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TOKYO -- The yen is caught in a historic stretch of weakening that shows no sign of ending even after the Bank of Japan's first interest rate hike in 17 years, thanks to the persistently strong dollar backed by protectionist U.S. policies.
TOKYO – The costs of a chronically weak yen just grew by US$18 trillion as China’s economy, Asia’s biggest, may be joining the race to the bottom.
Japan's top currency diplomat on Monday warned against speculators trying to sell off the yen, saying its weakness did not reflect fundamentals, in the latest warning about the currency's "big slide" against the dollar.
TOKYO (Reuters) -- Japan's top currency diplomat said on Monday that the yen's current weakness did not reflect fundamentals, in the latest warning about the yen's "big slide" against the dollar.
TOYOTA -- Japanese wholesale prices for imported beef have hit the highest level since the market was opened up in 1991, as a drought in southern U.S. states curtails supply, prompting restaurants to weigh price hikes.
TOKYO -- The yen weakened to the upper 151 range against the dollar during Asian trading on Wednesday, approaching a more than three-decade low despite the Bank of Japan ending negative interest rates.
SINGAPORE (Reuters) -- The yen languished near a four-month low against the U.S. dollar and a 16-year trough against the euro on Wednesday, a day after the Bank of Japan's widely anticipated decision to end its negative interest rate policy.
Japanese authorities may intervene if the yen sinks to 155 to 160 against the dollar, according to a former top foreign exchange official Eisuke Sakakibara.