Tag Archives: Japan

Yen jumps after Abe’s new stimulus measures disappoint

The yen rose sharply on Wednesday, and Japanese equities tumbled after markets reacted negatively to Prime Minister Shinzo Abe’s new growth measures. Investors were waiting to hear more bolder measures, like big cuts in corporate taes to spur investment. Abe unveiled the so-called “third arrow” of measures to spur long-term economic growth in addition to measures of loose monetary...

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June 5, 2013 @ 9:08 am

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Yen firm for third day against dollar

The dollar was trading close to two-week lows against the yen on Monday as volume remained thin due to closed markets in the UK and US. Bank of Japan Governor Kuroda made remarks yesterday that he believes that if interest rates rise as much as 3 percent the economy will not be effected drastically. Meanwhile, the policy meeting minutes of the Bank of Japan’s April meeting showed that a...

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May 27, 2013 @ 1:13 pm

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Yen weakens versus dollar after Amari talks about exchange rate again

The yen resumed weakness against the dollar on Tuesday after Japan’s Economy Minister Akira Amari spoke again to reporters and downplayed comments he said on Monday which sent the Japanese currency tumbling over 1 percent against the dollar. Amari tried to change his remarks when he said the strength has “been corrected a lot” and further weakness may hurt “people’s lives” and it...

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May 21, 2013 @ 7:23 am

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Yen jumps after warnings of excessive decline by Japanese economy minister

The yen crawled back some losses against the dollar in early Monday trading following comments by Japan’s economy minister who warned that excessive decline of the Japanese currency is risky. He added that this pullback has almost been corrected. Minister Akira Amari indicated that further yen weakness could have a negative impact on Japan’s economy. USDJPY tumbled after his remarks...

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May 20, 2013 @ 8:08 am

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