Currencies

Russian Foreign Minister Sergey Lavrov speaks with his counterparts from ASEAN member countries in Jakarta on July 13. (provided by the Indonesian Foreign Ministry) 
International relations

Russia pitches use of local currencies in appeal to ASEAN

Trade with Indonesia rose 45% in 2022 as FTA talks progressed, Lavrov says

13 July 2023
Currency traders covered short positions on the Japanese currency.
Markets

Yen strengthens in reversal, driving down Japanese stock prices

Possible BOJ shift and cooling U.S. inflation undermine traders' assumptions

13 July 2023
On the Tokyo foreign exchange market, the yen hit the level of 139 per dollar on July 12. (Photo by Kento Awashima) 
Bank of Japan

Yen rises on speculation of BOJ policy shift

Wage, price data seen as opening door for change to yield curve control

12 July 2023
Japanese investors switched from dumping U.S. Treasurys last year to making heavy purchases of the debt this year.
Bonds

Japanese investors buy $100bn in foreign debt in 1st half

Mass purchasing of bonds seen contributing to yen's depreciation

11 July 2023
The yuan recently sank to its lowest point against the dollar since November, moving closer to its weakest level since 2007.
Currencies

As yuan nears 15-year low, China's hands tied on monetary stimulus

Growing interest rate gap with U.S. narrows Beijing's options

6 July 2023
Bank of Japan Gov. Kazuo Ueda's policy reticence signals that there is every reason to bet that 22-plus years of quantitative easing will stretch on and on. (Photo by Suzu Takahashi)
Opinion

Markets are losing interest in the BOJ's Ueda already

Central bank's autopilot approach is weighing on the yen

5 July 2023
The persistent weakening of the Japanese yen is attributed to the huge gap in interest rates between Japan and the U.S.
Currencies

Market wary of Japanese government intervention as yen slides

Currency hovering around last year's low when officials stepped in

4 July 2023
The yen hit a nearly seven-month low amid growing dollar-buying, with investors expecting tightening on the U.S. side to continue.
Currencies

Yen briefly hits 7-month low against dollar at 145 mark

Finance minister warns against excessive weakening of Japanese currency

30 June 2023
The new 10,000-yen note slated to debut in 2024 features Eiichi Shibusawa, known as the "father of Japanese capitalism." (Photo by Hana Slevin Ohama)
Currencies

Japan's redesigned bank notes to enter circulation in July 2024

New hologram tech makes portraits of historical figures appear 3D

29 June 2023
The Japanese yen is hovering at a seven-month low against the U.S. dollar.
Currencies

Yen drops to 144 per dollar as market shrugs off intervention hints

Stock and tourism booms, low oil prices offset negatives of weak currency

29 June 2023
Stacks of Myanmar kyat sit on a counter at a bank in Yangon.
Myanmar Crisis

Myanmar interventions threaten to create 3 forex rates

Military government cracks down on black-market trades to stem weakening of kyat

27 June 2023
The depreciation of the yen against the dollar makes a revision to monetary easing policy more likely, analysts say.
Bank of Japan

Speculation grows of BOJ change to yield curve control policy

Japanese officials express concern about yen's slide

27 June 2023
Food was the biggest driver of inflation in Japan in May. (Photo by Makoto Okada)
Inflation

Japan inflation shows no sign of easing as yen slides further

From instant noodles to hotels, businesses play catch-up on price hikes

24 June 2023
Weakness in the Malaysian ringgit has become a headache for Prime Minister Anwar Ibrahim and his government. (Source photos by Reuters)
Currencies

Malaysian ringgit wobbles in face of political uncertainty, China woes

Currency struggles for traction amid expected state elections, falling exports

23 June 2023
The Bank of Japan's policy decision June 16 caps off a week of big central bank meetings. (Photo by Konosuke Urata)
Currencies

Yen sell-off quickens after Fed meeting as market awaits BOJ

Japanese currency plumbs new year-to-date low against dollar

16 June 2023
Chinese yuan and Russian ruble banknotes. The yuan is emerging as an alternative to the dollar now that financial sanctions in the wake of Russia's invasion of Ukraine have kicked Russia out of the dollar settlement network.
Ukraine war

Russia pays Sakhalin dividends in Chinese yuan

Western sanctions on Moscow cast shadow on dollar hegemony

15 June 2023
Personal forex investors in Japan usually go against the flow, but as they joined the selling of Japan's currency in 2022, they may have amplified the yen's depreciation against the dollar.
Currencies

Mrs. Watanabe had a change of heart in 2022: Bank of Japan report

Yen's big dip pushed individual investors to avoid bucking the trend as usual

12 June 2023
The Nikkei Stock Average closed at a fresh 33-year high Monday after its largest gain so far this year. (Photo by Koji Uema)
Markets

Japan's Nikkei posts biggest rise of 2023 as rally eclipses weak yen

Benchmark reaches 80% of all-time high in dollar terms

6 June 2023
Stablecoins are cryptocurrencies backed by such assets as the yen.
Cryptocurrencies

Japanese banks prepare to launch stablecoins

New law expected to spur innovation in payments

1 June 2023
A similar meeting held by finance officials was a prelude to a currency market intervention in September.
Currencies

Yen's slide eases as finance meeting raises hints of intervention

Japan may be long way from yen-buying measures as pace of drop remains modest

1 June 2023
The Bank of England, seen here, is expected to raise interest rates in June and beyond as inflation remains high in Britain.
Currencies

U.K. pound climbs highest against yen in over 7 years

Bank of England expected to deliver another rate hike as inflation stays high

30 May 2023
Turkish President Recep Tayyip Erdogan waves to voters at the presidential palace in Ankara on the night of May 28. (Photo by Ken Kobayashi)
Turkey elections

Erdogan leaned into defense, religion to win tight Turkish election

Unorthodox monetary policy, Russia-friendly foreign policy expected to continue

30 May 2023
Chinese stocks have lost steam amid growing economic uncertainty.
Markets

Triple headwinds bear down on China stocks and yuan

Slow recovery, deflation risk and nervous investors make for tough economic management

27 May 2023
Japanese stocks are cruising at their highest levels in 33 years. (Photo by Hirofumi Yamamoto)
Markets

Japan's stock rally helps drive yen to six-month low

International investors' forex hedging pushes currency down when shares rise

27 May 2023
The yen has lost ground against the dollar, the euro and other major currencies.
Currencies

Yen slides past 140 against dollar on BOJ chief remarks, Fed outlook

Sell-off quickens to six-month low as Ueda signals no change in easing

26 May 2023