Japan Exchange Rate

Japan

Japan: Japanese yen weakens but still remains at uncomfortably high level

December 15, 2011

In the last few weeks, the yen has ended its rally and depreciated slightly, but is still hovering around its all-time high. By 15 December, the yen was trading at 77.9 JPY per USD, which represents a 1.2% depreciation versus the US over the previous month. However, on a year-on-year basis, the yen has appreciated a nominal 7.7%. The Japanese currency has appreciated a nominal 5.6% so far this year versus the US dollar, as investors see the yen as a safe haven amid Europe's sovereign debt crisis and global uncertainties. The persistent appreciation of the yen exacerbates exporters' competitive position at a time when they have to cope with the adverse effects of a slowing global economy In order to counteract the strengthening of the yen, the Bank of Japan has already intervened in the foreign exchange market three times this year.


Author:,

Sample Report

Looking for forecasts related to Exchange Rate in Japan? Download a sample report now.

Download




Japan Economic News

  • Japan: Machinery orders decline in May

    July 11, 2018

    Although core machinery orders—a leading indicator of capital spending over a three- to six-month period—contracted in May, the fall was weaker-than-expected, suggesting that capital expenditure will gain steam further down the road.

    Read more

  • Japan: Business confidence weakens in Q2

    July 2, 2018

    According to the Bank of Japan’s quarterly Tankan business survey, sentiment among large manufacturers fell in the second quarter of 2018, suggesting economic momentum has yet to gain traction following a weak first quarter.

    Read more

  • Japan: Consumer confidence declines marginally in June

    June 29, 2018

    Consumer sentiment inched down to 43.7 in June from 43.8 in May, coming in just below market expectations of a stable print.

    Read more

  • Japan: Industrial production falls in May

    June 29, 2018

    Industrial production contracted 0.2% on a month-on-month and seasonally-adjusted basis in May, contrasting April’s revised 0.5% increase (previously reported: +0.3% month-on-month).

    Read more

  • Japan: Core inflation stable in May

    June 22, 2018

    The core consumer price index rose 0.1% in month-on-month seasonally-adjusted terms in May, reversing April’s 0.1% fall. Core inflation was steady at 0.7% in May, unchanged from April and in line with market expectations.

    Read more

More news

Search form