The Japanese yen has had a wild movewith USD/JPY briefly rising above the 125.00 level on Monday, before correcting lower to the 123.00/124.00 region. The Japanese authorities have begun to express some concern about the high volatility of the yen, which could offer some support to the coin. Still, ING economists believe USD/JPY can go […]
Tag: Japan
Japan will ask the country’s companies to refuse to pay in rubles
Japan will ask the country’s companies to refuse, if Russia so requests, to pay in rubles for their financial transactions, especially in the energy sector, said today the secretary general of the Japanese cabinet Hirokazu Matsuno. Moscow announced last week that “hostile” countries to Russia should pay in rubles, not euros, for Russian gas after […]
Japanese Yen sinks to seven-year low amid BoJ-Fed deviation
The Japanese yen plunged to a seven-year low on Monday against the US dollar as the Bank of Japan continues to “loosen” its monetary policy, while the US Federal Reserve has entered monetary tightening cycle. The yen was down as much as 2.4% earlier, the biggest daily drop since March 2020, to 125.09 yen against […]
Japan sees an increasing likelihood that Russia will use nuclear weapons
Japanese Prime Minister Fumio Kishida said today that the prospect of Russia using nuclear weapons was “increasingly real” and welcomed the visit of the US ambassador to Hiroshima, the first city to be attacked with nuclear weapons. Japan, the only country to have been attacked with atomic weapons, has repeatedly stated its opposition to nuclear […]
Russia is conducting military exercises on disputed islands with Japan
Russia is conducting military exercises on Tokyo-claimed islands, Japanese media reported on Saturday, a few days after Moscow cut off peace talks with Japan over sanctions imposed on it over Russia’s invasion of Ukraine. Russia’s Eastern Military District says it is conducting military exercises in the Kuril Islands with more than 3,000 troops and hundreds […]
We will examine currency movements, including the recent decline in the yen and its impact on the economy.
Japanese Finance Minister Shunichi Suzuki commented this Friday morning, according to Reuters, on the volatility of the foreign exchange market and its impact on the country’s current account deficit, which in turn impacts the economy. Featured Comments Currency stability is important, strong volatility is undesirable. The government will keep an eye on Japan’s current account […]
Additional sanctions against Russia were announced by the Japanese Prime Minister
Japan is preparing to take additional sanctions against Russia, Prime Minister Fumio Kishida said on Thursday after meeting with leaders of the other G7 countries in Brussels. In particular, Kishida announced the passage of a law to remove the status of a favorable state for Russia, but also to take measures that will prevent the […]
The Ukrainian crisis is “blowing up” Russia-Japan relations
By Costas Raptis In Europe, the Ukrainian crisis is reviving the nightmare of a possible Third World War. At the end of Asia, again, brings to the surface the unresolved issues of the Second World War. Russia has said it is withdrawing from negotiations on a peace deal with Japan in response to sanctions imposed […]
Tokyo protests Russia’s withdrawal from peace talks
Japan today protested “strongly” about Russia’s decision to withdraw from negotiations on a peace treaty between the two countries over what Moscow said was Tokyo’s “unfriendly stance” on the Ukraine war. “This situation is indeed the result of Russian aggression in Ukraine,” Japanese Prime Minister Fumio Kishida told parliament. “Russia’s attempt to shift this question […]
Poll: Majority of Japanese concerned over Chinese invasion of Taiwan, approves sanctions against Russia
Three in four Japanese are worried that China could take military action against Taiwan or a set of disputed islands in the East China Sea, according to a Kyodo News survey, according to a Bloomberg report. They are worried that Russia’s invasion of Ukraine could prompt China to launch similar attacks, respondents said in a […]
