In an unexpected decision on Tuesday, the Bank of Japan allowed long-term interest rates to climb more, shocking the Japanese yen (JPY) and financial markets and attempting to offset some of the costs of sustained monetary stimulus. following the announcement, the USD/JPY pair slumped to the 130.99 mark, 4.2% lower on the day. This was […]
The Bank of Japan kept its ultra-low interest rates and dovish posture on Friday, which caused the Japanese yen to tremble. Meanwhile, the dollar battled to cling to its gains from the previous day as the anticipation of a change in outlook by the Federal Reserve grew. In the wake of the central bank’s decision, […]
Bloomberg reported Wednesday that the Japan Virtual and Crypto Assets Exchange Association (JVCEA) intends to relax cryptocurrency listing restrictions to make it simpler for trading platforms to trade cryptocurrencies, citing a private document. The organization intends to waive its long vetting process for crypto assets that are not new to the Japanese market before allowing […]
Following a drop to a 32-year low for the Japanese yen (JPY) last week and meetings of the heads of the world’s financial systems that acknowledged currency instability, Japanese authorities continued to provide verbal warnings to the market on Monday of a stern response to notably rapid yen losses. After the Group of Seven (G7) […]
The Japanese yen (JPY) reversed from a 24-year low again to the dollar (USD) on Thursday, after Bank of Japan authorities made a move into the foreign exchange market to support the bruised currency for the first time since 1998. The USD/JPY pair fell to the 140.34 low in the early London session on Thursday, […]
As worries that Russia and its elites may use cryptocurrency to evade international sanctions, Japan has announced that it would employ stricter regulations on cryptocurrency exchanges to prevent such evasions. Japanese trading platforms now have to identify and report transactions relating to sanctions-tied entities or individuals. Government sources told Japan Today reporters that the new […]
The growth forecast for Japan has gotten bumped up from the 2.2% GDP growth forecast made in July to 3.2% in 2022, following a record additional stimulus budget approved by the Japanese parliament last week. If achieved, this growth would be the fastest growth since 2010, when the Asian nation’s economy recorded a 3.3% growth […]
