Japanese Finance Minister Shunichi Suzuki on Friday stressed the need for foreign exchange rates to move stably by reflecting economic fundamentals, saying that excessive fluctuations should be rectified. Speaking at a press conference during his visit to Georgia, Suzuki declined to comment on whether Japan intervened in the currency market when the yen spiked in
Digital assets continue to struggle as the crypto market cap dips 1.28%. It currently hovers at around $2.45 trillion — a 94.5% change one year ago. In what could be a knock-on effect from the traditional market, which saw the Japanese yen tumble to a 34-year low against the U.S. dollar, leading cryptocurrencies such as
Meanwhile, China’s central bank has been on an easing trajectory, with its latest decision in February cutting 25 basis points from banks’ five-year loan prime rate (LPR), the largest shave since the LPR was designated as the main rate benchmark in 2019. People take pictures in the Shinjuku area of Tokyo on March 30, 2024.
By Tetsushi Kajimoto TOKYO (Reuters) -Japan’s finance minister issued his strongest warning to date on Wednesday about yen weakness as it fell to a 34-year low against the dollar, saying authorities could take “decisive steps”, language previously used before intervention. Shunichi Suzuki previously used the phrase “decisive steps” in autumn 2022 when Japan last intervened
The Bank of Japan’s (BoJ) decision to end its negative interest rate policy had been expected by markets for a long time. But the announcement on March 19 did feel like a turning point for one of the best-performing stock markets in recent years; after all, the last time the BoJ raised rates was in