Rajiv MenonFinance
Japanese Retailers Lock in FX Contracts as Weak Yen Hits Profits
Takara MC and furniture giant Nitori face mounting import costs with the currency lingering near 159 per dollar after a 30 per cent drop over five years.
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yen
Every story tagged yen on RetailNews Asia: reporting, analysis and market signals from across Asian retail and e-commerce.
Stories tagged yen
6 stories in this topic
Rajiv MenonFinance
Yen Weakness Persists Despite Intervention, Raising Concerns for Asia-Pacific Businesses
A recent joint intervention by the US and Japan has failed to sustain a recovery for the Japanese yen, which is once again nearing 160 per US dollar. Analysts predict further action may be needed as a rout in US Treasuries fuels the yen carry trade.
Maria SantosFinance
Japan’s First Stablecoin: What It Means for Government Bond Demand and the Future of Finance
Japan is gearing up for a significant financial innovation with plans to introduce its first stablecoin by late 2025. This move, while groundbreaking, is not predicted to shake up the dynamics of Japanese government bonds significantly. According to Bank of…
Sarah ChenFinance
Japan Consortium Plots Digital Yen
Participants include MUFG Bank, Sumitomo Mitsui Banking, Mizuho Bank, Japan Post Bank, Nippon Telegraph & Telephone Corp., East Japan Railway, and Mitsubishi, as well as local governments. The Bank of Japan, Financial Services Agency of Japan, and three…
Sarah ChenLiving
Chinese shoppers deterred by rising Japanese yen
Japan is starting to lose its edge as a shopping holiday destination for Mainland Chinese. Mainland Chinese shoppers are likely to become increasingly discouraged by the rising value of the Japanese yen against the yuan, according to analysis by Nikkei and…
Sarah ChenGeneral
Dollar drops against yen as risk-off mood persists
The dollar weakened against its main rivals Wednesday after a spate of weak economic data and the Federal Reserve’s Beige Book painted a troubling picture of the U.S. economy. The ICE U.S. Dollar Index DXY, +0.12% a measure of the dollar’s strength against a…