25-year weak yen obsession is blowing up on Tokyo
Currency traders betting on a rebound in the yen would be wise to look past the officials currently in charge and listen instead to policy veterans who know better.
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Currency traders betting on a rebound in the yen would be wise to look past the officials currently in charge and listen instead to policy veterans who know better.
TOKYO -- Family offices are on the rise in Japan as business owners and their families seek a one-stop solution to concerns ranging from protecting family assets from inflation to tax planning.
TOKYO -- The yen should not be considered a safe-haven currency and its recent decline against the dollar can only partially be attributed to the Japan-U.S. interest rate gap, Hiroshi Watanabe, former vice minister of finance for international affairs, told Nikkei in a recent interview.
Asia-Pacific markets mostly fell on Friday after Japan's May core inflation data came in slightly cooler than expected, jeopardizing the country's plans to raise interest rates.
TOKYO -- Currency interventions by Japanese authorities appear to be having little effect on the yen's weakness against non-U.S. currencies, as carry trades drive the yen to historic lows against the Swiss franc, British pound and more.
TOKYO -- Japan's department store sector is soaring on strong demand from wealthy consumers and foreign tourists drawn to the country by the weak currency, now hovering in the upper 150 yen range to the dollar.
TOKYO -- Corporate governance reform in Japan is "unlocking enormous value within companies," says Joseph Bae, co-CEO of U.S.-based investment firm KKR, which looks to spend more than 1 trillion yen ($6.34 billion) in Japan over the next decade.
Japan had more than 3 million visitors for a third straight month in May, official data showed on Wednesday, as the weak yen helped continue a record pace for inbound tourism.