Japan will release closely
watched data on Friday that shows how much it spent intervening
in the foreign exchange market to prop up the yen in May, in
moves that kept the currency from testing new. -May 30, 2024 at 08:40 pm EDT
- MarketScreener
Japanese Data to Confirm FX Intervention as Yen Weakness Persists usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
Japanese authorities spent
9.79 trillion yen intervening in the
foreign-exchange market to support the yen over the past month,
in moves that kept the currency from testing new lows but are
unlikely. -May 31, 2024 at 06:39 am EDT
- MarketScreener
TOKYO (Reuters) -Japan's economy fell faster than expected in the first quarter as the weak yen continued to batter consumers, throwing a fresh challenge to the central bank's push to get interest rates further away from near zero. Preliminary gross domestic product (GDP) data from the Cabinet Office on Thursday showed Japan's economy shrank 2.0% annualised in January-March from the prior quarter, faster than the 1.5% drop seen in a Reuters poll of economists. Downwardly revised data showed GDP barely grew in the fourth quarter of 2023, due to downgrades to capital expenditure estimates.
Japan's economy contracts in first quarter cnn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cnn.com Daily Mail and Mail on Sunday newspapers.