In recent months, the prices of essential items in Japan have continued to rise due to the weakened Japanese yen and the impact of higher resource prices. Meanwhile, the number of corporate bankruptcies in Japan has risen for 10 consecutive months as companies struggle with rising costs. According to data released by Japan’s Ministry of…
Japan’s Inflation Hits 17-Month High, Fueling Continued Rise in Corporate Bankruptcies
Japan Admits It Intervened in Forex Markets Twice Last October to Prop Up Yen
TOKYO—Japan confirmed on Tuesday that it made record interventions in the foreign exchange market in October, selling the dollar worth 6.35 trillion yen ($48 billion) to support the yen currency, Ministry of Finance (MOF) data showed. The quarterly data showed a steep drop in the yen to a 32-year low of 151.94 to the dollar on…
Japan Raises 10-year Bond Yield Limit, Signaling Possible Shift in Monetary Policy
The Bank of Japan announced on Dec. 20 that it was raising the ceiling on its 10-year government bond yield from 0.25 percent to 0.5 percent. Japan’s economic average plunged that afternoon, and the Japanese yen rose in response, signaling investors that the last country with negative interest rates was going to start ending its…
No Decline of US Dollar Expected Anytime Soon
May 5, 2022
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The Federal Reserve has had an artificial demand boost due to likely supply shortages expected as a result of the COVID-19 pandemic leading to a near double-digit inflation, the dollar-decline voices have also re-emerged. Such voices have not been heard for some decades. The first time could date back to the early 1970s when the…
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