CNYJPY CNY/JPY
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CNY/JPY News
BOJ's Board Turned Hawkish in April, Steady Rate Hikes Now in View
BANK of Japan board members turned overwhelmingly hawkish at their April policy meeting, with some seeing the chance of interest rates rising faster than anticipated, a summary of opinions at the meeting showed on Thursday (May 9).
Bank of Japan Meeting Minutes: The depreciation of the yen may lead to faster rate hikes
Bank of Japan members are closely monitoring the impact of a weak yen on inflation, and believe that interest rates may be raised faster as a result.
Japan's Real Wages in March Decreases 2.5%
Japan's real wages in March decreased 2.5% from the same month a year earlier, resuming the declining trend over the past two years, according to the Ministry of Health, Labor and Welfare on Thursday.
BOJ's Policy Board Becoming More Concerned About Effects of Weaker Yen -- Update
The Bank of Japan's board is becoming more concerned about the inflation outlook as a sharply weaker yen threatens to drive up import prices, a summary of its latest meeting showed.
Japan's Reserve Assets Decline in April
Japan's official reserve assets totaled $1.279 trillion as of the end of April, down $12 billion from $1.291 trillion a month ago, the Ministry of Finance reported Thursday.
BoJ's Summary of Opinions: Easy Monetary Conditions Are Expected to Continue
One member said if trend inflation accelerates, BOJ will adjust degree of monetary easing but accommodative financial environment likely to continue for time being.
英国央行能否在6月降息 日本央行或提供助力
如果说对英镑的担忧是阻止英国央行比美联储降息幅度过大的一个因素，那么日本抛售美元的干预可能会帮助其保持选择权。
BoJ's Ueda: Rapid, One-sided Yen Falls Are Negative for Economy
Bank of Japan (BoJ) Governor Kazuo Ueda said on Wednesday that rapid, one-sided falls in the Japanese Yen are undesirable and negative for the Japanese economy, per Reuters.
The Bank of Japan is suspected of “taking action” again to save the yen Kazuo Ueda suggests interest rate hikes
Bank of Japan Governor Kazuo Ueda strengthened his rhetoric about the weak yen one day after meeting with Prime Minister Fumio Kishida.
Japan's Suzuki: Rapid FX Moves Are Undesirable
Japanese Finance Minister Shunichi Suzuki said on Wednesday that rapid foreign exchange (FX) movements are undesirable. However, Suzuki declined to comment on whether the US has agreed on Japan's FX intervention.
The Japanese authorities have a tough warning: intervention in the foreign exchange market is necessary to support the yen
Japan may have to act against the disorder and speculation-driven fluctuations in the foreign exchange market, which reinforces the market's expectations that the Japanese authorities are ready to intervene again in the foreign exchange market to support the yen.
Japan Services Sector Sees Strongest Growth in Eight Months: PMI Report
The headline Japan services business activity index touched an eight-month high of 54.3 in April from 54.1 in March, and rising further above the 50-marker that separates growth from contraction, reported S&P Global on Tuesday.
Business Activity Growth in Japan's Service Sector Accelerates in April
Business activity in Japan's service sector in April grew the fastest since August 2023, supported by strong demand and favorable economic conditions, S&P Global reported on Tuesday.
Japan's Kanda Declines to Comment on Yellen FX Intervention remarks
Japan's top currency diplomat, Masato Kanda, who will instruct the BoJ to intervene, when he judges it necessary, said on Tuesday that the Japanese government may take the necessary steps to deal with excessive market volatility, but declined to comment on US Treasury Secretary Janet Yellen's views on currency policy, per Reuters.
Japanese Yen Underperforms as Australian Dollar Leads G10 FX Higher
The Japanese yen fell against all major currencies in early European trade on Monday while the Australian dollar outperformed following a robust performance from risk assets in the Asian trading session.
Yen Wipes Out Friday's Gain as Market Focus Returns to Yield Gap
The yen has erased its sharp rebound on Friday, as concern over Japan’s low interest rates outweighs any bullishness stoked by suspected official intervention and weaker-than-expected US data.
Yellen declined to comment on whether Japan interfered with the yen exchange rate
US Treasury Secretary Janet Yellen acknowledged sharp fluctuations in the yen exchange rate, but she declined to say whether Japan intervened. “I'm not going to comment on whether they interfered,” Yellen told reporters after her speech in Mesa, Arizona on Saturday. “I think that's a rumor.” The Japanese authorities seem to have supported the yen twice last week. One was after the yen fell below 1 dollar to 160 yen for the first time in 34 years, and the other was after Federal Reserve Chairman Jerome Powell said that raising interest rates was unlikely to be the Fed's next interest rate move.
Yellen warns of monetary intervention after yen appreciation
US Treasury Secretary Janet Yellen acknowledged large fluctuations in the yen exchange rate this week, but she declined to say whether Japan intervened to support the yen.
The Bank of Japan is optimistic about the outlook for consumer and service prices and is convinced that Japan is moving towards the 2% inflation target
The Bank of Japan said that service prices in Japan are rising, and that corporate salary increases will raise household income later this year, stressing its firm belief that the Japanese economy is moving towards a sustainable 2% inflation target.
Yen interest rate traders become sought-after hedge fund Garda digs people from J.P. Morgan
According to people familiar with the matter, US hedge fund company Garda Capital Partners has hired Yoichi Takemura, managing director of J.P. Morgan Chase, to expand yen interest rate transactions.