News Tag: intervene
January 7, 2010
Naoto Kan, Japan's newly appointed finance minister, is calling for a weaker yen after the Japanese currency continues to gain strength against the US dollar.
While a strong yen is good news for the economy, it makes Japanese exports less competitive - but means imports are more affordable to Japanese consumers. Exports are a key to the economy‘s recovery.
Kan’s predecessor, ...
Currency intervention may be required in Japan
by Kay Murchie
November 30, 2009
Global markets rallied this morning as fears over the Dubai debt crisis started to ease.
As the facts of Dubai’s debt crisis unravelled at the end of last week, shares across the world plunged but have today recovered as confidence returns.
It emerged last week that state-owned company Dubai World wanted a six-month holiday from its debt repayments. The state-owned conglomerate ...
Stock markets recover after Dubai debt fears ease
by Kay Murchie
November 26, 2009
Historically low interest rates in the US is making the dollar unappealing to investors sending the US currency to a 14-year low against the Japanese yen.
The greenback has dipped to 86.5 yen - its lowest level since July 7, 1995, due in part to the Federal Reserve indicating that US interest rates will remain low.
The US currency ...
US dollar continues to be a turn off for investors
by Kay Murchie
September 28, 2009
The yen hit 88.23 against the dollar today - the highest level since January when the currency hit a 13-year high of 87.10 per dollar.
However, while a strong yen is good news for the economy, it makes Japanese exports less competitive - but means imports are more affordable to Japanese consumers.
Earlier this month, BoJ Governor, Masaaki Shirakawa, said: “To give ...
Yen reaches eight-month high against dollar
by Kay Murchie