Yen continues to lose steam: effects of Japanese currency's depreciation permeate the rest of region

Article Abstract:

The Japanese yen continues to depreciate against the dollar, posting a record low of 138.72 during trading in the last week of May 1998. Economists do not expect the trend to reverse any time soon as the Japanese central bank is expected to lower its interest rates. The situation is also expected ot adversely affect the rest of Asia, which depends heavily on the Japanese economy. Some analysts believe the dollar may gain more strength against the yen in the coming months with rates climbing to about 150 yen to the dollar.

Management, Prices and rates, Interest rates, Yen (Japan)

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Rate-cut talk rekindles anxieties about impact on yen: symptoms of structural deflation prompt concerns, but Central Bank's intentions aren't clear

Article Abstract:

Rumors of a rate cut move by the Japanese Central Bank have rekindled worries that the already low discount rates may yet be lowered to counter structural deflation. The Central Bank's intentions remain unclear but the market is taking the rumors seriously as a rate cut or 0.25% from the current 0.5% could help counter deflation pressures. Rumors started circulating when a top ranking Bank of Japan official mused before parliament about the benefits of lower rates.

Analysis, Deflation (Finance), Deflation (Economics)

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