If the currency exchange rate goes from 115 yen against the dollar to, say, 145 yen, that pushes up import prices by about 30%." People across Japan are feeling the effects, with shoppers ...
Japan’s top currency diplomat Masato Kanda said a weak yen has both merits and demerits for the economy due to the country’s changing export patterns and increasing reliance on imports.
Japan spent a record 9.7885 trillion yen ($62.2 billion) between April 26 and May 29 to prop up its currency in the foreign exchange market, according to the Finance Ministry. The money spent on ...
(Bloomberg) -- Japan rolled out more warnings against speculative yen movements as the currency continues to show weakness ahead of two potentially market-moving central bank events this week.
Why is it? Over the past 50 years, Japanese firms have responded to significant exchange rate fluctuations by aggressively expanding overseas and building production and sales networks, especially in ...