Posts Tagged ‘ Yen ’

Asian Shares Increase as Eurozone Meetings Continue

October 24, 2011
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Asian shares saw a dramatic increase following this weekend’s meetings in Europe, which resulted in “good progress.” According to European finance ministers, the Eurozone plans to boost its $610 billion rescue fund in an effort to draw investors and convince markets that it is indeed capable of protecting floundering countries such as Italy and Greece. Few real details were released after the meetings, though. Investors have continued to focus on the yen, which has reached a record post-war high...

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Japan’s Finance Minister Elected as Head of Democratic Party

September 8, 2011
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Japan’s finance minister Yoshihiko Noda has been elected as the head of the ruling Democratic party, and is likely to soon become the country’s next prime minister as well. Japan’s next prime minister will undoubtedly inherit the region’s financial situation as Europe’s crisis deepens and economies across the globe struggle to stabilize, as well as the resurgent yen, new energy policies, the nuclear crisis and the rebuilding of the devastated northeast coast. A political analyst in Tokyo, Hiro Katsumata,...

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Japan Stalling as Yen Rises?

August 25, 2011
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Financiers across the globe were disappointed in Japan’s move to counter the rising strength of the yen. Early this past Wednesday, the dollar relinquished gains in comparison to the yen in Asia, increasing concerns and prompting additional measures to stem the growth. Japanese Finance Minister Yoshihiko Noda then held a press conference to discuss such measures. The conference ended with a statement pledging a $100 billion facility dedicated to limiting the yen’s rise by encouraging mergers and acquisitions, as...

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Japan Reinserted 44 Billion Euro Stimulus Package

October 10, 2010
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Japan Reinserted 44 Billion Euro Stimulus Package

Tokyo - In the fight against the economic crisis, the Japanese Cabinet issued another economic stimulus package at the equivalent of 44 billion euros. The money will go to employment and social programs, assistance for small businesses and investments in infrastructure.  There is hope that the package will stave off renewed appreciation of the yen. The package will be financed through a supplementary budget, yet Prime Minister Naoto Kan will still bring the stimulus package to parliament this month....

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