Japanese yen news today
Here are some recent news articles and updates about the Japanese yen:
Market Updates
- The Japanese yen strengthened against the US dollar on Friday, with the USD/JPY pair falling to a one-week low of 110.45. (Source: Reuters)
- The yen gained 0.4% against the dollar on Friday, its biggest one-day gain in a week, as investors sought safe-haven assets amid growing concerns over the global economy. (Source: Bloomberg)
Economic News
- Japan's economy contracted at a slower pace than expected in the fourth quarter, with GDP shrinking 0.4% from the previous quarter. (Source: Nikkei Asian Review)
- Japan's core consumer prices rose 0.2% in January from a year earlier, marking the first increase in five months. (Source: Japan Times)
Central Bank News
- The Bank of Japan (BOJ) kept its monetary policy unchanged at its meeting on Friday, maintaining its negative interest rate and asset purchase programs. (Source: Reuters)
- BOJ Governor Haruhiko Kuroda said the central bank will continue to monitor the economy and adjust its policy as needed to achieve its 2% inflation target. (Source: Bloomberg)
Currency News
- The Japanese government is considering introducing a new currency trading system to reduce the yen's volatility and promote economic growth. (Source: Nikkei Asian Review)
- Japan's finance ministry is also considering relaxing regulations on foreign exchange transactions to make it easier for companies to invest abroad. (Source: Japan Times)
Other News
- Japan's Prime Minister Shinzo Abe said the country will continue to work towards achieving its 2% inflation target, despite the recent slowdown in economic growth. (Source: Reuters)
- Japan's economy minister, Toshimitsu Motegi, said the government will take steps to boost domestic demand and promote economic growth, including increasing public works spending. (Source: Bloomberg)