The accelerating slide in the value of Japan’s currency could ultimately be bad news for people in Japan who are heavily reliant on imports
Japan is wrong to try to prop up the yen
In 2022 Japan spent more than $60bn of its foreign-exchange reserves defending the yen, its first intervention to strengthen the currency in nearly a quarter of a century, after the exchange rate fell to nearly ¥146 to the dollar.
Activist investor Elliott buys stake in Japan’s Sumitomo, source says
U.S. hedge fund Elliott Management Corp has bought a stake in Sumitomo Corp worth several tens of billions of yen, a person familiar with the situation said on Tuesday. The purchase follows Warren Buffett’s closely watched investment in the Japanese trading house.
Japan Map Shows Where it Intercepted Chinese and Russian Warships
The Japanese Defense Ministry has released more than 100 reports of suspicious ship movements in the past 12 months.
Japanese businesses are growing a nature-positive economy: here’s how
Around the world, the pressure’s on to better protect nature. Japanese businesses are grasping the challenge, with the support of an international framework that aims to shift financial flows into …
Editorial: Gov’t, business’ neglect of people has cost Japan 30 years of stagnation
This is a critical moment in Japan’s attempt to break free from its prolonged economic stagnation known as “the lost 30 years.” To regain economic vitality, both the government and businesses need to …
South Korea’s GDP ranking falls behind Mexico as won slips against rising dollar
The South Korean won has been declining sharply against the U.S. dollar amid the weakening of the Japanese yen, which slumped to the lowest level against the greenback in 34 years. The Korean won’s …
BOJ Data May Help Show Whether Japan Intervened in Forex Market
The Bank of Japan is set to release data tonight that may help solve the mystery of whether authorities intervened in the currency market on Monday after the yen plunged beyond 160 per dollar.
China overtakes Japan in April as Australia’s top coal market: Russell
Australia shipped more coal to China than Japan in April, the first time this has happened in any month in more than four years, underscoring shifting market dynamics and an improved political relationship with Beijing.
Japan’s JERA expects annual profit to halve
JERA, Japan’s biggest power generator, on Tuesday forecast its profit for the fiscal year ending next March to halve to 200 billion yen ($1.3 billion) on lower revenue from overseas power generation …