Report

Yen Weakens on US Interest Rate Speculation

posted by Richard Katz on September 08, 2014

Found in Japan, categorized in Currencies

Tags: yen Abe Richard Katz

Report Cover

Headline

So far in 2014, investors have been net sellers to the tune of ¥753 billion. In 2013, when confidence on Abenomics was rising high, they were net buyers to the tune of ¥16 trillion.

Abstract

After spending month after month in the ¥102/$ range, the yen finally seemed to resume to depreciation on which the Abe team is counting so much. It’s a small breakout: just a couple percentage points to the ¥105/$ range, the cheapest the yen has been since last December.

About Richard Katz

Richard Katz is Senior Fellow at the Carnegie Council for Ethics In International Affairs, the New York correspondent for Weekly Toyo Keizai, a leading Japanese business magazine, and formerly the editor of The Oriental Economist Report, a monthly newsletter on Japan.

Mr. Katz has taught about Japan’s economy as an Adjunct Associate Professor at the New York University Stern School of Business, and as a Visiting Lecturer in Economics at the State University of New York (SUNY) at Stony Brook.

Mr. Katz is the author of two books on Japan's economic travails and has just finished a third book on reviving entrepreeurship in Japan.

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