The dollar’s rise over Y100 could prove good for global growth if it helps to get the Japanese economy back on its feet. Dow Jones’s Paul Hannon looks at the ins and outs of the results of the Bank of Japan’s massive monetary expansion as G7 finance ministers meet in the U.K.. WSJ Digital Network
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TOKYO — The US dollar surged in Asian trade on Friday after topping the 100 yen level for the first time in four years, but analysts warned that the Japanese unit’s sharp drop was a double-edged sword. The greenback changed hands at 101.00 yen in afternoon Tokyo trade against 100.55 yen in New York Thursday afternoon — it was last …
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The yen was under pressure in Asian trading on Tuesday after pro-easing comments from the men nominated to take over as the Bank of Japan’s new leadership. Japan’s currency has been pushed down by expectations that the BoJ will adopt fresh credit easing measures to boost the world’s third-largest economy when its new leaders take up their posts in the …
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All this week we’ve been on a mission for you, dear reader. We’ve been looking for the one sector or industry that’s going to drive the Australian share market higher with breakthrough earnings and profits. But maybe we’ve been looking in the wrong place. Maybe it’s a simple as Japan. Japan is not a sector, of course. It’s an island …
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SINGAPORE—Asian stock markets were higher Thursday amid growing optimism that Greece’s debt swap would prove successful, while Japanese exporter stocks benefited from a weaker yen, which fell after Japan posted a record current account deficit. As Thursday’s deadline approached, investors were cautiously optimistic that improving participation in a key debt swap for Greece, needed to keep the debt-laden nation from …
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TOKYO, Feb. 20 (Xinhua) — Nikkei rose sharply high early Monday, hitting a 6.5-month high above 9,500. The market was lifted by the optimistic expectation for export on weaker yen. In the first 15 minutes of trading, the 225-issue Nikkei Stock Average rose 154.36 points, or 1.64 percent, from Friday to 9,538. 53, trading at its highest intraday level since …
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