Yen surges as carry trades unwind amid market turbulence
Against the dollar, the yen climbed 0.7% to ¥152.81, reaching its highest point since May at ¥152.23 earlier in the day.
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Japanese officials silent on yen surge amidst global financial meet
The yen’s ascent, surpassing a 1% increase on Wednesday to its strongest position since May, reflects a widespread unwinding of short-yen positions ahead of the upcoming Bank of Japan policy review.
Japan’s duty-free sales surge as Chinese tourists return amid weak yen
Duty-free sales at Japan's department stores soared in May, tripling compared to last year, fueled by an influx of Chinese tourists and a weakened yen, bolstering the retail sector's recovery.
Japan prepares for swift action against volatile currency movements
Japan’s top currency diplomat affirmed the nation's readiness to intervene in response to erratic currency fluctuations. This statement highlights Japan's commitment to stabilizing its currency amidst global economic uncertainties.
Japan’s real wages decline for second consecutive year, pressuring household purchasing power
Japan's Ministry of Health, Labour and Welfare reported a 2.2 per cent decline in the country's monthly average real wages, continuing a two-year trend. This challenges households' purchasing power amid inflation outpacing wage growth.
Inflation impacts Japan’s Golden Week: Decreased domestic travellers
During Japan's Golden Week holiday, domestic travel saw a decline, particularly in rural areas, attributed to rising prices. Exceptions included Fukui, benefiting from its inclusion on the extended Hokuriku Shinkansen line.
Japanese government panel warns of weak yen consequences, calls for BOJ action
Private-sector advisers urge the Bank of Japan to counteract the yen's depreciation to prevent accelerated inflation, emphasizing sustainable policy measures.
Nikkei extends rally to new 34-year high, pause signals measured optimism
The rapid run-up has sparked concerns about overheating. Technical indicators suggest the market is overbought, and a correction could be on the cards.
Japanese Authorities Ready To Act As Yen’s Decline Sparks Concerns About Excessive Volatility
The country is prepared to take necessary measures to address excessive currency market fluctuations, according to the country's chief currency official. Kanda, voiced his apprehension about the swift depreciation of the yen against the U.S. dollar, emphasizing Japan's vigilance in the matter.
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