Japanese authorities intervened aggressively in the foreign exchange market during July, spending a substantial 5.53 trillion yen ($36.8 billion) to support the yen. This intervention, confirmed by the Ministry of Finance, followed the yen’s sharp …
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Suntory CEO Calls for Gradual Interest Rate Hikes in Japan
Suntory CEO Takeshi Niinami has urged the Bank of Japan (BOJ) to continue its gradual interest rate hikes, aiming for a 1% rate by next year. Niinami, who also heads one of Japan’s largest business …
Continue readingTokyo CPI Offers Mixed Signals for BOJ Ahead of Policy Meeting
Tokyo’s consumer price index (CPI) data for July presented a mixed bag for the Bank of Japan (BOJ) as it prepares for its policy meeting next week. While core CPI inflation remained at 2.2%, indicating …
Continue readingJapan Intervenes in Currency Market to Prop Up Yen; Analysts See Similarities to May Intervention
Japan has once again intervened in the currency market to support the weakening yen, raising concerns over the currency’s volatility and potential impact on the economy. The move comes as the yen hits 38-year lows, …
Continue readingJapan Hints at Yen Intervention as Currency Surges on Rate Cut Bets
Japan’s government is stepping up warnings about the yen’s weakness and hinted at possible intervention in the currency market. Officials expressed concern about recent yen moves being “out of line with fundamentals” and highlighted the …
Continue readingInflation, Japan, Yen, Import Costs, Interest Rate Hike, BOJ
Japan’s wholesale inflation soared in June, reaching a record high for the seventh consecutive month, driven by a weakening yen and rising import costs. The corporate goods price index (CGPI), which measures prices companies charge …
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