Shinzo Abe — News Archive

    Archives

Japanese Yen Strengthens on Better-Than-Expected Data, BoJ Stimulus

The Japanese yen is strengthening against different currency competitors midweek, buoyed by a plethora of economic data and outlooks that came in much better than initially anticipated. With the federal government set to unveil a comprehensive stimulus package to rescue the world’s third-largest economy from the fallout of the coronavirus pandemic, the yen’s safe-haven appeal may stay intact.

Japanese Yen Gains As Abe Prepares for ‘Boldest-Ever’ Stimulus

The Japanese yen is gaining against its biggest currency competitors to kick off the trading week as the nation braces for details surrounding the government’s “boldest-ever” stimulus package. Japan’s economic situation had been bearish prior to the coronavirus pandemic, but the outbreak has negatively affected the world’s third-largest economy. With the Tokyo Olympic Games postponed until the end of July, it is unclear how Japan can avoid slipping into […]

Japanese Yen Mixed on Tepid Data, Bearish Business Confidence

The Japanese yen is trading mixed on foreign exchange markets on Tuesday as recent economic data pointed to tepid conditions, diminishing overall business confidence. With the coronavirus crippling the world’s third-largest economy, policymakers are discussing a lot of ways to spur growth, including targeting the national sales tax.

Japanese Yen Rebounds Despite Heightened Recession Fears

The Japanese yen is rebounding on Tuesday after the safe-haven currency struggled to hold ground to kick off the trading week due to a disappointing gross domestic product reading. The yen’s jump, despite heightened recession fears, is being driven by decent industrial production in December. All eyes will now be on January trade data and machinery orders in December.

Japanese Yen Mixed As BoJ Leaves Rates Unchanged, Industrial Output Weakens

The Japanese yen is mixed on Tuesday after the central bank announced that it was leaving interest rates unchanged and raising its economic growth forecasts for 2020 and 2021. Tokyo also reported disappointing industrial production and capacity utilization data, despite the federal government spending billions in stimulus.

Japanese Yen Stuck Trading Sideways Against the Weak US Dollar

The Japanese yen today traded in a tight range against the US dollar despite the greenback’s overall weakness against other major currencies. The USD/JPY traded sideways even as the Nikkei 225 equity index closed lower for the day despite the risk-on market sentiment.

Japanese Yen Strengthens Amid Higher PPI, Bank Lending

The Japanese yen is strengthening against multiple currency pairs midweek, driven by better-than-expected banking lending and manufacturing prices. Will this be enough to quash concerns about a possible recession? After last week’s surprise decline in machinery orders, it is unclear where the Japanese economy is heading.

Japanese Yen Rebounds Amid Sales Tax Hike, Renewed Safe-Haven Status

The Japanese yen is rallying against most major currency rivals midweek as the world’s third-largest economy implemented a long-awaited sales tax hike. This comes as Wall Street is forecasting the yen will enjoy a monumental rally to finish off the year amid the chaos unfolding in global markets. Are investors dismissing the weak data this week?

Japanese Yen Mixed As Manufacturing Weakens, BOJ Nudged to Ease

The Japanese yen is mixed midweek as new data is sending signals that the nation’s manufacturing sector is weakening. With uncertainty engulfing the global economy and Japan potentially facing a recession, the Bank of Japan (BOJ) is being pushed to be more accommodative by easing monetary policy. Prime Minister Shinzo Abe assured financial markets that Japan will not be a drag on the rest of the world, suggesting that he […]

Japanese Yen Weakens Despite Better Q1 GDP Amid Higher Business Spending

The Japanese yen is weakening against several major currencies on Tuesday, despite upbeat economic data and positive news that should strengthen the safe-haven currency. So far this year, the yen has made commendable gains against a basket of rivals, attracting investors fleeing from geopolitical tensions and trade strife.

Navigation

Menu