Business | Oct 13

Japan warns on yen sell-off as dollar's surge continues

TOKYO, Oct 13 (asiafinancial.com) - Japan's lawmakers have issued their strongest warning yet to investors selling the yen after the US dollar soared to a new 24-year high against the currency.

The US currency rose to 146.35 yen, a level not seen since August 1998 during the Asian financial crisis, moving above levels that triggered intervention by Japanese authorities last month to stem excessive yen weakening.

Currency intervention is costly and success in influencing the yen's value in the huge global foreign exchange market is not guaranteed.

Investors also doubt the point of intervention given that the dollar's strength has been driven by interest rate differentials due to widely divergent US and Japanese monetary policy. ...continue reading

MORE Business NEWS

Google Sanctioned by Japanese Regulators for Limiting Competitor Ads

In a historic move, the Japan Fair Trade Commission (JFTC) has issued its first administrative sanction against American tech giant Google.

"V-Point" Debuts, Fueling Japan's Point System Competition

The "V-Point" service, now Japan's largest point-based loyalty program, officially began on Monday, boasting approximately 150 million members.

Japan's GDP Ranking to Drop to Fifth as India Surges Ahead

According to estimates from the International Monetary Fund (IMF), Japan's nominal GDP is projected to reach approximately $4.31 trillion by 2025.

< 2 3 4 5 >

Sakura Tree Collapses on Teacher at Kyoto Tourist Spot

A cherry tree located at one of Kyoto's busiest pedestrian streets, Sanneizaka, a main pathway to Kiyomizu Temple, suddenly fell at 11:45 AM on Tuesday, trapping a school teacher beneath.

Princess Aiko Attends Her First Spring Garden Party

The biannual Spring Garden Party, hosted by the Emperor and Empress, took place at Tokyo's Akasaka Imperial Garden on Tuesday, with Princess Aiko gracing the event, warmly engaging with the guests.

Tsukiji Market Site to Transform into 50,000-Seat Stadium

The site of the former Tsukiji Market is set for a major transformation, including a stadium with a capacity of 50,000 people and a launch pad for flying cars.

"Riri-chan" Sentenced to 9 Years in Prison

The Nagoya District Court delivered a severe sentence on Monday to Mai Watanabe, 25, who operated under the alias "Itadakijoshi Riri-chan (Riri the sugar baby)" and was charged with fraudulently obtaining cash from men. She has been sentenced to nine years in prison and fined 8 million yen.

Google Sanctioned by Japanese Regulators for Limiting Competitor Ads

In a historic move, the Japan Fair Trade Commission (JFTC) has issued its first administrative sanction against American tech giant Google.