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  • Western Union Business Solutions - New Japanese leader sets sights on controlling yen
    be considering overseas moves economist Noriaki Matsuoka of Daiwa Asset Management told Bloomberg It looks like the yen s going to stay in the 70s range and there s a big risk we ll see an acceleration of overseas shifts next year if that holds true Matsuoka told the news service This won t lead to a reversal in the yen s strength but this was all that the government could do for now The report noted this past summer held significant movement for the yen when the monetary unit very quickly rose in value while nations in the euro zone struggled with the sovereign debt crisis impact on their economies and public finance systems During the summer the government answered grumbling by business leaders and sold more than 4 5 trillion worth of the yen That August 4 move represented the largest one day sale of yens for Japan The short term effect of the plan was driving the dollar higher but the impact of the drive wore off as the dollar dropped to its record low value on August 19 The Group of 20 finance minister meeting scheduled for this week in Washington represents an opportunity for Japan to describe the yen s power and how it is inflicting damage on the nation s economy according to Reuters Finance Minister Jun Azumi told reporters he is looking forward to gleaning information about how his counterparts in the euro zone plan to confront the sovereign debt crisis which also is one topic under scrutiny for the G20 meeting If not for the yen rises Japan s economy would have expanded more Azumi told a news conference after a cabinet meeting There s a feeling Japan s economy is at a standstill so I would like to explain our stance on the strong yen when I meet senior officials from around the world Azumi is likely to be joined by Masaaki Shirakawa governor of the Bank of Japan at the Washington meetings to discuss developments with the global economy The World Bank and the International Monetary Fund are scheduled to host meetings that extend through the weekend Agence France Presse reports Prime Minister Noda indicated some changes were coming when he delivered his inaugural speech just last week as he noted the problems with the hard charging yen create a crisis of unprecedented industrial hollowing out Category Industry News Share Foreign Exchange Services for Business With a focus on payment services Western Union Business Solutions enables businesses of all sizes to send funds internationally through our global payment solutions See our available FX payment services Related posts Yen s strength Japanese carmakers production are intertwined In addition to recovering from damages caused to Japan by early March natural disasters the Pacific Japanese yen remains strong as nation s recovery continues The Japanese yen gained in value Thursday when compared to the majority of its rival currencies U S dollar to drop against Japanese yen technical analysis indicates The U S

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/New-Japanese-leader-sets-sights-on-controlling-yen.aspx (2012-12-22)
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  • Western Union Business Solutions - Yen's strength, Japanese carmakers' production are intertwined
    slash prices unnamed sources told Bloomberg The order comes with a warning that if the companies do not follow the order they are in peril of being overrun by international competitors All the while the value of the Japanese yen will continue to climb Considered a safe haven for investors looking to store wealth the Japanese yen has been subject to repeated intervention to reduce its strength Additionally there are repeated calls for Bank of Japan officials to take action and continue addressing the strong yen Emerging markets are likely to see increased business from Toyota if parts makers within the nation are unable to compete with them which is what Toyota told those internal companies according to the Bloomberg sources whose identities were not disclosed since the discussions within Toyota are private The carmaker intends to minimize costs as one strategy of confronting the currency s strong value as Toyota continues exerting efforts toward climbing back toward the level of production it delivered prior to the earthquake and tsunami as the natural disasters proved to be damaging to production plants that had to endure losses of power and shortages of parts In August while the yen was trading at its highest post war value Japan s president was compelled to redouble efforts on reducing expenses and costs Beforehand the leader exerted effort on the quality of what Toyota was manufacturing So too is Mitsubishi Motors persevering through the challenging times of the yen Company president Osamu Masuko told The Wall Street Journal that the yen s value cannot be disregarded though he said attempts to pursue the issue typically do not operate as planned For that reason he sensed an increasing amount of effort put into something that does not deliver results Atsushi Niimi Toyota s manufacturing executive vice president told The Journal that the yen s stability will deliver a business trading and commerce climate that is more accommodative to the nation economic set up Toyota has no plans to close any factories or plants in the nation It also plans to continue driving toward annual production levels of 3 million cars per year He said the carmaker has renowned manufacturing strategies and it is strongly disinclined to cause any disruption to the finely planned production base in Japan He said if the yen continues gaining Toyota will do its best to remain competitive Category Industry News Share Foreign Exchange Services for Business With a focus on payment services Western Union Business Solutions enables businesses of all sizes to send funds internationally through our global payment solutions See our available FX payment services Related posts Japanese official warns on yen s rise Japan s trade and industry minister cautioned on Friday that policymakers must take aggressive actio Japanese yen endures global consequences of its strength The strength of the monetary unit for the globe s third largest economy is so formidable that two of Currency risk a worry for Japanese companies Managing currency risk continues to be an

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/Yens-strength-Japanese-carmakers-production-are-intertwined.aspx (2012-12-22)
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  • Western Union Business Solutions - Yen volatility likely in coming days
    latter he said Volatility in the yen would be worrying for Japanese companies who have already had to contend with the currency s appreciation in recent months A sharp rise in the yen in fact limited gains in the broader Japanese stock market in 2010 the Nikkei index lost 3 percent for the year Were it not for the yen s rise the Nikkei would have risen more than 10 percent according to Thomson Reuters calculations Category Industry News Share Foreign Exchange Services for Business With a focus on payment services Western Union Business Solutions enables businesses of all sizes to send funds internationally through our global payment solutions See our available FX payment services Related posts Yen likely to remain strong official The yen will likely remain elevated against the dollar for some time a lawmaker with Japan s Libera Japan s intervention drew down yen s value but volatility remains unchanged Last week s massive intervention to draw down the value of the Japanese yen reduced the strength of Yen falls as BOJ signals additional intervention is likely The value of the Japanese yen slipped against the world s reserve currency on Thursday after officia Industry News 1486 Media Coverage 305 News Releases 24 Past Events 28 Recent Posts Aussie hovers as U S leaders struggle with negotiations Loonie benefits from better than expected Canadian U S data Euro rises after stronger than expected U S data released Yen notches top gain in six weeks Peso dips as Obama Boehner encounter snag Pound climbs against dollar after policy makers overwhelmingly supported end of intervention Tag cloud AUD Australia CAN Canada CHF China CNY EUR Foreign Exchange news FX Risk Management news GBP Germany Greece International Payments news Ireland Italy Japan JPY MXN New Zealand Portugal Spain United Kingdom

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/Yen-volatility-likely-in-coming-days.aspx (2012-12-22)
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  • Western Union Business Solutions - Yen drops amid report stating Japanese investors looked to international stocks
    on the dollar is neutral and it won t be a surprise even if it rises To control the rapidly increasing strength of the yen Japan spent a record amount of money in August more than double what it spent less than one year ago according to CNBC The Pacific Rim nation s finance ministry earmarked equal to 58 8 billion to temper the monetary unit s swiftly increasing value That translates as 4 5129 trillion yen On September 16 of last year Japan devoted 2 125 trillion yen to reducing the currency s strength less than half of last month s effort Category Industry News Share Foreign Exchange Services for Business With a focus on payment services Western Union Business Solutions enables businesses of all sizes to send funds internationally through our global payment solutions See our available FX payment services Related posts New Japanese leader sets sights on controlling yen Officials in Japan are attempting to minimize damage caused by the ever vital yen onto the nation s Yen drops amid political tumult in Japan The value of the monetary unit of Japan endured its sharpest losses in eight weeks on Wednesday agai Japanese yen remains strong as nation s recovery continues The Japanese yen gained in value Thursday when compared to the majority of its rival currencies Industry News 1486 Media Coverage 305 News Releases 24 Past Events 28 Recent Posts Aussie hovers as U S leaders struggle with negotiations Loonie benefits from better than expected Canadian U S data Euro rises after stronger than expected U S data released Yen notches top gain in six weeks Peso dips as Obama Boehner encounter snag Pound climbs against dollar after policy makers overwhelmingly supported end of intervention Tag cloud AUD Australia CAN Canada CHF China CNY EUR Foreign

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/Yen-drops-amid-report-stating-Japanese-investors-looked-to-international-stocks.aspx (2012-12-22)
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  • Western Union Business Solutions - Japan eyes markets as additional intervention nears
    easing to address the yen The Wall Street Journal reports The Japanese finance minister told a local television station on Saturday that the yen s continued upward drive in value will prompt the government to act according to The Wall Street Journal Yoshihiko Noda told NHK Television the increasing yen would compel a sense of urgency to act within the week Yuji Saito a foreign exchange market director with Crédit Agricole in Tokyo told The Wall Street Journal that currency investors are prepared for the monetary easing He said they will be awaiting the intervention as early as Monday morning This past Friday the yen notched record highs against the U S dollar despite the August 4 monetary easing That prompted an unnamed official to tell Reuters of a strong inclination to rapidly move on plans while monitoring economic conditions The emergency meeting also would be convened as a result of Japanese stocks sharply losing value as that could be damaging or potentially damaging to businesses Reuters reports one source said the impact of movement in the exchange rate is also of interest to the Bank of Japan Intervention would be triggered if sentiment were to deteriorate severely A former finance minister told a local television station that the nation is mandated to act on the rapidly rising value of the yen Now leader of the Liberal Democratic Party Sadakazu Tanigaki underscored the importance of the finance ministry acting and the Bank of Japan following suit He emphasized the need to seriously ponder the circumstances and decide whether intervention will be beneficial Reuters reports one method of easing is enhancing the pool of funds used to acquire assets from both the private and government sectors That pool was increased during the early August monetary easing and holds roughly 656 billion The discussion as to whether to intervene in the strength of the Japanese yen comes as investors continue pursuing the monetary unit as a safe haven asset That in turn also builds the currency s strength which government officials and analysts are prepared to watch Some government officials also are curious as to what the U S Central Bank will do Reuters reports Ben Bernanke chief of the Fed is scheduled to speak this Friday in Wyoming at the body s annual symposium and speculation has begun as to whether he will drop any hints of a third round of quantitative easing Category Industry News Share Foreign Exchange Services for Business With a focus on payment services Western Union Business Solutions enables businesses of all sizes to send funds internationally through our global payment solutions See our available FX payment services Related posts Japanese Swiss officials consider additional monetary intervention National authorities and bankers in two countries are staying abreast of their respective monetary u Yen falls as BOJ signals additional intervention is likely The value of the Japanese yen slipped against the world s reserve currency on Thursday after officia Japan to consider more intervention later this month The

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/Japan-eyes-markets-as-additional-intervention-nears.aspx (2012-12-22)
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  • Western Union Business Solutions - Strength of Swiss franc drops as bank intervenes
    Jones Newswires reports the monetary unit climbed in value when compared with the European Union s shared currency and the U S dollar Paul Robson senior currency strategist at Royal Bank of Scotland told Dow Jones Newswires that the franc is in need of more than only intervention The monetary unit requires a global economic recovery particularly when considering the troubles in the euro zone with sovereign debt crises attacking banks and public finance systems Category Industry News Share Foreign Exchange Services for Business With a focus on payment services Western Union Business Solutions enables businesses of all sizes to send funds internationally through our global payment solutions See our available FX payment services Related posts Swiss franc drops in value as central bank presents option Switzerland s currency lost value Thursday in response to the vice president of the central bank not Strong Swiss franc batters Swiss National Bank holdings The Swiss National Bank has taken a major hit to its finances as it strives to keep down the price o Swiss bankers proceed cautiously with efforts to control the franc Switzerland s efforts to reduce the strength of the nation s monetary unit might end up prompting th Industry News 1486 Media Coverage 305 News Releases 24 Past Events 28 Recent Posts Aussie hovers as U S leaders struggle with negotiations Loonie benefits from better than expected Canadian U S data Euro rises after stronger than expected U S data released Yen notches top gain in six weeks Peso dips as Obama Boehner encounter snag Pound climbs against dollar after policy makers overwhelmingly supported end of intervention Tag cloud AUD Australia CAN Canada CHF China CNY EUR Foreign Exchange news FX Risk Management news GBP Germany Greece International Payments news Ireland Italy Japan JPY MXN New Zealand Portugal

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/Strength-of-Swiss-franc-drops-as-bank-intervenes.aspx (2012-12-22)
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  • Western Union Business Solutions - Yuan slips against dollar as PBOC establishes parity rate
    bank told The Wall Street Journal The past several weeks have seen the yuan narrow its losses against the U S dollar to 0 4 percent since this year began But since this past July losses between the monetary units of the globe s two largest economies were as high as 1 6 percent Reuters reports the dollar index a gauge of the value of the world s reserve currency against six competing currencies gained from Monday to Tuesday Category Industry News Share Foreign Exchange Services for Business With a focus on payment services Western Union Business Solutions enables businesses of all sizes to send funds internationally through our global payment solutions See our available FX payment services Related posts Yuan slips against dollar as pact with Japan set to start The value of the monetary unit of China dropped against the world s reserve currency on Tuesday pus Yuan slips as central bank establishes new rates The value of the monetary unit of China dropped Monday against the U S dollar after the Asian natio Yuan falls against dollar as China establishes wider trade range The value of the monetary unit of China fell against the U S dollar on Wednesday after the Asian na Industry News 1486 Media Coverage 305 News Releases 24 Past Events 28 Recent Posts Aussie hovers as U S leaders struggle with negotiations Loonie benefits from better than expected Canadian U S data Euro rises after stronger than expected U S data released Yen notches top gain in six weeks Peso dips as Obama Boehner encounter snag Pound climbs against dollar after policy makers overwhelmingly supported end of intervention Tag cloud AUD Australia CAN Canada CHF China CNY EUR Foreign Exchange news FX Risk Management news GBP Germany Greece International Payments news Ireland Italy

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/Yuan-slips-against-dollar-as-PBOC-establishes-parity-rate.aspx (2012-12-22)
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  • Western Union Business Solutions - Yuan climbs two-straight days against greenback after PBOC sets peg
    make sense for the PBOC to intervene in trading to boost the yuan s value at a time when weak global economic and market conditions are exerting pressure on China s exports The currency of the Asian nation has been reversing depreciation since the middle of last month which is against the grain of early 2012 action Efforts that China has taken to confront its economic slowdown include new lending programs but Bloomberg reports economic data about those attempts is not reaching analysts projections Category Industry News Share Foreign Exchange Services for Business With a focus on payment services Western Union Business Solutions enables businesses of all sizes to send funds internationally through our global payment solutions See our available FX payment services Related posts Yuan falls against greenback as Chinese markets re open The Chinese yuan dropped against the U S dollar after one week of holidays Yuan slips against dollar as PBOC establishes parity rate The value of the monetary unit of China dropped against the U S dollar on Tuesday after the Asian n Yen gains against greenback as Bank of Japan opts against strengthening stimulus program The value of the Japanese yen gained the most in 14 days against the world s reserve currency on Fri Industry News 1486 Media Coverage 305 News Releases 24 Past Events 28 Recent Posts Aussie hovers as U S leaders struggle with negotiations Loonie benefits from better than expected Canadian U S data Euro rises after stronger than expected U S data released Yen notches top gain in six weeks Peso dips as Obama Boehner encounter snag Pound climbs against dollar after policy makers overwhelmingly supported end of intervention Tag cloud AUD Australia CAN Canada CHF China CNY EUR Foreign Exchange news FX Risk Management news GBP Germany Greece International

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/Yuan-climbs-two-straight-days-against-greenback-after-PBOC-sets-peg.aspx (2012-12-22)
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