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.

Zhitong FinanceMay 8 02:05 ET

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.

FXStreetMay 8 00:29 ET

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.

Zhitong FinanceMay 7 08:16 ET

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.

MT NewswiresMay 7 05:06 ET

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.

MT NewswiresMay 6 21:51 ET

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.

FXStreetMay 6 19:47 ET