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Yen drops beyond ¥157 per dollar as BOJ keeps key rate unchanged

Japan’s currency weakened as much as 1.4% on the day and touched a session low of ¥157.79 per dollar in afternoon trading in New York.

New yorkUnited statesKazuo uedaFederal reserveApanese economyKazuo ueda

70% of Japan companies to raise pay scales in FY 2024

Survey results showed that about 40% of firms were struggling with labor shortages even after raising wages.

Finance ministryFinance ministryApanese economy

Tokyo issues strong warning on yen intervention as currency dips further

Comments by Finance Minister Shunichi Suzuki came after the dollar rose to ¥154.85, its strongest levels against the Japanese currency since 1990.

South koreaUnited statesSouth koreanShunichi suzukiFinance minister shunichi suzukiApanese economyFinance ministryShunichi suzuki

Kishida s U S trip highlights economic and political compatibility

Kishida has worked closely with Biden to enhance the Japan-U.S. alliance, with the countries labeling their bilateral ties a “global partnership.”

United statesJoe bidenFumio kishidaPrime minister fumio kishidaJoe bidenS japan relationsApanese economy

Berkshire plans to sell first yen bonds since BOJ move

The U.S. company last turned to the yen bond markets in November, with a ¥122 billion ($803 million) five-tranche deal.

Warren buffett berkshire hathawayBerkshire hathawayWarren buffettTrading housesNegative interest ratesApanese economy

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