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30th of December 2010
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News Tag: strong yen

December 22, 2010

Japan’s export growth improves in November

by Kay Murchie
Japan's export growth improves in November
Government data has today revealed Japanese exports picked up in November - for the first time since February. Exports grew 9.1% to 5.44 trillion yen in November on an annual basis, against the 7.8% reported in October. However, the figure was still short of expectations for a 10.8% gain. The improvement was attributed to strong overseas demand, particularly for Japanese steel and ...




December 15, 2010

BoJ Tankan survey reveals fall in business sentiment

by Kay Murchie
”BoJ
The Bank of Japan’s (BoJ) closely watched quarterly Tankan survey has revealed business confidence has dipped - hit by a strong yen and slowing exports. The influential Tankan index revealed business confidence among major manufacturers fell for the first time in almost two years. The Tankan figures are closely monitored by the BoJ when deciding monetary policy. The index fell ...




December 9, 2010

Japanese economic growth revised upwards

by Kay Murchie
”Japanese
Official figures have today revealed the Japanese economy grew faster than estimated in the third quarter due to stronger corporate spending. The world’s third largest economy grew by 1.1% in the July to September period, up from the first estimate of 0.9%. On an annual basis, the economy expanded by 4.5% from an earlier estimate of 3.9% and exceeded expectations of a revision to ...




November 26, 2010

Japanese deflation worries persist

by Kay Murchie
”Japanese
Official figures today showed the Japanese economy continues to battle with deflation. Figures revealed Japanese core consumer prices fell 0.6% in October compared with a year ago – representing the 20th consecutive monthly decline that the economy has been in deflation. Last month, the Bank of Japan cut interest rates to almost zero. The move surprised analysts but the Bank’s measures reflected its concern about ...




November 25, 2010

Japanese exports slow further in October

by Kay Murchie
”Japanese
Government data has today revealed a further slowdown in Japanese exports in October. Not only were the figures below expectations but they grew at their slowest pace this year, as the strong yen continues to weaken demand for exports and threatens the economic recovery. Exports grew 7.8% in October - way below the 14.3% reported in September. Meanwhile, exports to Europe fell - suggesting ...




October 28, 2010

Japanese interest rates on hold, growth forecasts cut

by Kay Murchie
”Japanese
The Bank of Japan (BoJ) has today opted to keep interest rates on hold between zero and 0.1%. The move comes just weeks after the Bank surprised analysts and cut rates to this level. The measures come as the economy continues its battle with deflation. Deflation is also a concern for the Japanese economy. Recent figures revealed Japanese core consumer prices fell ...




October 19, 2010

Fears for Japanese economy as yen strengthens

by Kay Murchie
”Fears
Concern has been raised for Japan’s recovery today after the Cabinet Office said the economy is at a standstill, attributed to the rising yen, which is weakening demand for exports. As a result of a rising yen, the Bank of Japan (BoJ) intervened to stem the currency against the US dollar – the first time in six years that such action ...




October 15, 2010

Japan may step in to weaken currency

by Kay Murchie
’Japan
Japan's Prime Minister, Naoto Kan, has today said he is "very concerned about the currency situation" as the yen continues to strengthen against the US dollar. The Japanese yen is currently hovering around 15-year highs against the dollar. Last month, the Bank of Japan (BoJ) intervened to stem its currency against the dollar – the first time in six years that such ...




July 30, 2010

China becomes world’s second largest economy

by Kay Murchie
China becomes world’s second largest economy
China has surpassed Japan and become the world’s number two economy and could pinch the top spot from the US in the next 15 years. In an interview with China Reform magazine, Yi Gang, China's chief currency regulator, said: "China, in fact, is now already the world's second largest economy." He added: "China is still a developing country, and we should be wise ...




January 26, 2010

Japan interest rates unchanged

by Kay Murchie
”Japan
The Bank of Japan has again elected to keep interest rates on hold at the low level of 0.1%, as widely expected. It is anticipated that the Bank will leave rates at the low rate until around 2012 as a result of deflationary pressures. The world’s no.2 economy exited recession in the second quarter of 2009 but there have been fears that the return of ...




December 10, 2009

Japanese machinery orders decline in October

by Kay Murchie
”Japanese
There was further bad news for the world’s second largest economy today after it was revealed that Japanese core machinery orders (a highly volatile series seen as an indicator of corporate spending) fell more than expected in October. Official figures revealed Japanese machinery orders fell by 4.5% in October compared with the previous month, analysts had expected a fall of 4.3%. The ...




December 9, 2009

Japan’s economic growth figures revised downwards

by Kay Murchie
”Japan’s
The Cabinet Office in Tokyo has today revealed that the world’s no.2 economy grew at a far slower rate in the third quarter than previous estimates showed. According to official figures, the Japanese economy grew by 0.3% between the July and September period, rather than the 1.2% previously reported and slightly less than the 0.7% analysts had expected. The main reason for ...




December 2, 2009

Bank of Japan not ruling out other stimulus measures

by Kay Murchie
Bank of Japan not ruling out other stimulus measures
It emerged yesterday that Japan’s central bank had injected 10 trillion yen (£70 billion, $114 billion) in liquidity into financial markets to cement the recovery of the world’s second largest economy. In a statement, the Bank said the emergency fiscal measures would “firmly support Japan’s economic developments toward recovery”. However, the stimulus measures were criticised by some as not sufficient ...




December 1, 2009

Bank of Japan to inject 10tn yen into economy

by Kay Murchie
...




February 19, 2009

Japan leaves interest rates unchanged

by Kay Murchie
”Japan
The Bank of Japan has opted to keep interest rates at 0.1%. Japan‘s economy, which is the world’s second largest, is in its first recession since 2001 and many of its major companies have been hit by the slump in global demand for its products and a strong yen. The Central Bank said economic conditions have deteriorated significantly and are likely to continue deteriorating ...




February 16, 2009

Japan’s economy in worst performance since 1974

by Kay Murchie
Japan's economy in worst performance since 1974
The world’s second largest economy has suffered its worst ever decline in 35 years the Cabinet Office said in Tokyo today. In the period October to December, Gross Domestic Product (GDP) fell 3.3% - the third consecutive quarter in which GDP declined. In comparison, the euro zone suffered a 1.5% decline while the US, which is the world’s largest economy, suffered ...




December 15, 2008

Japanese business confidence falls to 34-year low

by Kay Murchie
”Japanese
Japanese business confidence fell at its fastest rate for 34 years with a confidence index falling from -3 to -24 in the three months to December. The quarterly Tankan survey by the Bank of Japan showed that the sharp rise in the country’s currency and the financial crisis have had a major impact on confidence. The December index was broadly in line ...