Currencies

The IMF report said India now has a de facto "stabilized" exchange rate regime involving government intervention.
Markets

India and IMF clash over rupee stability

Report says intervention likely exceeded levels needed to address disorderly market

31 December 2023
The yen was down roughly 7% against the dollar this year as of Dec. 29. (Photo by Akira Takemura)
Currencies

Yen is worst-performing G10 currency for 3rd straight year

Modest rebound seen ahead in 2024 on narrower interest rate gap

30 December 2023
The yuan surpassed the yen for the first time in a year and 10 months. (Photo by Kosaku Mimura)
Currencies

China's yuan rises to 4th most used currency in global settlements

Share of international payments leapfrogs yen on Russia transactions

23 December 2023
BOJ Gov. Kazuo Ueda arrives at the central bank on Dec. 19. (Photo by Suzu Takahashi) 
Bank of Japan

BOJ's Ueda 'throws cold water' on expectations for early policy shift

Japanese central bank stands pat, keeps easing bias, sending yen weaker

19 December 2023
Gov. Chea Serey says Cambodia's central bank is expanding the Bakong's cross-border payment network. (Photo by Shigeru Seno)
Technology

Cambodia chalks up 10m Bakong digital currency accounts

Central bank focuses on internationalizing its blockchain-based payment system

19 December 2023
Malaysian Prime Minister Anwar Ibrahim speaks during an interview with Nikkei Asia on Dec. 17 in Tokyo. (Photo by Yuki Kohara) 
Interview

Malaysia's Anwar pushes for local currency transactions in trade

Country looks to 'gradually' reduce dollar dependency to avoid forex risks

18 December 2023
Markets are watching the yen's volatility against the U.S. dollar as BOJ policy members meet for the last time this year. (Nikkei montage/Source photos by Satoko Kawasaki) 
Market Spotlight

Yen reverses downtrend as policy rates of BOJ and Fed set to move closer

Shift in foreign exchange market sends Japan Inc. scrambling

18 December 2023
The yen strengthened against the dollar on Dec. 14 in response to the results of the U.S. Federal Reserve policy meeting. (Photo by Yuki Nakao)
Currencies

Yen's fair value seen around 140 to dollar amid narrowing rate gap

Fed signals on cuts spur speculation of further strength in Japanese currency

15 December 2023
The Fed's decision to hold interest steady in December was expected, but the bigger potential for rate cuts next year moved markets.
Currencies

Yen rallies after Federal Reserve signals rate cuts in 2024

Market watchers shift focus to BOJ for more signs of policy shift

14 December 2023
Increased demand in China is helping to buoy international gold prices.
Commodities

Chinese pay premium prices for gold as economic outlook dims

Weak yuan also driving up demand for precious metal

13 December 2023
U.S. Federal Reserve Chairman Jerome Powell and Bank of Japan Gov. Kazuo Ueda. The BOJ is signaling a potential end to easing as the Fed is seen exploring an end to tightening. (Nikkei montage/ Source photos by Reuters)
Currencies

Yen reaches crossroads as BOJ explores end to negative rates

Economic weaknesses cloud path to normalizing monetary policy

9 December 2023
The yen briefly surged to the 143 level against the dollar in New York.
Bank of Japan

Yen climbs to 141 in volatile trading after BOJ hints at policy shift

Ueda says maintaining current monetary policy will become 'more challenging'

8 December 2023
The yen may be weakened next year by Japan losing its status as the world's largest creditor and bleeding money overseas through small investments.
Currencies

Japanese yen has two problems on the horizon in 2024

Confidence in the world's largest creditor is at risk of weakening

5 December 2023
The yen is beginning to strengthen again against the U.S. dollar. (Photo by Tsuyoshi Tamehiro)
Currencies

Yen gains momentum on speculation Fed will cut rates

Strategist says smaller rate gap between U.S. and Japan sparks yen buying

29 November 2023
The recent uptick in mainland Chinese stocks and currency has not convinced many investors who have lost quite a bit in recent years. 
Markets

China's market rebound fails to reassure skeptics

Foreign investors remained haunted by previous losses, analysts say

22 November 2023
The yen pushed into the lower half of the 147 range to the dollar on Nov. 21, strengthening to a level not seen since mid-September. (Photo by Nanami Sato)
Currencies

Yen hits 2-month high as speculators tap brakes on sell-off

Easing U.S. inflation and looming holiday season fuel rally for Japanese currency

22 November 2023
Hong Kong's financial authorities have gone into overdrive to prop up the value of the Hong Kong dollar.
Currencies

Hong Kong staunchly defends dollar peg even as property market falters

Authority steps in 49 times against short sellers in system out of sync with economy

17 November 2023
The yen weakened to a roughly 15-year low against the euro and a 38-year low against the Singapore dollar.
8 November 2023
The Malaysian ringgit fell to a 25-year low against the dollar in October. 
Economy

Malaysia holds key interest rate at 3.0% despite falling ringgit

Central bank stands pat as regional peers resume monetary tightening

2 November 2023
The yen slumped beyond after the Bank of Japan announced a tweak to its yield curve control policy. (Photo by Shinya Sawai)
2 November 2023
The BOJ's policy decision was viewed by market participants as a change to its long-standing ultraloose monetary policy, but it did not trigger yen buying 
Currencies

Yen weakens past 151 against dollar after BOJ tweaks policy

Revelation that Japan didn't intervene in October spurs yen-selling

1 November 2023
Currency traders had been watching for signs of another change to the Bank of Japan's yield curve control.
Currencies

Yen jumps to 2-week high against dollar as BOJ weighs policy change

Japanese currency regains 148 level on expectations of narrower rate gap

31 October 2023
The BOJ will release a quarterly update to economic projections among the nine board members after the policy meeting, which will give a clue to the BOJ's view on the durability of inflation. (Nikkei montage/Source photos by Suzu Takahashi and pool)
Market Spotlight

Japan yen poised for a big move as the BOJ discusses its next step

Policy meeting follows rate hikes by Indonesia and the Philippines

30 October 2023
Singapore-based Kanolly Hotels has a resort in Hakuba, Japan, that features private villas starting at 200,000 yen per night. (Kanolly Hotels)
Travel & Leisure

Asian ultraluxury resort brands make inroads in Japan

Soneva, Kanolly and Rosewood eye wealthy tourists as weak yen spurs development

29 October 2023
Following monetary tightening in Indonesia and the Philippines, Asia will see key monetary policy meetings next week from Japan and Malaysia. (Photo by Ken Kobayashi)
Markets

On topic: Asian wave of rate hikes hits as inflation bites

A collection of stories to catch up on a recent hot topic

28 October 2023