What’s more, the growing gap between interest rates in Japan and elsewhere was pushing down the yen’s value, piling even more stress on the country’s highly import-dependent economy. That made […]
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Back to news homeA Rising Dollar Is Hurting Other Currencies. Central Banks are Stepping In.
The Federal Reserve’s interest rate hikes are unsettling global markets and prompting other central banks to prop up their domestic currencies. Read More
Why Japan Stands Virtually Alone in Keeping Interest Rates Ultralow
The yen is plummeting and inflation is climbing, but Japan’s economic circumstances have led to a view that raising rates would do more harm than good. Read More
Japan Intervenes to Prop Up the Sliding Yen
Japan announced on Thursday that it had intervened to prop up the value of the yen for the first time in 24 years, seeking to stanch the currency’s continuing slide […]
Japan Has Long Sought More Inflation and a Weak Yen. But Not Like This.
TOKYO — For years, as Japan tried to boost its chronically weak economic growth, it pursued what its central bank saw as a magic formula: stronger inflation and a weaker […]