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30th of August 2010
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News Tag: yen

August 30, 2010

Bank of Japan boost lending

by Gill Montia
Bank of Japan boost lending
Bank of Japan (BoJ) has announced new measures aimed at enhancing "easy monetary conditions" and holding back the rise in the value of the yen. Following an unscheduled meeting of its Monetary Policy committee, the Bank is to provide the country's lenders with and additional 10 trillion yen in six-months funds, in a move that will extend a previous loan facility to 30 ...



August 20, 2010

Global stock markets knocked after weak US data

by Kay Murchie
Global stock markets knocked after weak US data
Global stock markets have lost ground today after worse-than-expected weekly jobless numbers from the US yesterday. Furthermore, Tokyo shares were down as speculation mounted that the Bank of Japan would hold an emergency meeting to discuss the strength of its currency, the yen. The yen has hit a 15-month high against the dollar - fuelling concerns about the impact on ...



August 16, 2010

Japanese recovery loses momentum as Q2 growth slows

by Kay Murchie
Japanese recovery loses momentum as Q2 growth slows
Official figures have today revealed Japanese economic growth slowed in the April to June period, as widely expected. The economy expanded by just 0.1% in the three month period - far less than expected by analysts. Meanwhile, on an annual basis, the economy grew by 0.4% in the quarter, down from a revised 4.4% in the previous three months and again ...



August 15, 2010

Japanese growth expected to moderate in Q2

by Kay Murchie
Japanese growth expected to moderate in Q2
Official figures out tomorrow are expected to reveal growth in the world’s number two economy slowed in the April to June period. Japan fell into a severe recession following the global financial crisis but was one of the first major economies to emerge from recession – in the second quarter of 2009 - boosted by exports. However, demand for exports is expected ...



May 19, 2010

Euro sinks further against US dollar

by Kay Murchie
Euro sinks further against US dollar
The euro has fallen against the US dollar and the Japanese yen after Germany banned risky bets on bonds, stocks and credit protection, until March next year. The ban, imposed by the German Government, will apply to the country's 10 most important financial institutions, and is designed to stop the short-selling of euro Government bonds. Short-selling has been blamed for the ...



January 7, 2010

Currency intervention may be required in Japan

by Kay Murchie
Currency intervention may be required in Japan
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, ...



December 29, 2009

Japanese factory output exceeds expectations

by Kay Murchie
”Japanese
Official figures published yesterday revealed Japan's factory output rose for the ninth consecutive month in November. Factory output was up by 2.6% in the month and was slightly above analysts expectations of a 2.5% rise. The rise extended the longest unbroken growth since a 12-month rise to March 1997 and was attributed to growing overseas demand for Japanese goods. However, there was a ...



December 8, 2009

Japan injects further 7.2tn yen into economy

by Kay Murchie
Japan injects further 7.2tn yen into economy
In order to prevent the world’s second largest economy falling back into recession, Japan’s Government is to pump a further 7.2 trillion yen ($81 billion; £48 billion) into the economy. Japan’s economy emerged from recession in the second quarter of 2009 and also experienced positive growth in the third quarter. However, there have been fears that the return of deflation could ...



December 6, 2009

Dollar strengthens, price of gold falls

by Kay Murchie
Dollar strengthens, price of gold falls
The price of gold has ended its run of all-time highs after positive economic US data sent the dollar higher. On Friday, the Labor Department revealed that the US economy lost fewer jobs in November with the unemployment rate falling to 10% from a rate of 10.2% in October. Figures show that US employers cut the lowest number of jobs during the month ...



November 30, 2009

Japanese yen falls after Minister’s comments

by Kay Murchie
Japanese yen falls after Minister’s comments
Last week, the US dollar continued its fall against the Japanese yen, sliding to a 14-year low. The falls led to Japan’s finance minister, Hirohisa Fujii, to say that the Government is monitoring the yen but did not suggest immediate intervention. While a strong yen is good news for the economy, it makes Japanese exports less competitive - but means imports are ...



November 27, 2009

Currency intervention may be required by Japanese Government

by Kay Murchie
Currency intervention may be required by Japanese Government
The US dollar continued its slide today against the Japanese yen, falling to a 14-year low. The greenback dipped to 84 yen - its lowest level since 1995, due in part to the Federal Reserve indicating that US interest rates will remain low. Earlier this week, Yutaka Miura at Mizuho Securities said: “This yen strengthening is caused by dollar selling rather ...



November 26, 2009

US dollar continues to be a turn off for investors

by Kay Murchie
US dollar continues to be a turn off for investors
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 ...



September 29, 2009

Long-term deflation fears as Japan’s consumer prices fall in August

by Kay Murchie
”Long-term
There are fears of long-term deflation in the world’s second largest economy after official figures revealed August core consumer prices fell at a record rate of 2.4% compared with a year ago. It was the fourth consecutive month of record falls and the figures have raised fears that the economy could see a long period of deflation. Deflation ...



September 28, 2009

Yen reaches eight-month high against dollar

by Kay Murchie
”Yen
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 ...



September 17, 2009

BoJ keeps interest rates on hold

by Kay Murchie
”BoJ
The Bank of Japan (BOJ) has elected to keep interest rates on hold at 0.1% and said it’s possible that a stronger yen will support the economy in the long-term. Since June, the yen has climbed 6.7% against the dollar. Following the two day policy meeting, the central bank also upgraded its assessment of the economy with renewed optimism. The economy, which is the ...



April 27, 2009

Stockmarkets hit by swine flu outbreak

by Kay Murchie
”Stockmarkets
Stockmarkets have been hit today by the outbreak of swine flu in Mexico sending airline and travel stocks plummeting while pharmaceutical companies including GlaxoSmithKline, AstraZeneca, Shire and Smith & Nephew have soared. In London, the FTSE 100 index was down 60 points in early trading with the biggest losers including TUI, British Airways and Thomas Cook. Germany's Dax lost 1.6%, while ...



February 9, 2009

Japan corporate bankruptcies up 16% on year

by Kay Murchie
”Japan
New analysis from Tokyo Shoko Research has revealed a 15.8% rise in corporate bankruptcies in Japan, compared with the previous year. For the year to 31 March, the number of bankruptcies among listed companies in Japan hit a record high for any financial year since the Second World War, according to Tokyo Shoko Research. The organisation said that smaller companies have been ...



December 19, 2008

Japan cuts interest rates further in a bid to stave off prolonged recession

by Kay Murchie
Japan cuts interest rates further in a bid to stave off prolonged recession
The Bank of Japan has lowered interest rates today in an attempt to fight off a prolonged recession. The rate was cut from 0.3% to 0.1% - the lowest rate since 2006. Last month, it was announced that the Japanese economy, which is the world’s second largest, was officially in recession - its first in seven ...



October 31, 2008

Bank of Japan makes first rate cut in seven years

by Kay Murchie
”Bank
As widely expected, the Bank of Japan has cut interest rates from 0.5% to 0.3%, the first since 2001. According to analysts, some investors were disappointed that the bank had not cut rates further. There had been hopes of a 0.25% cut. Commenting on the rate cut, the Bank of Japan said the impact of the global financial ...




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