Japanese Yen Jumps Past 158 to Dollar as Intervention Rumors Swirl
Japan's yen surged past 158 against the US dollar on Thursday evening, raising questions about potential government intervention as currency weakness persists amid fiscal concerns.
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Japan signals readiness for yen support as currency weakness deepens corporate strain
Japan's finance minister warned of potential currency intervention as the yen struggles near 40-year lows, with Tokyo coordinating closely with Washington. The weak yen is triggering corporate bankruptcies and straining household finances across the economy.
Japan's New PM Takaichi Commits to Restoring Food Tax After Two-Year Cut
Japan's Prime Minister Sanae Takaichi has committed to raising the consumption tax on food back to 8% after a planned two-year reduction to 1% from April 2027, seeking to address inflation while managing the nation's deteriorating fiscal position.
Japanese Yen Struggles Near 40-Year Weakness Despite BOJ Rate Hike and Intervention Efforts
Japan's yen hovers near 40-year lows despite the Bank of Japan's rate hike to 31-year highs and intervention by authorities, reflecting growing investor concerns over fiscal spending plans.