TOKYO -- The Japanese government and the Bank of Japan intervened in the foreign exchange market by buying yen and selling dollars on Thursday, a government official confirmed to Nikkei.
Japan launches FX intervention, briefly pushing yen to 155 range
TOKYO -- The Japanese government and the Bank of Japan intervened in the foreign exchange market by buying yen and selling dollars on Thursday, a government official confirmed to Nikkei.
Yen strengthens rapidly after finance minister warning
TOKYO -- The yen surged into the 155-per-dollar range from around 160 -- a move that followed Finance Minister Satsuki Katayama and other officials verbally warning against excessive yen depreciation on Thursday evening.
Finance Minister Katayama issues warning after yen breaches 160 to dollar
TOKYO -- The yen weakened past the psychologically significant threshold of 160 to the dollar on Thursday, prompting Finance Minister Satsuki Katayama to issue verbal warnings, telling reporters, "The time is drawing near to take decisive action" against the sharp decline in the Japanese currency.
The rapid depreciation came as fears grew over inflation fueled by the deepening energy crisis sparked by the prolonged war in the Middle East. Inflation worries also led long-term Japanese government bond (JGB) yields to climb above 2.5%
Kao shareholders vote down Oasis's bid for independent supplier probe
TOKYO -- Shareholders of Japan's Kao on Thursday voted down an activist investor's proposal for an independent probe into the household products maker's Southeast Asian supply chain, amid questions over environmental and labor standards tied to palm oil and pulp and paper sourcing.
UAE's exit from OPEC seen increasing oil supplies for Japan, China
LONDON -- Asian countries such as Japan and China are expected to benefit from increased oil supplies following the UAE's decision to quit OPEC, but the departure of the group's third-largest producer risks introducing greater price volatility over the longer term, analysts say.
Japanese airlines see decrease in net profit for FY26 with fuel hikes
TOKYO -- Japan's two major airlines project their net profits for the fiscal year ending March 2027 will drop due to uncertain global travel demand and fuel cost increases caused by the Iran war.
Apple's new chief and China's chilling move on Manus
Hello, everyone! This is Lauly, your host for this week's #techAsia. I just came back from a weekend trip with my college friends to the southern Taiwanese city of Tainan, my favorite one on this island. Tech industry people know it as the place where Taiwan Semiconductor Manufacturing Co. produces its cutting-edge chips, but the city is also a beautiful place where four centuries of history and modernity seamlessly intertwine.
It has Taiwan's highest density of temples -- more than 1,5
Japan's finance minister issues warning after yen breaches 160 to dollar
TOKYO -- The yen weakened past the psychologically significant threshold of 160 to the dollar on Thursday, prompting Finance Minister Satsuki Katayama to issue verbal warnings, telling reporters, "The time is drawing near to take decisive action" against the sharp decline in the Japanese currency.
The rapid depreciation came as fears grew over inflation fueled by the deepening energy crisis sparked by the prolonged war in the Middle East. Inflation worries also led long-term Japanese government bond (JGB) yields to climb above 2.5%
Singapore's DBS warns of 'second-order effects' from Iran war
SINGAPORE -- Southeast Asia's biggest bank, DBS Group Holdings, warned on Thursday that higher logistics and materials costs stemming from the Iran war could have a broad impact on businesses, adding that the lender has been stress-testing clients exposed to such risks.