Japan’s exports surge 13.5% in May, helped by cheap yen and strong demand in US, Asian markets
TOKYO (AP) — Japan’s exports surged 13.5% in May, faster than expected growth helped by a weak yen and strong demand in the U.S. and Asia.
Yen asian news
Japan defense spending plan takes 30% hit from weak yen
TOKYO -- Japan's five-year, 43 trillion yen defense buildup risks being undermined by a weak yen that has cut roughly 30% off the dollar value of this spending in the past 18 months.
Yen weakens as BOJ gives no details on JGB purchase cut
TOKYO -- The yen weakened below 158 yen to the dollar on Friday afternoon, immediately after the Bank of Japan announced that it will cut its Japanese government bond (JGB) purchases, but not immediately, following its monetary policy meeting.
Japan's recent yen-buying intervention hit record level
TOKYO -- Japan has confirmed that it stepped into the foreign exchange market to support its currency against the dollar about a month ago, with the Ministry of Finance on Friday reporting it bought 9.788 trillion yen ($62.2 billion) during the five-week period between April 26-May 29.
Japan blue chips warn of possible $1.7bn hit to profit from yen swings
TOKYO -- Major Japanese companies see exchange rate shifts denting operating profit by 266.7 billion yen ($1.7 billion) in fiscal 2024, a sharp downturn from the boost provided by the yen's weakness last fiscal year.
$20,000 annual pay: Japan's weak yen drives away Asian talent
TOKYO -- With the yen hovering around 157 against the dollar, the Japanese currency's rapid depreciation has created problems for the country beyond costly imports, including by depressing wages in dollar terms and driving away foreign talent.
Yen weakens to 157 against dollar, touching 3-week low
TOKYO -- The yen weakened past 157 yen to the dollar on Thursday, reaching a three-week low after a U.S. purchasing managers index showed accelerated business activity.
Japan's weak yen hindered by costly energy, raw material imports
TOKYO -- As the Japanese currency endures a prolonged slump, an often overlooked factor involves the yen selling linked to trade and the related outflow of money from Japan.