The accelerating slide in the value of Japan’s currency could ultimately be bad news for people in Japan who are heavily reliant on importsThe value of Japan’s currency has tumbled so much, that its value is back to where it was in 1990, shortly after Japan’s famous “bubble economy” burst. For a moment on Monday it was trading at 160 yen to US$1. A few years ago, it was closer to 100 yen to US$1.The yen’s accelerating slide could ultimately be bad news for people in Japan. A weaker yen squeezes...
TOKYO >> As the United States faces security threats across the globe, its close ally Japan has committed to stepping up as a trusted defense partner, but Tokyo’s cyber and information security vulnerabilities remain a concern, officials and experts say.
"It's fabulous because you don't even need to look at prices when you shop now because you know you're having you know ¥ 152 to the dollar. It's like everything's so cheap, especially the food."
The yen jumped against the dollar today, with traders citing yen-buying intervention by Japanese authorities as a trigger for the bounce in a currency languishing at levels last seen over three decades ago.
The yen's sudden surge against the U.S. dollar, suspected by financial markets to be the result of fresh intervention by Japanese authorities, will likely keep currency traders jittery and ensure they have second thoughts about aggressively selling the Japanese currency, at least for now. While there was no official word
NEW YORK/TOKYO >> The yen jumped against the dollar late today, with traders on high alert for signs of intervention by Japanese monetary authorities to boost a currency languishing near 34-year lows.
The Shiba Inu price, along with the rest of the crypto market, has suffered uncertain headwinds as a result of massive sell-offs suppressing the price. However, with the month of April drawing to an end, crypto investors are expecting the price direction. One way of getting an idea of where the price might be headed […]
Japan is a beloved tourist spot. A weak currency is ensuring that it will remain that way for foreigners.The country just broke its pre-pandemic tourist record, with 3.1 million foreign visitors in March. The government said it's on track to surpass 2025's target of 32 million annual foreign visitors this year, after 8.6 million tourists visited in the first quarter of 2024.Japan opened to tourists in October 2022, after over two years of strict, pandemic-induced border restrictions. Pent-up...
The U.S. last week acknowledged Japan and South Korea's "serious concerns" over the recent sharp depreciation in their currencies.
The yen has become stuck around a 34-year low against the dollar after months of declines, increasing concern the currency is becoming a liability for Japan’s economy and stocks.
As Tesla gears up to report what will likely be unimpressive financial results for the first quarter on Tuesday, the company is making more moves to go “balls to the wall for autonomy,” as CEO Elon Musk put it last week in a post on X. Over the weekend, Tesla dropped the price of its […]
The yen swung in holiday-thinned market conditions, punching through 160