Japanese authorities monitoring the Yen
Japanese authorities are said to be closely monitoring the rise of the national currency in the money markets. Issues in America, the UK and Europe have had a major impact upon currency exchange rates and the Yen recently hit a 15 year high against the US dollar. Any increase in exchange rates will have a major impact upon exports from Japan and when you bear in mind that Japan is one of the largest exporters in the world this could have major repercussions for the Japanese economy.
Over the last few weeks we have seen a marked reduction in export growth from Japan and the authorities are very keen to ensure this does not turn into a long-term trend. In a perfect world you would expect exports to Japan from the likes of the US, UK and Europe to improve on a weak currency exchange rate but these economies are struggling themselves.
Historically the Japanese authorities have had no issues in manipulating money markets and currency exchanges to protect their own local currency and economy and there would appear to be no change in this particular policy. If the likes of Japan, on to a lesser extent China, begin to see their economies cooling this will have a major impact upon the worldwide economy.
Share this..
Related stories
Royal Mail and unions fall out again
As the situation between the Royal Mail and the Communication Workers Union took a turn for the worse yesterday, hopes of a short term resolution to the ongoing strike issue are fading fast. The unions have claimed that Royal Mail management has forced all postal delivery personnel to take on the extra work created by 63,000 job cuts although it is alleged they had been offered no overtime for thi...
Read MoreSo what appears to have turned the UK economy?
The last few weeks have seen some surprising reports suggesting that the UK recession may be nearing an end, but what actually prompted these reports and what has changed?
There has been a mixture of more positive reports from the property sector, business arena, the CBI, the Bank of England and mortgage providers to name but a few. While not overly optimistic, the general trend in...
Is the UK government supporting the economy?
Today's revelation that UK government finances were far worse than expected in October has forced many analysts and researchers back to the drawing board. City experts had been expecting a £7.1 billion deficit in government finances for October but the figure came in at £11.4 billion. This would suggest that not only are public services and debt financing causing more heartache for the governmen...
Read MoreAirline industry under more pressure
In an amazing development bookmaker Paddy Power has begun to take bets on which airline will be next to fall by the wayside. The well-known bookmaker has slashed the odds on Monarch, a privately owned Swiss airline, from 50/1 to 4/1 making it the favourite to fall by the wayside in the short term. However, the company has denied any financial trouble and criticised Paddy Power for running a book o...
Read MoreMarks & Spencer Christmas sales disappoint
In this new period of renewed hope for the UK retail sector a major setback occurred today with news that Marks & Spencer festive sales were up by just 0.8% in the three months to Boxing Day. This is a far less impressive performance compared to the likes of John Lewis and Next and today we saw the share price of Marks & Spencer fall on investors disappointment. So what does this mean for the UK r...
Read More