News On Japan

Japanese yen touches 120 to U.S. dollar, weakest in six years

Mar 22, 2022 (Nikkei) - The yen tumbled to 120 against the dollar on Tuesday for the first time in more than six years, as traders reacted to a hawkish remark from U.S. Federal Reserve Chairman Jerome Powell.

The Japanese currency fell as low as 120.43 in Tokyo from its 118.87 level late on Friday. The Tokyo market was closed on Monday for a public holiday.

The latest bout of selling was sparked by a comment from Powell, who said on Monday that the U.S. central bank is prepared to raise rates in larger, half-percentage-point steps if needed to combat inflation.

The yen last traded below 120 in February 2016.

It had been about 115 yen versus the greenback just three weeks ago but has come under pressure as the U.S. started raising interest rates. The Bank of Japan, meanwhile, is sticking to its ultra-easy monetary policy, making the yen less attractive against the dollar. ...continue reading

Source: テレ東BIZ

News On Japan
POPULAR NEWS

Prime Minister Sanae Takachi and Italian Prime Minister Giorgia Meloni announced new agreements on supply chain resilience and space cooperation following a summit meeting in Italy on June 15th, as the two countries pledged closer coordination on economic security and international affairs ahead of the G7 Summit.

A parent bear and two cubs were spotted near an interchange in Kyoto Prefecture, just a few minutes' drive from a nursery school, in one of many bear sightings reported across Japan in recent days.

Emperor Naruhito and Empress Masako watched Japan's opening FIFA World Cup match against the Netherlands together with King Willem-Alexander and Queen Máxima, highlighting the close ties between the Japanese Imperial Family and the Dutch Royal Family.

Police in Kyoto Prefecture are investigating a hit-and-run after a vehicle crashed into the Maizuru office of Liberal Democratic Party Lower House member Taro Honda late on June 13 before the driver fled the scene.

A fire broke out at a Buddhist temple in Obihiro, Hokkaido, on June 13th, sending flames soaring from the building and causing temporary alarm in a nearby residential neighborhood before being largely extinguished about two hours later.

MEDIA CHANNELS
         

MORE Society NEWS

The Hokkaido Community Chest, which operates Japan's annual Red Feather Community Chest fundraising campaign, has revealed that approximately 180 million yen in donated funds are unaccounted for, with a senior official suspected of misappropriating the money over several years.

Emperor Naruhito and Empress Masako, who are visiting the Netherlands, took a stroll around the grounds of the Dutch royal family's residence where they are staying, revisiting places connected to a previous visit two decades ago.

A 23-year-old Syrian man died after drowning in the Itadori River in Seki, Gifu Prefecture, on June 14th while enjoying a river outing with friends.

Police in Kyoto Prefecture are investigating a hit-and-run after a vehicle crashed into the Maizuru office of Liberal Democratic Party Lower House member Taro Honda late on June 13 before the driver fled the scene.

A fire broke out at a Buddhist temple in Obihiro, Hokkaido, on June 13th, sending flames soaring from the building and causing temporary alarm in a nearby residential neighborhood before being largely extinguished about two hours later.

Four people have been arrested on suspicion of defrauding a man in his 20s out of 870,000 yen by disguising a rental room in Osaka as a bar and luring customers through a matchmaking app.

A 25-year-old construction worker arrested for allegedly breaking into a high school in Mie Prefecture and stealing slippers and indoor shoes told investigators he wanted to become sexually aroused, police said.

A 62-year-old man riding a LUUP electric scooter died following a collision with a pedestrian at an intersection in Tokyo's Koto Ward on June 2nd, marking what is believed to be the first confirmed fatal accident involving a LUUP user on a Tokyo roadway.