Weaker yen, costly oil push Japan’s trade deficit higher
2 years, 8 months ago

Weaker yen, costly oil push Japan’s trade deficit higher

Associated Press  

Japan’s weakening yen raised further alarm in Tokyo on Wednesday as the government reported a bigger-than-expected trade deficit largely due to soaring costs for imports of oil, food and other necessities. Earlier, the concern was that the dollar would rise to the 130 yen level by the year’s end, Richard Katz, editor-in-chief of The Oriental Economist, said in a commentary. Japan’s exports climbed 15% in March to 8.46 trillion yen, helped by a recovery in demand as coronavirus outbreaks wane and governments lift pandemic restrictions on travel and other activity. Japan’s bill for imports of fuels such as oil, gas and coal surged 87% in the last fiscal year, the figures showed.

Japan Japanese Imports Billion Yen Weak Costly Oil  deficit  costly  oil  japans  billion  dollars  prices  push  higher  yen  rates  trade  weaker  weak  exports  imports

History of this topic

Japan Intervened Twice Last Quarter to Bring Yen Below 160
1 month, 2 weeks ago

Japan Intervened Twice Last Quarter to Bring Yen Below 160

Live Mint  

Japan said it stepped into the foreign exchange market twice last quarter, as speculation grows that more moves may be brewing given the recent bout of renewed yen weakness. Before the government took action in July the yen was trading past 160 per dollar, a 38-year low, partly driven by speculators betting on the wide borrowing cost gap between Japan …

Japan records trade deficit as surging global prices pushes imports higher
4 months ago

Japan records trade deficit as surging global prices pushes imports higher

Associated Press  

TOKYO — Japan racked up a 621 billion yen trade deficit in July, as prices of imports surged, according to government data released Wednesday. Japan’s imports grew nearly 17% from a year ago to 10.2 trillion yen, while exports grew 10% to 9.6 trillion yen, the Finance Ministry said. Exports grew to the U.S., China and Brazil, but auto exports …

Yen Rallies Against Dollar, Outstripping Most of Its G-10 Peers
4 months ago

Yen Rallies Against Dollar, Outstripping Most of Its G-10 Peers

Live Mint  

The yen outperformed most of its peers in the Group of 10 Monday, rallying against the dollar in jittery trading ahead of key central bank events later in the week. The rally came amid broad weakness in the dollar, with investors on edge before Bank of Japan Governor Kazuo Ueda appears in parliament on Friday, and Federal Reserve Chair Jerome …

The financial markets will disappoint your yen for stability
4 months, 2 weeks ago

The financial markets will disappoint your yen for stability

Live Mint  

As we go to press Thursday financial investors are already choosing to forget the tremors that hit global markets Monday. Then there’s the infamous yen carry trade: the process by which an investor borrows yen at Japan’s ultralow interest rates to invest in a foreign market at a higher interest rate. Globally, net credit in yen extended by a bank …

Japan's trade deficit for first half declines as exports recover
5 months ago

Japan's trade deficit for first half declines as exports recover

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Japan posted a trade surplus …

Japan signals it may prop up yen after currency falls to 38-year low
5 months, 3 weeks ago

Japan signals it may prop up yen after currency falls to 38-year low

Al Jazeera  

Japan has signalled it may intervene to prop up the yen after the currency fell to a 38-year low against the US dollar. “We are watching moves with a high sense of urgency, analysing the factors behind the moves, and will take necessary actions.” The Japanese finance chief made his comments after the yen weakened to 160.88 against the dollar …

Japan’s exports surge 13.5% in May, helped by cheap yen and strong demand in US, Asian markets
6 months ago

Japan’s exports surge 13.5% in May, helped by cheap yen and strong demand in US, Asian markets

Associated Press  

TOKYO — Japan’s exports surged 13.5% in May, faster than expected growth helped by a weak yen and strong demand in the U.S. and Asia. Finance Ministry data reported Wednesday showed that the trade deficit totaled 1.22 trillion yen, down nearly 12% from 1.38 trillion yen a year earlier. In fact, “most of the increase in trade values over the …

Japan’s economy shrank more than expected in the first quarter
7 months, 1 week ago

Japan’s economy shrank more than expected in the first quarter

Associated Press  

TOKYO — The Japanese economy shrank at an annual rate of 2% in the first quarter of this year, as consumption and exports declined, the government said Thursday. Although unemployment has stayed relatively low in the world’s fourth largest economy at about 2.6%, wage growth has been slow and prices have risen partly due to weakness of the yen against …

Why is Japan’s yen falling and why is it so weak against the US dollar?
7 months, 3 weeks ago

Why is Japan’s yen falling and why is it so weak against the US dollar?

Al Jazeera  

The weakness of the Japanese currency is back in the spotlight after sinking to its lowest level since April 1990. The yen recovered to 155.01 per dollar later in the day, prompting speculation that Japanese authorities had intervened to prop up the value of the currency. “Also, market expectations rapidly changed on the Fed’s monetary policy.” The gap in interest …

Japan’s yen surges after sinking to lowest level against dollar since 1990
7 months, 3 weeks ago

Japan’s yen surges after sinking to lowest level against dollar since 1990

Al Jazeera  

Japanese currency sinks to 160.17 per dollar before rising to 155.01 amid speculation of intervention by authorities. The yen on Monday sank to 160.17 per dollar, the lowest since April 1990, setting off murmurs that Japanese authorities could intervene to prop up the currency for the first time since late 2022. The yen has been on a near continual slide …

Japan records a trade deficit for the third straight fiscal year despite recovering exports
8 months, 1 week ago

Japan records a trade deficit for the third straight fiscal year despite recovering exports

Associated Press  

TOKYO — Japan recorded a trade deficit for the third straight fiscal year as the costs of energy and other imports rose and the yen remained weak. The deficit was 5.89 trillion yen for the fiscal year that ended in March, according to Finance Ministry data released Wednesday. Annual exports to China slipped slightly, declining for the first time in …

Japan’s exports rise nearly 8% in February on strong shipments of cars and machinery
9 months ago

Japan’s exports rise nearly 8% in February on strong shipments of cars and machinery

Associated Press  

TOKYO — Japan’s exports rose 7.8% in February from a year earlier on strong shipments of cars and electrical machinery, the government said Thursday. Exports in February totaled 8.2 trillion yen, marking the third straight month of growth, according to preliminary customs data. The picture for imports was mixed, with China supplying 1.7 trillion yen, a nearly 17% annual increase …

Japan's exports surge 10% in December on strong demand for autos, revived trade with China
11 months ago

Japan's exports surge 10% in December on strong demand for autos, revived trade with China

The Hindu  

Japan's exports surged almost 10% in December from a year earlier, helped by a revival in trade with China and strong demand for vehicles, machinery and computer chips. A weak Japanese yen has helped export manufacturers like Toyota, Honda and Sony, though it increases the costs of imports of key commodities like oil and gas needed to fuel the world's …

Japan records a trade deficit in August as exports to China, rest of Asia weaken
1 year, 3 months ago

Japan records a trade deficit in August as exports to China, rest of Asia weaken

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Japan unveils record 114.4 trillion-yen budget in fresh boost to military capacity
2 years ago

Japan unveils record 114.4 trillion-yen budget in fresh boost to military capacity

Firstpost  

Endorsed by Prime Minister Fumio Kishida’s cabinet on Friday, the highlights of the budget include record expenditure earmarked for defence and welfare spending for a country that has an ageing population. Tokyo: Japan on Friday announced a budget of 114.4 trillion yen for the next fiscal year beginning April, marking increased military spending and higher social security costs for its …

Yen plunges to new 24-year low against US dollar
2 years, 3 months ago

Yen plunges to new 24-year low against US dollar

Al Jazeera  

One dollar was worth more than 140 Japanese yen for the first time since 1998 in European afternoon deals. One dollar was worth more than 140 yen for the first time since 1998 in European afternoon deals on Thursday, as the greenback also strengthened against other currencies, boosted by the ever-widening gap between the yields on US and Japanese government …

Japan’s economy contracts, but at smaller rate than thought
2 years, 6 months ago

Japan’s economy contracts, but at smaller rate than thought

Associated Press  

TOKYO — The Japanese economy contracted in the first quarter, but at a slower pace than earlier estimated, the government said Wednesday. Some analysts say Japan has gradually lost its competitive edge because it hasn’t done enough to nurture innovation and free up new sources of growth bridled by old-time bureaucracies. Although a weak currency is a boon for Japanese …

Japan’s weaker yen a blessing to some, burden for others
2 years, 6 months ago

Japan’s weaker yen a blessing to some, burden for others

Associated Press  

TOKYO — The Japanese yen has weakened, trading in recent weeks at 20-year lows of 130 yen to the U.S. dollar just when prices of oil and other goods are surging partly due to the war in Ukraine. Operating profit at Japan’s top automaker Toyota Motor Corp. got a hefty 610 billion yen windfall from the favorable exchange rate. “For …

World shares sink after inflation driven retreat on Wall Steet
2 years, 7 months ago

World shares sink after inflation driven retreat on Wall Steet

Firstpost  

The sentiment in the market is highly negative as traders and investors are largely concerned about an economic downturn and soaring inflation, said an expert Tokyo: Shares declined in Europe and Asia on Thursday after a broad retreat on Wall Street triggered by worries over the impact of persistent high inflation on corporate profits and consumer spending. Germany’s DAX lost …

China buoys outlook for Japan exports
3 years, 11 months ago

China buoys outlook for Japan exports

China Daily  

The pre-pandemic throngs of tourists are absent on Monday from a street leading to a popular temple in Kyoto, Japan. BUDDHIKA WEERASINGHE/GETTY IMAGES Brighter December, with boost from neighbor, offers hope for trade pickup Soaring demand from China lifted Japan's exports to their first monthly increase in more than two years in December, government data showed, offering a glimmer of …

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