Japan, June and weak yen
Japan’s strength produces a weak yen
Yet things have recently moved in a different direction: the gap between America’s and Japan’s five-year government bond yields has narrowed by more than a percentage point since October. Oddly, over the same period,
Japan attracts record 3.14 million June visitors as weak yen draws travellers
Japan set a record high for monthly visitors in June, official data showed on Friday, as its weak yen fuelled a tourism boom that is becoming a key driver for the economy. The number of foreign visitors for business and leisure was 3.
Japan’s Tourism Boom Breaks Records as Weaker Yen Attracts Visitors
Japan experienced a record number of monthly visitors in June, driven by the weak yen, reaching 3.14 million foreign tourists. This surge contributed to a half-year record of 17.78 million travelers and is expected to achieve an annual visitor spending of 8 trillion yen.
Japan expecting record 35 mil. foreign visitors in 2024
Japan could see a record 35 million foreign visitors this year, as the government said Friday around 17.78 million people likely visited the country in January to June on the back of a weak yen. With the all-time high for the six-month period,
Japan sees record 3.14 million visitors in June as weak yen fuels tourism boom
Japan set a fresh record high for monthly visitors in June, official data showed on Friday, as the weak yen fuelled a tourism boom that is becoming a key driver for the economy. The number of foreign visitors for business and leisure was 3.
Japan Cuts Growth Forecast, Panel Member Frets of Weak-Yen Pain
The BOJ is also likely to trim this fiscal year's growth forecast at the meeting, reflecting a rare unscheduled downgrade to ...
Japan Likely Spent Extra $13.5 Billion to Prop Up Yen Friday
Japan likely stepped into the currency market for a second straight day on Friday as it continued its battle to prop up the ...
The Yen Is Plunging. So Is Japan’s Defense Budget.
Japan is struggling to fund plans that would significantly bolster its military readiness amid rising regional threats.
Japan Keeps up Yen Warnings; 6 Trillion Yen, 2-Day Intervention Suspected
Bank of Japan data released on Tuesday suggested Tokyo may have spent 2.14 trillion yen ($13.5 billion) intervening on Friday ...
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Japan cuts growth forecast as prime minister warns of weak-yen pain
The government cut its economic growth forecast for the current fiscal year ending in March 2025 to 0.9% from 1.3% projected ...
Japan’s Kono Says Central Bank Needs to Raise Rates to Lift Yen
A prominent minister running Japan’s digital agency left the door open for a bid to become prime minister as he called on the ...
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Explainer: Why has Japan not intervened yet to support yen?
But a few factors might explain their restraint. Massive interest rate differentials between the U.S. and Japan have been ...