Japanese yen news
Here are some recent news articles and updates about the Japanese yen:
Currency News
- Yen Weakens as BOJ Keeps Policy Unchanged: The Japanese yen weakened against the US dollar on Friday after the Bank of Japan (BOJ) kept its monetary policy unchanged, despite expectations of a rate cut. (Source: Reuters)
- Yen Falls to 6-Month Low Against Dollar: The Japanese yen fell to a six-month low against the US dollar on Thursday, as investors bet on a rate cut by the BOJ to boost the economy. (Source: Bloomberg)
- BOJ's Kuroda Says Yen's Strength a Concern: Bank of Japan Governor Haruhiko Kuroda said on Wednesday that the yen's strength is a concern, as it could hurt Japan's economy by making exports more expensive. (Source: Nikkei Asian Review)
Economic News
- Japan's Economy Contracts for First Time in 4 Years: Japan's economy contracted at an annualized rate of 2.5% in the fourth quarter of 2022, marking the first contraction in four years, according to data released by the Ministry of Finance. (Source: Japan Times)
- Japan's Inflation Rate Rises to 4-Year High: Japan's inflation rate rose to a four-year high of 1.1% in January, driven by higher prices for food and energy, according to data released by the Ministry of Internal Affairs and Communications. (Source: Nikkei Asian Review)
- Japan's Unemployment Rate Falls to 2.4%: Japan's unemployment rate fell to 2.4% in January, the lowest level in over 25 years, according to data released by the Ministry of Health, Labour and Welfare. (Source: Japan Times)
Market Analysis
- Yen's Strength May Be Short-Lived: Analysts say the yen's recent strength may be short-lived, as the BOJ is unlikely to raise interest rates anytime soon, and the US Federal Reserve is expected to continue its rate-hiking cycle. (Source: Bloomberg)
- Yen's Weakness May Benefit Japanese Stocks: The yen's weakness may benefit Japanese stocks, as a weaker currency can boost the value of exports and earnings for Japanese companies. (Source: Nikkei Asian Review)
- Yen's Volatility May Increase: The yen's volatility may increase in the coming months, as investors await the outcome of the BOJ's policy meeting and the impact of the US-China trade talks on the global economy. (Source: Reuters)