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This capital flow increased the supply of yen in foreign-exchange markets, as Japanese investors changed their yen for other currencies (mainly dollars) to invest overseas. This kept the yen weak relative to the dollar and fostered the rapid rise in the Japanese trade surplus that took place in the 1980s.
A few years ago, it took closer to 100 yen to make a U.S. dollar. The yen has been so weak that it's back to where it was in 1990, shortly after Japan's famous “bubble economy” burst. After it briefly touched the 160 yen level in overnight hours for traders in New York, the value of a dollar quickly shifted back to 156 yen by midday Monday ...
The latest survey's outcome undermined expectations for a rate hike, and the Japanese yen weakened, with the U.S. dollar trading at 152.90 yen on Friday, near its highest level in two weeks.
A weak yen is good for U.S. tourists heading to Japan, meaning each $1 of theirs buys more yen. It can also be a boon for Japan's exporters because it boosts the value of their sales made in U.S ...
The carry unwind combined with weak U.S. jobs data and fears about an artificial intelligence bubble to send global stocks tumbling this week, started by a 12% crash in Japanese equities on Monday.
How is a weak yen helping tourism? ... But the yen may now be too weak for corporate Japan’s liking, as expensive imports eat away at margins and depress consumer spending.
Japanese Finance Minister Shunichi Suzuki and top currency diplomat Masato Kanda both refrained from commenting on foreign exchange on Wednesday, as the yen surged to its highest level against the ...
The country faces an array of economic challenges. A weak yen is making Japanese imports more expensive, hurting Japanese consumers and companies that rely on foreign energy, ...