37584
Yen Stronger
World Economy

Yen Stronger

Japan’s megabanks are calling time on the yen’s four years of depreciation, a blow to Haruhiko Kuroda’s chances of reviving inflation and growth, Bloomberg reported. Bank of Tokyo-Mitsubishi UFJ Ltd., Sumitomo Mitsui Banking Corp. and Mizuho Bank Ltd. all see the yen ending the year stronger than where it started. And all three have revised up their 2016 forecasts as the yen gained 6.7% in the first two months of the year. The biggest expansion in Japan’s current-account surplus relative to the economy for at least three decades has only boosted the yen’s appeal as a haven from market turmoil. And its advance is not just about investors seeking safety. The lenders point to the waning prospect of a US interest-rate increase, just as the yen becomes less sensitive to Bank of Japan Governor Kuroda’s unprecedented easing. Plus, the yen is the second-most undervalued major currency by a purchasing-power measure.

 

Short URL : https://goo.gl/fIfook
  1. https://goo.gl/LCl9wA
  • https://goo.gl/Tll1ey
  • https://goo.gl/O4DS8y
  • https://goo.gl/5Buh7w
  • https://goo.gl/BzrrWy

You can also read ...

Innovation, Technology Should Boost Hong Kong Economy
Innovation and technology will become profitable in Hong Kong...
Government data shows the number of jobs created in July fell to the lowest levels in over eight years.
South Korea’s ranking officials revealed a disparity in their...
As technological progress makes people richer in terms of many basic goods and services, it may be inevitable  that more human activity is devoted to zero-sum competition for available income and assets.
Across the global economy, the potential for automation seems...
Annual expansion in the second quarter fell to 4.5%.
Malaysia cut its full-year growth forecast and reported much...
Trade War Won’t Dent China GDP
Analysts are trying urgently to evaluate the potential impact...
India’s CAD to Widen to 2.5 Percent of GDP
India’s current account deficit will widen to 2.5% of the GDP...
Canada Inflation Surges
Canada’s inflation rate surged to 3% in July, fueled by rising...
Italy to Launch New Infrastructure Plan
The government will launch a plan aimed at making Italy’s...

Trending

Googleplus