China’s reluctance to deliver “shock therapy” through a faster appreciation of the yuan may be a bid to avoid repeating history: Japan’s.
As Group of 20 finance chiefs begin talks today in Gyeongju, South Korea, China is deflecting foreign pressure to fast-track the yuan’s gains after limiting them to about 2 percent against the dollar since [...]
Posts Tagged ‘bank of japan’
China Fear of Echoing Post-Plaza Japan Limits `Hyundai Accord’
October 21st, 2010 by Financial Writer
Tags: bank of japan, China, economic growth, g20, Global Economy, interest rates, World Financial
more...China Opposed to Rapid Yuan Gain, Tells EU to Back Off
October 6th, 2010 by Financial Writer
China stiffened its opposition to a rapid appreciation of the yuan, setting the stage for a confrontation over exchange rates at this week’s international monetary meetings in Washington.
Premier Wen Jiabao said China will stick to its policy of gradually increasing the currency’s flexibility and lashed out at European Union leaders for teaming with the U.S. [...]
Tags: bank of japan, central bank, economic growth, economic recovery, european economy, Global Economy, japan's economy, money, us economic, world economic
Yen Falls From 15-Year High Against Dollar After Japan Sells Its Currency
September 18th, 2010 by Financial Writer
The yen tumbled from a 15-year high versus the dollar and weakened against all of the most-traded currencies after Japan intervened for the first time since 2004 to curb gains that threaten an export-led recovery.
The yen had its biggest weekly decline against the greenback since April after Finance Minister Yoshihiko Noda said on Sept. 15 [...]
Tags: bank of japan, currency market, economists, Federal Reserve, finance minister, financial system, interest rates
U.S. Two-Year Treasury Yield Near Record Low on Speculation Japan Will Buy
September 15th, 2010 by Financial Writer
Treasury two-year yields were three basis points away from a record low on speculation Japan will invest proceeds from its yen sales in U.S. government debt.
The notes held a three-day rally as the central bank prepared to buy securities maturing from March 2012 to February 2013 today as part of its plan to spur the [...]
Tags: bank of japan, borrowing, economists, financial system, interest rates, us central bank
Euro Declines on Speculation European Banks Will Struggle to Raise Funds
September 6th, 2010 by Financial Writer
The euro fell the most in a week against the dollar and the yen on concern European banks will struggle to raise funds, damping the region’s economic outlook.
The 16-nation currency weakened against 15 of its 16 major counterparts after the Association of German Banks said the nation’s 10 largest lenders, including Deutsche Bank AG, may [...]
Tags: bank of japan, economists, european economy, financial crisis, financial system, investors, money, wall street
FOREX-Yen nears 15-year peak versus dollar; euro rises
August 31st, 2010 by Financial Writer
* Market tests Japan’s willingness to intervene
* Dwindling U.S.-Japan yield gap seen hurting dollar
* Euro hits record low against Swiss franc on risk aversion (Adds detail, updates prices, changes byline, changes dateline, previous LONDON)
The yen rose toward a 15-year high against the dollar on Tuesday as investors shrugged off the Bank of Japan’s latest easing [...]
Tags: bank of japan, currency market, Federal Reserve, financial, investors, wells fargo
Japan Yen Intervention May Fail Without U.S., European Union Coordination
August 29th, 2010 by Financial Writer
Any effort by Japan to weaken the yen after it rallied to a 15-year high may fail without help from the U.S. and the European Union, currency strategists say.
Speculation that Japan may intervene in the foreign- exchange market rose after Prime Minister Naoto Kan said Aug. 27 the government is ready to take “bold” action. [...]
Tags: bank of japan, currency market, economic recovery, Global Economy, investors
Japan Is Alone Over Yen
August 13th, 2010 by Financial Writer
The last time the dollar dropped below the levels it reached Wednesday against the yen, the Bank of Japan and the Federal Reserve jointly intervened to push it higher. That was in July 1995.
No wonder currency traders got a bit nervous Thursday when Japanese officials complained about the strength of their currency amid the latest [...]
Tags: bank of china, bank of japan, economic crisis, economy, Federal Reserve, financial markets, financial system, us consumers, us economic
Yen Weakens on Speculation Japan Will Curb Gains
August 12th, 2010 by Financial Writer
The dollar gained against the yen and euro after U.S. jobless-insurance claims unexpectedly rose, fueling appetite for the currency’s safety amid speculation the world’s largest economy may be slow to recover.
The euro weakened versus the dollar, after dropping the most in almost 22 months yesterday, as a report showed European industrial production unexpectedly contracted in [...]
Tags: bank of japan, economists, economy activity, japan's economy, japanese business, unemployment rate
Yen Drops Against Most Major Counterparts as Stock Gains Dim Haven Demand
August 9th, 2010 by Financial Writer
The yen fell against higher-yielding currencies including the Mexican peso and Australian dollar as stocks rose, reducing demand for a refuge.
The dollar advanced from almost a three-month low against the euro on concern the greenback’s recent drop would be hard to sustain. The U.S. currency declined 1.7 percent last week as investors speculated that a [...]
Tags: bank of america, bank of japan, commercial banks, economists, economy activity, european stocks, Federal Reserve, investors