Latest news with #Japans
Business Standard
6 days ago
- Business
- Business Standard
Yen hits 2-week high as US-Japan trade deal boosts sentiment
The Japanese yen climbed past 146 per dollar on Thursday, marking a two-week high as optimism over the new US-Japan trade deal spurred demand. The agreement includes a reduced 15% tariff on Japanese exports, down from the 25% previously threatened by President Trump, fueling stronger market confidence. Broader sentiment was lifted by progress in US-EU trade talks, while the US dollar index slipped toward 97, nearing a three-week low. Domestically, Japans private sector growth remained stable in July, supported by solid services activity, though manufacturing activity slipped into contraction.
Business Standard
18-07-2025
- Business
- Business Standard
Yen steadies on inflation data after previous plunge
The yen bounced to 148.7 in early trade as investors digested June inflation, which eased to 3.3% but stayed above the BoJs 2% target for the 39th month, keeping rate hike bets alive. Japans trade surplus narrowed with exports falling again, while fresh 25% US tariffs from August 1 add pressure. Meanwhile, the US dollar slipped to 98.1 yet remains on track for a second straight weekly gain. All eyes now turn to Japans Upper House election on July 20.
Business Standard
16-07-2025
- Business
- Business Standard
Yen slips to 149 as strong dollar, tariff worries weigh
The Japanese yen weakened toward 149 per dollar on Wednesday, hitting its lowest level since early April as the US dollar strengthened after cooler-than-expected US inflation dimmed hopes for near-term Fed rate cuts. The dollar index hovered above 98, nearing a three-week high, ahead of fresh US PPI data. While Japans manufacturing sentiment improved slightly in July, helped by a semiconductor rebound, lingering fears over US tariffs kept investors cautious. Focus now shifts to upcoming Japanese trade and inflation data for further cues on economic resilience.
Japan Today
25-06-2025
- Politics
- Japan Today
Japan, NATO agree to collaborate on Iran, Ukraine, N Korea issues
NATO Secretary General Mark Rutte, right, and Japans Foreign Minister Takeshi Iwaya speak with the media on the sidelines of the NATO summit in The Hague, Netherlands, on Tuesday. Japan and NATO agreed Tuesday to closely collaborate to address "security challenges" such as the Middle East crisis, Russia's war against Ukraine and North Korea's past abductions of Japanese nationals. During their talks in The Hague, Japanese Foreign Minister Takeshi Iwaya and NATO Secretary General Mark Rutte also affirmed that they would work to elevate their cooperation to "a new height" in various fields including defense industries, the Japanese Foreign Ministry said. The talks came as the United States, a NATO member and Japan's close ally, conducted airstrikes on key Iranian nuclear facilities amid the conflict between Israel and Iran, although the regional rivals said earlier Tuesday they had agreed to a cease-fire. Russia and North Korea have been strengthening their military partnership as Moscow's full-scale invasion of Ukraine -- which began in 2022 -- drags on and Pyongyang continues its missile and nuclear development. NATO has been stepping up cooperative ties in recent years with its Indo-Pacific partners of Japan, Australia, New Zealand and South Korea, sharing the view that security in the Euro-Atlantic and Indo-Pacific regions is inseparable. Iwaya met with Rutte on the sidelines of an ongoing NATO summit as a stand-in for Prime Minister Shigeru Ishiba, who canceled his planned visit to the Dutch city at the last minute due to the absence of other Indo-Pacific leaders and concerns over the Middle East situation. © KYODO
Business Standard
20-06-2025
- Business
- Business Standard
Yen upbeat as Japan's core inflation accelerates
The Japanese yen stays upbeat against the dollar on Friday following higher inflation data that increases possibility of rate hike by BoJ. Data released earlier today showed that Japan's annual consumer price index (CPI) remained well above the Bank of Japan's (BoJ) target of 2% in May. Japans consumer prices excluding fresh food quickened for a third month to 3.7% from a year earlier in May, according to a Ministry of Internal Affairs released Friday. Thats the fastest pace since January 2023. Food inflation was again a major driver, with the price of rice the nations staple food jumping 102% from a year earlier. Service prices, a metric closely watched by the BOJ, rose 1.4% from a year earlier, slightly more than 1.3% in April. However, the BoJ earlier this week signaled its preference to move cautiously in normalizing still-easy monetary policy and decided to slow the pace of reduction in its bond purchases from fiscal 2026 that could limit gains in the counter. Nevertheless, safe haven demand amidst persistent trade-related uncertainties and rising geopolitical tensions in the Middle East could keep the yen supported. Currently, USDJPY is seen quoting at 145.29, down 0.14% on the day. Meanwhile, on the NSE, JPYINR futures are down 0.93% at 59.42.
