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The Japanese yen rose Monday, getting a break from recent declines after a senior Japanese government official said the currency's "correction" had largely run its course.Against the Japanese yen, the U.S. dollar (USDJPY) fell to Yen102.83, down from Yen102.97 late Friday. The greenback had broken above the Yen103 level on Friday for the first time since October 2008.Japan's Economic Minister Akira Amari reportedly said on a talk show Sunday that the "correction" of the yen is "largely completed."Further weakness in the currency would harmful, he said, and the government's job is to determine how to minimize the negative impact.The yen has dropped about 11% against the dollar since the Bank of Japan in early April announced a two-year campaign to pump about $1.4 trillion into the economy to battle deflation. Since the start of the year, the yen is down roughly 20% against the dollar.Yen weakness has helped boost the profit -- and share prices -- of many Japanese exporters, which in tur...
International companies trading in New York closed mixed Friday amid positive trade data in Germany and a weakening yen in Japan.The Bank of New York index of ADRs r...
Most European stock markets hit 2013 records on Friday, extending gains into a fourth straight day, as German stocks climbed to an all-time high after upbeat trade d...
European stock markets were on track to reach fresh 2013 records on Friday, keying off gains in Asia, where Japanese shares jumped after the U.S. dollar climbed abov...
European stock markets were on track for reaching fresh 2013 records on Friday, keying off gains in Asia, where Japanese shares jumped after the U.S. dollar climbed ...
U.S. stocks declined moderately on Thursday, halting Wall Street's record-setting streak, even as data showed that weekly jobless claims fell to a five-year low."We'...
In 2008 the Federal Reserve announced the first round of monetary stimulus that would later become known as quantitative easing (QE). Since then, the Fed has announ...
U.S. stocks erased modest gains to turn lower Thursday afternoon, halting Wall Street's record-setting streak, even as data showed that weekly jobless claims fell to...
With the U.S. inflation rate about half of the Federal Reserve's 2.0 percent target, the central bank is facing a major test and some experts wonder whether it will ...
It is said that a picture is worth a thousand words. The saying refers to the ability of a picture to take a complex idea and make it so much simpler. The point i...
Subdued factory and investment growth probably capped China's inflation in April and depressed producer prices for a 14th consecutive month, a Reuters poll showed, c...
Emerging Asian neighbors are bracing for a surge in capital flows after Japan's unprecedented bid to pump up its long-moribund economy but most believe the upside of...
What happens when the Federal Reserve keeps interest rates at nearly zero for more than four years and simultaneously buys trillions of dollars worth of bonds to pum...
Japanese Prime Minister Shinzo Abe, unveiling the latest tranche of his growth strategy on Friday, set targets to triple infrastructure exports, double sales of agri...
The latest batch of economic indicators released on Thursday is likely to bolster concerns that the U.S. economy is in jeopardy of succumbing to yet another spring s...
A sharp drop in gasoline costs led consumer prices to tumble in April by the most in over four years, while a gauge of underlying inflation was so weak it could worr...
A sharp drop in gasoline costs led U.S. consumer prices to tumble in April by the most in over four years, while a gauge of underlying inflation was so weak it could...
Japan's top three banks forecast weaker annual earnings as aggressive monetary easing squeezes them out of a profitable government bond trade and forces them to rely...
Gold futures settled lower on Monday, extending their decline to a third session on strength in the dollar and concerns that the U.S. Federal Reserve may soon scale ...
A flood of data this week will paint a mixed picture of the global economy, with belt-tightening continuing to dampen activity in the euro zone, but accommodative po...