yen

Japan PM Announces $11 Billion Stimulus Plan, Asian Markets Rise

Minister Naoto Kan announced a new $11 billion stimulus plan designed to promote job creation, coax shoppers back into stores, and stem the surge in the value of the yen. In China the Shanghai Composite Index inched up 0.3% and Hong Kong's Hang Seng Index added 0.4%.

Japan Gets a Boost From Exports

Mired in deflation and stagnant for decades, Japan has been the economic basket case of the developed world, a cautionary example of malaise run amuck. But because it's export-oriented, the world's third-largest economy is getting an unexpected lift from roaring growth

Yen Gains to 15-Year High Against U.S. Dollar

The yen strengthened to a 15-year high against the U.S. dollar as investors bet against the country%u2019s policy to limit the gains in the currency. The yen strengthened to 83.34 per dollar, compared to 83.80 late Tuesday, The Wall Street Journal reported.

Bank of Japan Mulls Action on Rising Yen

The yen eased down a bit on Wednesday from the 15-year and nine-year highs it set Tuesday against the dollar and the euro respectively, with the market watching for possible intervention from Tokyo to curb the currency's rise, which threatens Japan's fragile economic recovery.

Yen Reaches 15-Year High Against the U.S. Dollar

The Japanese yen hit a 15-year high against the U.S dollar on Wednesday after the Federal Reserve lowered its assessment of the U.S. economy and said it will reinvest some bond holdings. The yen has strengthened 11% against the dollar since May, raising the possibility that Japanese authorities may intervene to weaken the currency, The Wall Street Journal reported. The yen generally strengthens during periods of economic uncertainty because investors view it as a safe haven.

Is Rising U.S. Debt Inviting Trouble? Ask Japan

As European debt woes shake global markets, many wonder if the U.S. is next in line. Though there's plenty to worry about, investors need to put the American position in broader perspective. Japan offers an interesting case study.

Toyota Admits Prius Brake Problems

Overshadowing a profit report for its fiscal third quarter, a Toyota official says "We are investigating whether there are defects in the Prius." The quarterly report covers a period before the gas-pedal recall and others, so the profit is likely to be short-lived as Toyota scrambles to make repairs and rebuild its reputation.

The dollar is falling, but not the sky

Before one starts composing a eulogy for the U.S. dollar, it pays to make two distinctions: 1) There's a difference between the dollar's decline and...