Opinion | As yen sinks, Japan must avoid goading China into a currency war
Let’s hope Xi resists this urge. It’s not hard to count the ways such a move could backfire on the...
archiveJapan
Asian Currencies Can’t Escape the Strong Dollar
Paul O'Neill, a Treasury secretary under George W. Bush, ran into controversy on his first overseas trip when he had...
Stock Rout Takes Breather as Dollar Halts Ascent: Markets Wrap
(Bloomberg) -- Asian stocks traded in narrow ranges following a rout that pushed a key benchmark close to erasing the...
South Korea, Japan signal readiness to respond to excessive FX volatility
SEOUL (Reuters) -- South Korea and Japan expressed serious concerns about the recent depreciation of their currencies and stood ready to take action against excessive exchange-rate volatility, South Korea's Finance Ministry said in a statement released on Wednesday.In a meeting on Tuesday in Washington, South Korean Finance Minister Choi Sang-mok and his Japanese counterpart, Shunichi Suzuki, said they were ready to deploy measures to stabilize excessive volatility in currency markets, the ministry said.Receding expectations of near-term U.S. interest rate cuts have pushed up the U.S. dollar against many currencies, including the...
Funds make biggest bet against yen since 2007
Hedge funds have built up their biggest bet against the yen in 17 years, raising the prospect that when Japan’s...
Yen Traders Wary of Intervention as Japan Warns Against Drop
(Bloomberg) -- Japan warned that it will consider all options to combat weakness in the yen after the currency slumped...
Why is the Japanese yen so weak?
Japan’s yen is at three-decade lows and under enough pressure to prompt strong official warnings of intervention to prop it...
Japan’s Suzuki and Kanda: No predetermined Yen levels for currency intervention
Japanese Yen’s steep decline through 152 mark against Dollar overnight has put attention on potential currency intervention. However, responses from...
Japan says it won’t rule out any steps to deal with excessive yen swings
TOKYO (Reuters) -- Japanese Finance Minister Shunichi Suzuki on Thursday said authorities would not rule out any steps to deal with excessive exchange-rate swings."We are not just looking at levels themselves such as 152 yen or 153 yen but also analyzing their background," Suzuki told reporters. "We are looking with a high sense of urgency."Suzuki also said excessive currency moves are not desirable and that it was important for currencies to move stably, reflecting fundamentals.His comments came after the yen weakened past 153 per dollar, the lowest since 1990, following...
Former Japan FX tsar says yen weakening could trigger intervention at ‘any time’
By Tetsushi Kajimoto and Yoshifumi TakemotoTOKYO (Reuters) - Japanese authorities could intervene in the foreign exchange market to stem sharp...
