Japan Inc believes Abe, Trump don’t want to see excessive yen weakness – Reuters poll

By Tetsushi Kajimoto TOKYO, Jan 23 : Japanese companies believe that neither U.S. President Donald Trump nor Japan Prime Minister Shinzo Abe want to see the yen weaken significantly, a Reuters poll showed, a development they worry could spark an unwelcome political backlash. The Reuters Corporate Survey, conducted Jan. 4-17, also found that Japanese firms […]

The yen as a safe haven: a familiar but painful refrain for Japan

By Linda Sieg and Jongwoo Cheon TOKYO/SINGAPORE, Jun 29 : A weak economy, deflation, massive public debt, negative interest rates and an ageing citizenry don’t seem like good reasons for a country’s currency to surge, but that’s exactly what happened to Japan’s yen after Britain’s vote to leave the European Union. The safe-haven phenomenon is […]

Behind Japan’s FX intervention threats, a calmer view of the yen

By Izumi Nakagawa TOKYO, May 19 : Publicly, Japanese policymakers have railed against the yen’s rapid appreciation to 18-month highs, putting investors on high alert against possible intervention in currency markets. Behind the scenes, though, those running economic policy have told Reuters they’re not so worried that the yen will derail efforts to revive exports […]