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Tag: Japan

Posted on June 30, 2024

Japan Finance Minister Suzuki says he’s ready to act on yen’s decline

Japanese Finance Minister Shunichi Suzuki said on Thursday that he would take necessary actions on currencies after the yen slid to a 38-year low against the dollar. Japanese authorities are “deeply …
Posted on June 30, 2024

Japan’s Finance Minister Repeats Warnings After Yen Hits Lowest Since 1986

(Bloomberg) — Japan will take appropriate action as needed to defend its currency as it watches out for sudden, one-sided moves, Finance Minister Shunichi Suzuki told reporters after the yen slid to …
Posted on June 29, 2024

Japan names new FX diplomat as yen hits 38-year low

Currently head of the ministry’s international bureau, the 57-year-old will become vice finance minister for international affairs – a post that oversees Japan’s currency policy and coordinates …
Posted on June 29, 2024

Japan’s industrial production expands more than expected in May; jobless rate stays at 2.6%

The Japanese yen weakened to around 161 per dollar, breaching that level for the first time since 1986 as the Ministry of Finance appointed Atsushi Mimura as Japan’s top currency diplomat, replacing …
Posted on June 29, 2024

Inflation in Japan’s capital accelerates, keeps BOJ rate hike prospects alive

en route quarterly gain 4:17 PM UTC Asian Marketscategory Japan ‘deeply concerned’ about rapid, one-sided forex moves, finance minister says 2:59 AM UTC The only “winner” from a possible all-out trade …
Posted on June 29, 2024

Citadel buys Goldman alum’s company to trade power in Japan

Japan’s power industry is attracting more overseas firms as volatility increases due to extreme weather, a transition away from fossil fuel, and the resumption of some nuclear reactors.
Posted on June 28, 2024

Japanese yen weakens to fresh 38-year lows; top currency diplomat replaced

The Japanese yen weakened to fresh 38-year lows on Friday, crossing the 161 mark for the first time since 1986 and reaching a high of 161.27, according to LSEG data. The last time the currency was at this level was in December 1986.
Posted on June 27, 2024

China businessman bowls over Sweden with hometown beef ramen noodles, earns US$140,000 a month

Beats Japanese ramen competition in Stockholm with hometown recipe, sells 300 bowls a day, plans more branches An entrepreneur from China has set up a thriving business in Sweden selling traditional …
Posted on June 25, 2024

China Must Heed Japan’s Lessons As It Mulls Quantitative Easing Gambit

Over the last year, few global narratives have irked Chinese leader Xi Jinping more than Asia’s biggest economy turning Japanese.
Posted on June 25, 2024

China Must Heed Japan’s Lessons As It Mulls Quantitative Easing Gambit

Over the last year, few global narratives have irked Chinese leader Xi Jinping more than Asia’s biggest economy turning Japanese.

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