News
Japan may step into currency market again to support yen with U. S. backing
1+ hour, 11+ min ago (892+ words) Japanese authorities may continue to step into the currency market to arrest the yen's rapid fall after gaining fresh support for such interventions from the U. S. finance chief, who analysts say is more concerned about interest rate rises. Japanese authorities' decision…...
Nissan reduces losses and expects to return to profit
1+ day, 1+ hour ago (538+ words) Japanese automaker Nissan said Wednesday it reduced losses for the fiscal year through March, but remained in the red, battered by U. S. tariffs, inflation and intensifying competition. Nissan Motor Corp. , based in the port city of Yokohama, reported a 533 billion yen…...
Iran war is hitting home as gasoline prices fuel inflation surge of 3. 8% in U. S.
2+ day, 1+ hour ago (595+ words) U. S. consumer prices climbed sharply again last month as the 10-week war with Iran delivered higher gasoline prices and more pain for Americans. Labor Department figures showed that gasoline prices are up more than 28% compared with a year ago. However, the…...
Japan, U. S. confirm close coordination on currency after intervention
2+ day, 11+ hour ago (782+ words) Japanese Finance Minister Satsuki Katayama said Tuesday she agreed with U. S. Treasury Secretary Scott Bessent to closely coordinate on movements in the currency market during talks held after a recent intervention to stem the yen's depreciation against the dollar. The financial…...
Japan real wages rise for 3rd straight month but outpaced by price rises
6+ day, 15+ hour ago (394+ words) Japan's real wages in March rose 1. 0 percent from a year earlier for the third straight monthly increase, reflecting firms' robust profits and their efforts to offer competitive salaries to retain talent, despite slowing from the previous month, government data showed…...
Japanese hair salons going bankrupt in record numbers
1+ week, 2+ day ago (950+ words) It's pretty dire straits for a lot of businesses these days, but hair salons in Japan seem to be especially feeling the heat. Last year saw the highest-ever number of salons filing for bankruptcy at 235, breaking the record set in…...
Japan conducted market intervention to stem yen's fall against dollar: sources
1+ week, 6+ day ago (501+ words) Japanese authorities intervened in the currency market on Thursday to stem the yen's rapid fall to the upper 160 range against the U. S. dollar, government sources said, stepping into the market for the first time in one year and 10 months. Japan's top…...
Tax refunds and AI boom have offset some U. S. economic pain from Iran war and high gas prices, so far
2+ week, 8+ hour ago (708+ words) Americans are paying for the war in Iran with every visit to the gas station, but some of the damage to the U. S. economy is being offset " for now anyway " by big tax refunds and an investment boom driven by artificial…...
High oil prices due to the Iran war weigh on everything from the gas pump to consumer goods
2+ week, 8+ hour ago (798+ words) Pain at the pump. Higher postal prices. Flights canceled, costlier airplane ticket prices and baggage fees. Everyday items such as soap and toothpaste getting more expensive. Consumers are paying for the Iran war 's disruption of global energy production as…...
BOJ holds key rate steady amid worries about Iran war and energy prices
2+ week, 2+ day ago (258+ words) The Bank of Japan decided Tuesday to keep its benchmark rate unchanged at 0. 75% amid growing worries about the war in Iran pushing prices of oil and other products higher. The decision from Japan's central bank was expected, though the 6-3 vote…...