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TOKYO — American tourists headed for Japan have surged in 2024, lured by a slump in the value of the yen, which is also driving a massive jump in foreign investor interest in the country's lodgings market.
TOKYO - Tourists are flocking to Japan to scoop up high-end clothes and handbags at a discount thanks to the weak yen currency. Luxury goods companies like Louis Vuitton parent LVMH would rather they stayed home and shopped.
Myanmar's junta is cracking down on gold and foreign exchange traders and agents selling foreign real estate, with 35 arrests announced in the last two days as part of efforts to stabilise its rapidly depreciating currency.
WASHINGTON — Japanese Finance Minister Shunichi Suzuki said on Friday (April 19) authorities would take appropriate action against excessive currency market moves, repeating his warning to investors against pushing down the yen too much.
The Bank of Japan (BoJ) raised interest rates for the first time in 17 years on March 19, bringing an era of negative interest rates to an end. The key rate was hiked from –0.1% to a band from zero to 0.1% – a token effort to offer some tightening after decades of loose but unsuccessful monetary policy.