Japanese Finance Minister Frets About 'Hectic' Yen Swings
Japanese Finance Minister Shunichi Suzuki on Tuesday reiterated the need for currencies to move stably reflecting fundamentals, describing recent yen swings as "hectic", highlighting the complication for authorities in responding to sharp currency moves.
Japan Finance Minister Warns Vs Speculative Moves Behind Rapid Yen Weakening
Japanese Finance Minister Shunichi Suzuki warned on Friday against "speculative moves" seen behind a rapid yen weakening, using the strongest wording to the day as the yen weakened to fresh 24-year lows beyond 139 yen to the dollar.
More Japan Firms To Pass On Costs Of Rising Commodity Prices, Weak Yen- Reuters Poll
Four out of five large Japanese firms are passing on higher commodity costs to customers or intend to do so, a Reuters poll found, a sharp rise from the previous survey six months ago as surging input prices and a weak yen drive up import costs.
Japan's Kanda Reappointed As Top FX Diplomat Amid Markets Jitters
Japan has reappointed Masato Kanda as vice finance minister for international affairs, the country's top currency diplomat, as part of a mid-year personnel reshuffle, the Ministry of Finance said on Friday.
Japan Finance Minister Says Will Work With BOJ On Possible Steps To Curb Yen Slump
Japanese Finance Minister Shunichi Suzuki on Tuesday reiterated his concerns about the recent rapid yen weakening, saying the government will coordinate any appropriate steps with the Bank of Japan as the currency slid to 24-year lows to the dollar.
Japan's Current Account Surplus Shrinks On Record Imports
Japan's current account surplus shrank sharply in April as record imports overwhelmed exports, swinging the trade balance into the red, data showed on Wednesday, stoking some concerns about the country's long-term purchasing power.
Japan Q1 Corporate Capital Spending Rises 3%, Led By Manufacturers
Japanese firms raised capital spending for a fourth straight quarter from January to March, underscoring the resilience of business investment led by manufacturers despite uncertainty over the COVID-19 pandemic and the war in Ukraine.
Japan Drops Target Date To Balance Budget In Mid-year Draft Roadmap
Japan dropped a timeframe for balancing its primary budget in a draft mid-year economic policy roadmap on Tuesday, in an apparent move to meet growing calls for stimulus spending to reflate the pandemic-hit economy.
Helped By Weak Yen, Japan Remains Top Creditor Nation With Record Net External Assets
Japan's net external assets hit a record 411 trillion yen ($3.24 trillion) in 2021, to retain its position as the top creditor for 31 years in a row, the Ministry of Finance (MOF) said on Friday.
Japan's Finance Minister Says Addressing Rising Cost Of Living, As Extra Budget Debated
Urgent steps will be taken to ease pain caused by the surging cost of living in Japan, and to help the economy recover from the ill-effects of COVID, Finance Minister Shunichi Suzuki said as he presented a supplementary budget to parliament.
IMF Urges Asia To Be Mindful Of Spillover Risks From Tightening
Asian economies must be mindful of spillover risks as a decade of unconventional easing policies by major central banks is unwound faster than expected, International Monetary Fund(IMF) Deputy Managing Director Kenji Okamura said.
Exclusive-Japan Inc Turns Against Central Bank's Monetary Stimulus, Reuters Survey Shows
More than 60% of Japanese companies want the central bank to end its policy of massive monetary easing this fiscal year due to pain from the weak yen, with roughly a quarter calling for it to take action now, a Reuters survey shows.
BOJ Deputy Vows To Maintain Monetary Stimulus Despite Price Pressures
The Bank of Japan must maintain current monetary stimulus to create sustainable increases in prices, corporate profits, jobs and wages, its deputy governor said on Tuesday, dismissing speculation about an early exit from accommodative settings.
Asian Economic Powers Warn Of Risks From War, Monetary Policy Normalisation
East Asian economic leaders warned on Thursday of risks to the region's outlook and pledged to remain committed to market stability and sound fiscal policy.
Japan's Current Account Surplus Widens On Large Investment Gains
Japan's current account surplus widened in March, finance ministry data showed on Thursday, easing some concerns about the country's balance of payments as hefty gains in investment incomes more than offset surging fuel costs.
Exclusive-Three-quarters Of Japan Firms Bemoan Current Yen Weakness As Bad For Business
More than three-quarters of Japanese firms say the yen has declined to point of being detrimental to their business, a Reuters poll found, with almost half of companies expecting a hit to earnings.
Three-quarters Of Japan Firms Bemoan Current Yen Weakness As Bad For Business
More than three-quarters of Japanese firms say the yen has declined to the point of being detrimental to their business, a Reuters poll found, with almost half of companies expecting a hit to earnings.
Japan To Unveil Further Sanctions On Russia After Coordinating With G7, PM Says
Japan will unveil further sanctions against Russia for its invasion of Ukraine as early as Friday after coordinating with Group of Seven (G7) allies on further punitive steps, Prime Minister Fumio Kishida said on Thursday.
Japan MOF Panel Recommends Revoking Russia's Most-favoured-nation Status
An advisory panel to Japan's finance minister on Tuesday recommended that the law should be changed to revoke Russia's most-favoured-nation trading status following Moscow's invasion of Ukraine.
Japan Policymakers Warn Against Rapid Yen Weakening
Japan will carefully watch foreign exchange market moves to avoid "bad yen weakening", Minister of Finance Shunichi Suzuki said on Tuesday, as Tokyo tries to navigate the economic impact of the rapidly rising cost of imports from a weakening currency.
Japan, US To Communicate Closely On FX As Yen Hits 6-year Low
Japan and the United States agreed to communicate closely on currency issues, Japan's top currency diplomat said on Tuesday in his strongest statement yet since the yen's decline to six-year lows against the dollar.
Japan Eyes More Stimulus As Record Budget Clears Parliament
Japan stands ready to take further stimulus steps as economic and financial market uncertainty emerges over the Ukraine crisis, policymakers said on Tuesday, as parliament approved a record $900 billion state budget for the next fiscal year.
Nearly 70% Of Japan's Companies See Hit To Earnings From Ukraine Crisis - Reuters Poll
Nearly 70% of Japanese firms expect the fall-out from the crisis in Ukraine to hurt earnings, a Reuters poll showed, with a majority of those citing a surge in oil prices as their primary concern.
Nearly 70% Of Japan's Companies See Hit To Earnings From Ukraine Crisis
Nearly 70% of Japanese firms expect the fall-out from the crisis in Ukraine to hurt earnings, a Reuters poll showed, with a majority of those citing a surge in oil prices as their primary concern.
Japan Inc Expected To Announce Modest Wage Hikes After Annual Talks
Japan's top firms are set to offer pay rises of around 2% or more as annual labour talks wrap up on Wednesday, a boost from last year's razor-thin increase that is still unlikely to kick-start demand in the moribund economy.
Japan Inc Hikes Pay By More Than 2%, Not Enough For A Big Economic Boost
Japan's top firms have offered pay rises of more than 2% at annual wage talks that wrapped up on Monday, marking an uptick from the previous year but still falling short of Prime Minister Fumio Kishida's request for a bigger increase to spur growth.
Japan Inc To Announce Modest Wage Hikes After Annual Talks
Japan's top firms have offered pay rises of around 2% or more as annual labour talks wrap up on Wednesday, a boost from last year's razor-thin increase but still unlikely to kick-start demand in the moribund economy.
Toyota To Meet Union Demands For Pay Hikes In Positive Sign Of Growth
Toyota Motor Corp agreed on Wednesday that its union demand for annual salary and bonus hikes will be fully met in the new fiscal year, President Akio Toyoda said.
Japan Logs Biggest Current Account Deficit Since 2014 As Oil Import Costs Surge
Japan recorded its largest current account deficit since the start of 2014 in January as a jump in oil import costs offset gains in investment income, with continuing uncertainty due to the Ukraine crisis and COVID-19 pandemic.
Japan To Freeze Assets Of Four More Russian Banks From April 2
Japan will freeze the assets of four additional Russian banks from April 2, Finance Minister Shunichi Suzuki said on Thursday, taking to seven the total number Tokyo has slapped with such sanctions.