Japan's yen has weakened significantly, prompting officials to consider intervention to address the situation. The Bank of Japan is concerned about the yen's fall to a 34-year low and its impact on the economy, with exporters contributing to the currency's decline by keeping forex earnings overseas. Despite the BOJ's recent rate hike, the yen continues to slide against the U.S. dollar, leading to discussions on the reasons behind the currency's weakness.
BOJ's rate hike leaves wide yield gap with U.S., Europe, causes yen to slide https://t.co/y695B5Wsuq
BREAKING NEWS THE CHIEF OF JAPAN’S BANKING ASSOCIATION SAYS JAPAN’S ECONOMY IS AT RISK FROM PRICE PRESSURES FROM ITS TWO LARGEST TRADING PARTNERS, CHINA AND THE UNITED STATES The circus is coming to town.
On topic: Why is the Japanese yen so weak? A collection of stories on current hot topics https://t.co/AUvj9WHo5F
With many exporters now using their forex earnings overseas, yen buying has become less prominent during Tokyo trading hours. In 2023, yen selling outpaced purchases for a third straight year, sending the currency lower, and the trend continues this year. https://t.co/Cq1Bt1OEE4 https://t.co/yteQ8YBrCC
Yen falls on Japan Inc.'s reluctance to repatriate profits. https://t.co/vjfPcw5VPn
The Japanese yen is continuing to slide against the U.S. dollar despite the Bank of Japan ending its negative interest rate policy on March 19. Why is the yen falling, and what does this mean for Japan? https://t.co/rKa9RdcALk
On topic: Why is the Japanese yen so weak? https://t.co/BzsuXsPWlO
Markets Weekly March 30, 2024 Japan Losing Control Over Yen New insight on pandemic retirements Lessons from Revolutionary France https://t.co/Q38d8V3YlD
Japanese markets after the BoJ Japanese equities join JGBs as the new widow maker @insteconomics https://t.co/sXhKLDxvpL
Yen falls on Japan Inc.'s reluctance to repatriate profits https://t.co/iq39t8tJRd
Yen's fall to 34-year low unlikely to prod BOJ to tighten policy soon https://t.co/l0EINI6m2e
Japan’s top currency official says recent yen weakness is odd and out of line with current economic fundamentals, reaffirming his commitment to act if needed to prevent excessive swings in the exchange rate https://t.co/39amxLoIIm
Japan has now signalled that officials are on standby to intervene in the market to address the yen. Gold is at record highs in Japan. The Bank of Japan has distorted its capital markets, and the world will feel the effects.