocked to the safe-haven dollar found after digesting the fallout from the plunge of highly …

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Japan

Japan Provides State-backed Fund to COVID-hit Firms

A Japanese state-backed fund will invest in companies suffering from the fallout of the COVID-19 pandemic. This was Japan’s Economic Minister Yasutoshi Nishimura’s statement on Monday. They said they’ve received requests from a wide range of industries. These include dining and accommodation. The Regional Economic Vitalization Corporation of Japan (REVIC) provided financial support to a …

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yen and U.S. dollar

U.S. Dollar and Yen Rallied Due to Safe-Haven Demand

The U.S. dollar rallied on Wednesday. It neared a four-month high as traders worried about a third coronavirus wave in Europe, escalating tensions between the West and China, and a potential U.S. tax increase. These concerns significantly reduced risk appetite on the market. As a result, safe-haven currencies soared. The Japanese yen soared along with …

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Dollar

U.S. Dollar Hit New Highs Against the Yen and the Euro

The U.S. dollar skyrocketed to multi-month highs against the Japanese Yen and the Euro on Friday. During his speech, Federal Reserve Chair Jerome Powell reiterated his stance to keep interest rates low for a long time. He also did not express any concerns about a recent sell-off in bonds. According to Powell, the sell-off in …

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