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Japan Official Cites Fundamentals in Yen's Drop
Keywords:
Japan's vice finance minister for international affairs, Mitsuhiro Furusawa, emphasizes that Japan's effort to revive the economy is exactly what the IMF and the international community have been looking for Japan to do. The effort is designed with the primary objective of fighting deflation. The yen has declined by 15% since the new administration of prime minister Abe assumed power Dec. 26, 2012. It now is at 99 yen to the dollar compared to 80 yen to the dollar in 2012. At 80 yen to the dollar the IMF considered the yen "moderately overvalued." Furusawa assumed the new position recently. His previous position was IMF executive director 2010-2012. In that position he assisted IMF managing director, Christine Lagarde, in efforts to manage the sovereign debt crisis in the eurozone.
Exchange rates- euro-dollar and yen-dollar
12/15/2011
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Japan Official Cites Fundamentals in Yen's Drop
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The IMF's Lagarde calls Japan's policy "sound," and U.S. Federal Reserve chairman Bernanke says he supports countries looking at domestic economies when conducting monetary policy. The overall effect would be to help the global economy through a better performing domestic economy, says Bernanke. Gaining support in the global community for Japan's moves to reduce the value of the yen is important for the Abe administration and Japanese finance minister Taro Aso. These views were expressed at the G-20 meeting in Moscow in Feb. 2013.
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Wall Street Journal 04/18/2013
Japan Official Cites Fundamentals in Yen's Drop
Wall Street Journal 04/12/2013
G-20 Backs Japan on Yen Policies
Wall Street Journal 04/20/2013
OECD Welcomes BOJ Inflation Target, Easing
Wall Street Journal 04/23/2013
Pro-Inflation Policies Show Signs of Helping the Japanese Economy
New York Times 05/09/2013
New York Times 05/23/2013
The Bank of Japan, Japan's central bank, and monetary policy
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The central bank of Japan and its policies for the yen and deflationary trends.
Grouped Articles
Target Is 'Flexible,' Says Japan Bank Chief
Wall Street Journal 04/12/2013
Japan Official Cites Fundamentals in Yen's Drop
Wall Street Journal 04/12/2013
G-20 Backs Japan on Yen Policies
Wall Street Journal 04/20/2013
OECD Welcomes BOJ Inflation Target, Easing
Wall Street Journal 04/23/2013
BOJ Price Forecast Falls Short of Target
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Bank of Japan's Inflation Game Going Into Extra Innings
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Deflation fighting efforts by the Abe administration in Japan 2013-2014
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Pro-Inflation Policies Show Signs of Helping the Japanese Economy
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Japan Official Cites Fundamentals in Yen's Drop
Wall Street Journal 04/12/2013
The impact of the yen at 100 to the dollar and the doubling of currency held by households and banks in Japan- 2013-2014
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Some of the added currency is likely to be invested in U.S. and European equity markets. The lower yen will help Japanese companies compete with manufacturers from S. Korea, the U.S. and Europe. Some of these companies were bringing cost levels down so they could compete at 80 to the dollar. These efforts will now give the companies an advantage.
Grouped Articles
Yen Teases Investors In Push Toward 100
Wall Street Journal 05/07/2013
Yen's Fall Aids Japan, Worries Others
Wall Street Journal 05/13/2013
Yen Slumps to Six-Month Low Against Dollar
Wall Street Journal 11/27/2013
Japan Official Cites Fundamentals in Yen's Drop
Wall Street Journal 04/12/2013
Japanese Investors Help Push Yen Lower
Wall Street Journal 09/12/2014
The falling yen: Low-calibre munitions
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Japan's competitiveness and the yen at over 100 to the U.S. dollar in 2014, and at 121 by March 2015
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Grouped Articles
Wall Street Journal 04/18/2013
Japan Official Cites Fundamentals in Yen's Drop
Wall Street Journal 04/12/2013
Weaker Yen Puts Japanese Profits on a New Track
Wall Street Journal 05/07/2013
Yen Teases Investors In Push Toward 100
Wall Street Journal 05/07/2013
Rout in Japan Succeeds Historic Rally
Wall Street Journal 06/13/2013
Yen Slumps to Six-Month Low Against Dollar
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The Bank of Japan, Japan's central bank, under Haruhiko Kuroda in 2013-2016
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The yen weakens to 94.77 yen to the dollar on Feb 25, 2013 after the announcement of the appointment of Kuroda to head the central bank by prime minister Abe. Kuroda sets a two year time frame to achieve the 2% inflation target. He has experience in monetary and currency policy as he was head of the currency policy department at the finance ministry in the early 2000's, and has published a book about the failure and success of monetary and fiscal policy. For 2 years Kuroda lectured at Hitoshibashi University, before becoming head of the Asian Development Bank. Kuroda brings the kind of experience and caliber that Bernanke, Draghi and King bring to the central banks of the U.S., Europe and the UK.
Grouped Articles
Target Is 'Flexible,' Says Japan Bank Chief
Wall Street Journal 04/12/2013
Wall Street Journal 04/18/2013
Japan Official Cites Fundamentals in Yen's Drop
Wall Street Journal 04/12/2013
G-20 Backs Japan on Yen Policies
Wall Street Journal 04/20/2013
OECD Welcomes BOJ Inflation Target, Easing
Wall Street Journal 04/23/2013
BOJ Price Forecast Falls Short of Target
Wall Street Journal 04/28/2013
The U.S. Treasury's view on currency values for Japan's yen and China's renminbi 2013-2016
05/17/2010
The U.S. Treasury says Japan should use monetary policy for promoting economic growth and not for gaining an advantage in international markets.
Grouped Articles
Wall Street Journal 04/18/2013
Japan Official Cites Fundamentals in Yen's Drop
Wall Street Journal 04/12/2013
Wall Street Journal 10/04/2011
Europeâs Debt Crisis Is Casting a Shadow Over China
New York Times 05/17/2010
The Long View of Changes in Chinaâs Currency
New York Times 09/21/2010
An Accord (and Lessons) to Remember
Wall Street Journal 09/21/2010
Japan and deflation after the global economic crisis of 2009.
04/13/2009
Grouped Articles
Tokyo's Move to Raise Tax Hits Snag
Wall Street Journal 12/27/2011
Japanese Prices Rise, Signaling Rebound
Wall Street Journal 07/26/2013
Japan Says 'Sayonara' to Deflation Worries
Wall Street Journal 12/26/2013
Japan Official Cites Fundamentals in Yen's Drop
Wall Street Journal 04/12/2013
Falling Prices in Japan Feed Deflation Fears
New York Times 04/13/2009
Japan Braces for Protracted Stretch of Deflation
Wall Street Journal 05/01/2009
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