Japan's yen hits 34-year-low, heating talk of intervention
The yen hit a 34-year-low on Wednesday, weakening as much as 151.97 against the U.S. dollar and fueling market questions over potential government intervention to prop the Japanese currency.
Masato Kanda in asian news
Yen's purchasing power hits all-time low, at one-third of peak
TOKYO -- Japanese households face a 90,000 yen ($560) increase in their yearly expenses from higher prices for food and energy imports, one estimate shows, as the country's weak currency drains purchasing power.
Analysts expect next Japan forex intervention around 165
TOKYO -- The next round of Japanese government intervention to stop the yen's slide will likely happen if the currency hits 165 versus the dollar, according to Bank of America Securities and Citigroup.
Yen weakens past 160 against the dollar, reigniting intervention speculation
The Japanese yen hit a near-38 year low against the U.S. dollar late Wednesday, raising expectations that authorities could intervene in currency markets again.
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.
Asia stocks mostly fall after cooler-than-expected Japan inflation data; yen nears 159 against dollar
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.
Transcript: Top Japan currency diplomat speaks with Nikkei
TOKYO -- As the U.S. prepares fresh tariffs on Chinese products, Japan's top currency diplomat voiced concern about economic fragmentation "for geopolitical reasons" ahead of a meeting of senior Group of Seven finance officials this week.
Japan top currency diplomat calls for stepping up structural reforms
TOKYO -- Japan needs to take action to make its economy more internationally competitive, Masato Kanda, the country's chief currency diplomat, told Nikkei, urging reform to tackle structural issues.
Japan says it won't rule out any steps to deal with excessive yen swings
TOKYO (Reuters) -- Japanese Finance Minister Shunichi Suzuki on Thursday said authorities would not rule out any steps to deal with excessive exchange-rate swings.
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