Japan’s Governor Speech favors Yen

Japan's central bank governor said that he told the country's prime minister the bank would conduct a review of its policy tools in March to make sure that it can maintain ultra-loose monetary settings for a long period. Governor Haruhiko Kuroda said he also told Prime Minister Yoshihide Suga that the global economy appeared to [...]

Japan’s GDP impacts yen

Japan's equity markets continue to rise on signs of economic recovery and expectations for US fiscal stimulus. The benchmark equity index Nikkei 225 rose to 30,000 early Monday to hit the highest level since 1190. The index has gained 8% so far this year, having rallied by 16% in 2020. Global stock markets have rallied [...]

Japan’s move favors yen

Japan's top government spokesman said on Wednesday that the timeline for vaccinating the broader population against the coronavirus would be decided and disclosed to the public after the approval of a vaccine. Chief Cabinet Secretary Katsunobu Kato made the comment at a news conference in response to a question about media reports that the government [...]

Fear of covid-19 pressurizes Yen

Japan coronavirus advisory panel is out with its recommendations on Thursday, as the third wave of the virus grips the economy and threatens to derail its post-pandemic recovery. The panel suggested that a state of emergency declaration is needed for Tokyo and three nearby prefectures from January 8 to February 7.  Earlier today, it was [...]