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. [...]
Posts Tagged ‘japan’s economy’
China Opposed to Rapid Yuan Gain, Tells EU to Back Off
October 6th, 2010 by Financial Writer
Tags: bank of japan, central bank, economic growth, economic recovery, european economy, Global Economy, japan's economy, money, us economic, world economic
more...A New Bid to Prop Up Economy Brings Shrugs in Japan
October 5th, 2010 by Financial Writer
FOR years, Japan has flooded its moribund economy with money: interest rates near zero, asset purchases by the central bank and public works projects that have dammed the nation’s rivers and paved remote mountain roads.
Japan’s central bank redoubled that effort Tuesday, lowering its benchmark interest rate to a range of 0 percent to 0.1 percent [...]
Tags: central bank, economic growth, economic recovery, interest rates, japan's economy, money, stock market, us economy
Japan’s Benchmark Bond Yields Are Near Six-Week Low as Central Bank Meets
October 4th, 2010 by Financial Writer
Japan’s 10-year government bond yields were near a six-week low on speculation the Bank of Japan will unveil additional easing steps after a policy meeting today.
Ten-year bond futures advanced to the highest level in seven years after Nikkei English News said the central bank may boost purchases of government bonds. Demand for the safety of [...]
Tags: central bank, economic, economic recovery, financial system, interest rates, japan's economy, stock market, us economic
Yuan Climbs to Strongest Since 1993 After Obama Criticizes China Policies
September 20th, 2010 by Financial Writer
The yuan climbed to the strongest level since 1993 after President Barack Obama criticized China for not letting its currency strengthen.
China’s leaders haven’t done “everything they said would be done” to allow appreciation, Obama said at an hour-long town hall discussion in Washington. Yuan forwards gained for a fourth day as the dollar weakened against [...]
Tags: Chinese economy, currency market, economic growth, economy recovery, financial markets, financial system, japan's economy, us economy
Dollar steady versus yen but market wary of intervention
September 16th, 2010 by Financial Writer
The dollar held near its highest in a month against the yen on Friday, capped by chart points and expected sales by Japanese exporters but supported by wariness of Japanese yen-selling intervention.
The euro hovered below a one-month high on the dollar and yen after strong demand at a Spanish bond auction and after the Swiss [...]
Tags: currency market, japan's economy, japanese business, Make Money
Dollar Trades Near 15-Year Low Versus Yen Amid Fed Speculation
September 14th, 2010 by Financial Writer
The dollar was near a one-month low against the euro amid speculation the Federal Reserve will buy additional Treasury securities this year to help sustain growth as the economic recovery falters.
The Swiss franc traded near the strongest since November versus the greenback as declines in Treasury yields sapped demand for the dollar. Economists forecast reports [...]
Tags: economic recovery, economists, Federal Reserve, financial, financial system, japan's economy, us economy
China Tops Japan as World’s No. 2 Economy
August 16th, 2010 by Financial Writer
China surpassed Japan as the world’s second-largest economy last quarter, capping the nation’s three- decade rise from Communist isolation to emerging superpower.
Japan’s nominal gross domestic product for the second quarter totaled $1.288 trillion, less than China’s $1.337 trillion, the Japanese Cabinet Office said today. Japan remained bigger in the first half of 2010, the government [...]
Tags: Chinese economy, economic growth, economists, economy, Global Economy, Global Recession, japan's economy
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
Japan business mood up more than forecast
December 14th, 2009 by Financial Writer
Japanese business confidence edged up more than expected in the three months to December but remained negative for the sixth quarter in a row, a Bank of Japan survey showed, as the economy slowly recovers from its worst postwar recession.
The headline index for big manufacturers’ sentiment was minus 24 in December, improving from minus 33 [...]
Tags: bank of japan, global financial crisis, japan's economy, japanese business, recession