Japan said Friday that it spent about 62 billion dollars to bolster the yen over the past five weeks, when it intervened in forex markets for the first time since 2022 after the currency hit a 34-year ...
Japan confirms $62 billion currency intervention to prop up weak yen
The Japanese Finance Ministry on Friday confirmed it spent trillions of yen over the past month to slow its dramatic fall against the U.S. dollar. The finance ministry said it spent $62.25 billion ...
Japan confirms first currency intervention since 2022 with $62 billion in spending
Data from Japan's Ministry of Finance confirmed the country's first currency intervention since 2022, after the Japanese yen plunged to a 34-year-low in April. This is the first time that the ...
Japan’s $62bn support for yen provides little reprieve
Japan spent a record ¥9.8tn ($62bn) from late April to May to boost the yen, but the currency has resumed its slide towards 34-year lows even as expectations build for interest rate rises, ... ( read original story ...)
Yen weakness persists despite Tokyo’s $62 billion intervention
Japanese authorities spent 9.79 trillion yen ($62.23 billion)intervening in the foreign-exchange market to support the yen over the past month, in moves that kept the currency from testing new lows ... ( read original story ...)
Serial Moomoo Ads Featuring “Result-Oriented Investing” Turn Live in Tokyo
Moomoo Partners with Actor Yutaka Matsushige in The Journey to Pursue Excellence TOKYO, May 31, 2024 /PRNewswire/ -- Online trading platform moomoo lighted up Tokyo city with its iconic orange color ... ( read original story ...)
Harvard Law’s Saeed Ahmad Announces Completion of IP Research on Luxury Brands in Japan
Saeed Ahmad, a Harvard Law student, conducted extensive research in Tokyo on IP protection strategies of luxury conglomerates, supervised by ... ( read original story ...)
Crypto ‘re-staking’ platforms boom as traders chase bigger returns
More than $18 billion worth of cryptocurrency has moved into a new type of platform which offers investors rewards in exchange for locking up their tokens, in a complex scheme that analysts warn poses a risk for users and the crypto market.
Japan Stocks Finish Higher at Close; Nikkei 225 Rises by 1.27%
Japan’s stock market exhibited positive momentum, witnessing a notable uptick as the Nikkei 225 index surged by 1.27% by the end of the trading session. This upward trajectory was primarily buoyed by ...
Dollar steadies before awaited inflation test, yen brushes off Tokyo CPI
Official data showed overnight that the US economy grew at an 1.3 per cent annualised rate from January through March ... ( read original story ...)
Japanese businesses are trapped between America and China
In 1996 revenue booked by the foreign subsidiaries of Japanese manufacturers was just 7% of their total sales. Last year that figure reached 29%, a record high. Two markets have been central to this ... ( read original story ...)
Cosmetic clinics surge in Japan’s big cities, but so do complaints
Japan's cities are seeing a sharp rise in the number of clinics offering beauty treatments such as hair removal and cosmetic surgery. But the increase is accompanied by a sharp rise in complaints and ... ( read original story ...)
Japan’s retail sales rises more than expected in April, industrial production unexpectedly fall
Japan's retail sales rises more than expected in April, while industrial production unexpectedly falls. Industrial production in Japan was down 0.1% month-over-month in April 2024, missin.
Japanese funds will unlock powerful virtuous cycle: podcast
Pushy foreigners helped boost short-term value in the Nikkei stock index. In this Exchange podcast, Hiroyuki Otsuka, CEO of Newton Investment and ex-Carlyle executive, explains how local asset managers will create the next wave of gains and usher in dramatic change for Japan.
Japan’s household spending seen rising for first time in 14 months: Reuters poll
Japan is expected to post its first year-on-year rise in household spending in 14 months, a Reuters poll showed on Friday, although the tepid growth is likely to highlight persistent weakness in the ... ( read original story ...)
Japan govt. to provide $330 mil. for reconstruction fund of quake-hit Ishikawa
The Japanese government has decided to provide more than 300 million dollars in financial aid to help Ishikawa Prefecture recover from severe damage caused by the New Year's Day earthquake. The ... ( read original story ...)