Japan's first formal currency system was the Kōchōsen (Japanese: 皇朝銭, "Imperial currency"). It was exemplified by the adoption of Japan's first official coin type, the Wadōkaichin. It was first minted in 708 on order of Empress Gemmei, Japan's 43rd Imperial ruler."Wadōkaichin" is the reading of the four characters printed on the coin, and is thought to be composed of the era name Wadō (和銅, "Japanese copper"), which could alternatively mean "happiness", and "Kaichin", thought to be related to "Currency". The pronunciation of "Kaichin" also sounds similar to "happiness" in Chinese "开心". This coinage was inspired by the Tang coinage (唐銭) named Kaigentsūhō (Chinese: 開元通宝, Kai Yuan Tong Bao), first minted in Chang'an in 621. The Wadokaichin had the same specifications as the Chinese coin, with a diameter of 2.4cm and a weight of 3.75g.
Currency reform (760)
The Wadōkaichin soon became debased, as the government rapidly issued coins with progressively lesser metallic content, and local imitations thrived. In 760, a reform was put in place, in which a new copper coin called Mannentsūhō (万年通寶) was worth 10 times the value of the former Wadōkaichin, with also a new silver coin named Taiheigenbō (大平元寶) with a value of 10 copper coins, as well as a new gold coin named Kaikishōhō (開基勝寶) with a value of 10 silver coins.
Marc Chandler, Bannockburn Global Forex chief market strategist, joins 'Squawk Box' to discuss news of the Japanese yen popping yesterday after a suspected intervention from the Japanese government, impact of the Fed's interest rate path on the yen, and more.
published: 30 Apr 2024
Japanese Yen PLUNGING, Worrying Governments Around The World
It's not just that Japan's yen is crashing, it's what a yen crash means to everyone not only in Japan. But why? All you'll hear from the mainstream and most "experts" is that every currency exchange rate movement including JPY must be somehow related to a central bank, especially the Fed. It's a myth easily debunked. When doing the debunking the real truth emerges and it's not good.
Eurodollar University's Money & Macro Analysis
Bloomberg Yen Drops Beyond 158 Per Dollar as BOJ Keeps Key Rate Unchanged
https://www.bloomberg.com/news/articles/2024-04-26/yen-drops-to-fresh-34-year-low-as-boj-keeps-key-rate-unchanged
Trilateral Ministerial Joint Press Statement
https://home.treasury.gov/news/press-releases/jy2264
FOMC Transcript February 1998
https://www.federalreserve.gov/monetarypolicy/...
published: 27 Apr 2024
Why Traders Should Care About the Japanese Yen
James Lord, Global Head of FX and EM Strategy with Morgan Stanley, examines the yen's rebound from its weakest level against the US dollar since 1990 as speculation swirls that the Japanese government intervened to support its beleaguered currency. James speaks with Tom Keene and Paul Sweeney on Bloomberg Radio.
Get more on the Bloomberg Surveillance Podcast:
Apple: http://bit.ly/3OPtReI
Spotify: http://bit.ly/42xmHPz
Anywhere: http://bit.ly/3oOD8ZH
--------
Watch Bloomberg Radio LIVE on YouTube
Weekdays 7am-6pm ET
WATCH HERE: http://bit.ly/3vTiACF
Follow us on X: https://twitter.com/BloombergRadio
Subscribe to our Podcasts:
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...
published: 29 Apr 2024
Japanese Yen hits ¥155 to $1 — Exchange Rate Chaos
Japanese Yen hits ¥155 to $1 — Exchange Rate Chaos. What happens at ¥155? Bloomberg video from 2023: https://youtu.be/JkcJwqS4U98?si=Vm8fpOXZZIxdjjG_ #usdjpy
published: 25 Apr 2024
Japan’s Massive Money Experiment Is Over. Now What?
On March 19, Japan’s central bank ended its latest economic experiment. The BOJ scrapped the world’s last negative interest rate policy, with the first rate hike since 2007. The move ends the most aggressive monetary stimulus program in modern history, signaling confidence that the country is finally leaving behind years of deflation and economic stagnation. How will this massive shift disrupt everyday lives across the country and beyond?
Read More on Bloomberg: https://www.bloomberg.com/news/features/2024-03-21/how-historic-boj-rate-shift-is-pushing-consumers-to-rethink-their-money
00:00 - Introduction
01:14 - The Japanese economic miracle
02:37 - Bubble burst
03:18 - Decades of deflation
04:23 - Era of QQE
05:40 - Inflation comeback
06:52 - BOJ ends negative rates
--------
Like t...
published: 22 Mar 2024
What does the yen at a 34-year low mean for Japanese companies, consumers and tourism?
The Japanese yen has fallen sharply to a 34-year low against the US dollar. The weak yen is positive for inbound visitors, but Japanese consumers and companies are feeling the pinch. CNA's Henry Yin and Michiyo Ishida explain.
Marc Chandler, Bannockburn Global Forex chief market strategist, joins 'Squawk Box' to discuss news of the Japanese yen popping yesterday after a suspected inte...
Marc Chandler, Bannockburn Global Forex chief market strategist, joins 'Squawk Box' to discuss news of the Japanese yen popping yesterday after a suspected intervention from the Japanese government, impact of the Fed's interest rate path on the yen, and more.
Marc Chandler, Bannockburn Global Forex chief market strategist, joins 'Squawk Box' to discuss news of the Japanese yen popping yesterday after a suspected intervention from the Japanese government, impact of the Fed's interest rate path on the yen, and more.
It's not just that Japan's yen is crashing, it's what a yen crash means to everyone not only in Japan. But why? All you'll hear from the mainstream and most "ex...
It's not just that Japan's yen is crashing, it's what a yen crash means to everyone not only in Japan. But why? All you'll hear from the mainstream and most "experts" is that every currency exchange rate movement including JPY must be somehow related to a central bank, especially the Fed. It's a myth easily debunked. When doing the debunking the real truth emerges and it's not good.
Eurodollar University's Money & Macro Analysis
Bloomberg Yen Drops Beyond 158 Per Dollar as BOJ Keeps Key Rate Unchanged
https://www.bloomberg.com/news/articles/2024-04-26/yen-drops-to-fresh-34-year-low-as-boj-keeps-key-rate-unchanged
Trilateral Ministerial Joint Press Statement
https://home.treasury.gov/news/press-releases/jy2264
FOMC Transcript February 1998
https://www.federalreserve.gov/monetarypolicy/files/FOMC19980204meeting.pdf
https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU
It's not just that Japan's yen is crashing, it's what a yen crash means to everyone not only in Japan. But why? All you'll hear from the mainstream and most "experts" is that every currency exchange rate movement including JPY must be somehow related to a central bank, especially the Fed. It's a myth easily debunked. When doing the debunking the real truth emerges and it's not good.
Eurodollar University's Money & Macro Analysis
Bloomberg Yen Drops Beyond 158 Per Dollar as BOJ Keeps Key Rate Unchanged
https://www.bloomberg.com/news/articles/2024-04-26/yen-drops-to-fresh-34-year-low-as-boj-keeps-key-rate-unchanged
Trilateral Ministerial Joint Press Statement
https://home.treasury.gov/news/press-releases/jy2264
FOMC Transcript February 1998
https://www.federalreserve.gov/monetarypolicy/files/FOMC19980204meeting.pdf
https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU
James Lord, Global Head of FX and EM Strategy with Morgan Stanley, examines the yen's rebound from its weakest level against the US dollar since 1990 as specula...
James Lord, Global Head of FX and EM Strategy with Morgan Stanley, examines the yen's rebound from its weakest level against the US dollar since 1990 as speculation swirls that the Japanese government intervened to support its beleaguered currency. James speaks with Tom Keene and Paul Sweeney on Bloomberg Radio.
Get more on the Bloomberg Surveillance Podcast:
Apple: http://bit.ly/3OPtReI
Spotify: http://bit.ly/42xmHPz
Anywhere: http://bit.ly/3oOD8ZH
--------
Watch Bloomberg Radio LIVE on YouTube
Weekdays 7am-6pm ET
WATCH HERE: http://bit.ly/3vTiACF
Follow us on X: https://twitter.com/BloombergRadio
Subscribe to our Podcasts:
Bloomberg Daybreak: http://bit.ly/3DWYoAN
Bloomberg Surveillance: http://bit.ly/3OPtReI
Bloomberg Intelligence: http://bit.ly/3YrBfOi
Balance of Power: http://bit.ly/3OO8eLC
Bloomberg Businessweek: http://bit.ly/3IPl60i
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James Lord, Global Head of FX and EM Strategy with Morgan Stanley, examines the yen's rebound from its weakest level against the US dollar since 1990 as speculation swirls that the Japanese government intervened to support its beleaguered currency. James speaks with Tom Keene and Paul Sweeney on Bloomberg Radio.
Get more on the Bloomberg Surveillance Podcast:
Apple: http://bit.ly/3OPtReI
Spotify: http://bit.ly/42xmHPz
Anywhere: http://bit.ly/3oOD8ZH
--------
Watch Bloomberg Radio LIVE on YouTube
Weekdays 7am-6pm ET
WATCH HERE: http://bit.ly/3vTiACF
Follow us on X: https://twitter.com/BloombergRadio
Subscribe to our Podcasts:
Bloomberg Daybreak: http://bit.ly/3DWYoAN
Bloomberg Surveillance: http://bit.ly/3OPtReI
Bloomberg Intelligence: http://bit.ly/3YrBfOi
Balance of Power: http://bit.ly/3OO8eLC
Bloomberg Businessweek: http://bit.ly/3IPl60i
Listen on Apple CarPlay and Android Auto with the Bloomberg Business app:
Apple CarPlay: https://apple.co/486mghI
Android Auto: https://bit.ly/49benZy
Visit our YouTube channels:
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Quicktake: https://www.youtube.com/@BloombergQuicktake
Japanese Yen hits ¥155 to $1 — Exchange Rate Chaos. What happens at ¥155? Bloomberg video from 2023: https://youtu.be/JkcJwqS4U98?si=Vm8fpOXZZIxdjjG_ #usdjpy
Japanese Yen hits ¥155 to $1 — Exchange Rate Chaos. What happens at ¥155? Bloomberg video from 2023: https://youtu.be/JkcJwqS4U98?si=Vm8fpOXZZIxdjjG_ #usdjpy
Japanese Yen hits ¥155 to $1 — Exchange Rate Chaos. What happens at ¥155? Bloomberg video from 2023: https://youtu.be/JkcJwqS4U98?si=Vm8fpOXZZIxdjjG_ #usdjpy
On March 19, Japan’s central bank ended its latest economic experiment. The BOJ scrapped the world’s last negative interest rate policy, with the first rate hik...
On March 19, Japan’s central bank ended its latest economic experiment. The BOJ scrapped the world’s last negative interest rate policy, with the first rate hike since 2007. The move ends the most aggressive monetary stimulus program in modern history, signaling confidence that the country is finally leaving behind years of deflation and economic stagnation. How will this massive shift disrupt everyday lives across the country and beyond?
Read More on Bloomberg: https://www.bloomberg.com/news/features/2024-03-21/how-historic-boj-rate-shift-is-pushing-consumers-to-rethink-their-money
00:00 - Introduction
01:14 - The Japanese economic miracle
02:37 - Bubble burst
03:18 - Decades of deflation
04:23 - Era of QQE
05:40 - Inflation comeback
06:52 - BOJ ends negative rates
--------
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Subscribe for business news, but not as you've known it: exclusive interviews, fascinating profiles, data-driven analysis, and the latest in tech innovation from around the world.
Visit our partner channel Bloomberg Quicktake for global news and insight in an instant.
On March 19, Japan’s central bank ended its latest economic experiment. The BOJ scrapped the world’s last negative interest rate policy, with the first rate hike since 2007. The move ends the most aggressive monetary stimulus program in modern history, signaling confidence that the country is finally leaving behind years of deflation and economic stagnation. How will this massive shift disrupt everyday lives across the country and beyond?
Read More on Bloomberg: https://www.bloomberg.com/news/features/2024-03-21/how-historic-boj-rate-shift-is-pushing-consumers-to-rethink-their-money
00:00 - Introduction
01:14 - The Japanese economic miracle
02:37 - Bubble burst
03:18 - Decades of deflation
04:23 - Era of QQE
05:40 - Inflation comeback
06:52 - BOJ ends negative rates
--------
Like this video? Subscribe: http://www.youtube.com/Bloomberg?sub_confirmation=1
Get unlimited access to Bloomberg.com for $1.99/month for the first 3 months: https://www.bloomberg.com/subscriptions?in_source=YoutubeOriginals
Bloomberg Originals offers bold takes for curious minds on today’s biggest topics. Hosted by experts covering stories you haven’t seen and viewpoints you haven’t heard, you’ll discover cinematic, data-led shows that investigate the intersection of business and culture. Exploring every angle of climate change, technology, finance, sports and beyond, Bloomberg Originals is business as you’ve never seen it.
Subscribe for business news, but not as you've known it: exclusive interviews, fascinating profiles, data-driven analysis, and the latest in tech innovation from around the world.
Visit our partner channel Bloomberg Quicktake for global news and insight in an instant.
The Japanese yen has fallen sharply to a 34-year low against the US dollar. The weak yen is positive for inbound visitors, but Japanese consumers and companies ...
The Japanese yen has fallen sharply to a 34-year low against the US dollar. The weak yen is positive for inbound visitors, but Japanese consumers and companies are feeling the pinch. CNA's Henry Yin and Michiyo Ishida explain.
The Japanese yen has fallen sharply to a 34-year low against the US dollar. The weak yen is positive for inbound visitors, but Japanese consumers and companies are feeling the pinch. CNA's Henry Yin and Michiyo Ishida explain.
Marc Chandler, Bannockburn Global Forex chief market strategist, joins 'Squawk Box' to discuss news of the Japanese yen popping yesterday after a suspected intervention from the Japanese government, impact of the Fed's interest rate path on the yen, and more.
It's not just that Japan's yen is crashing, it's what a yen crash means to everyone not only in Japan. But why? All you'll hear from the mainstream and most "experts" is that every currency exchange rate movement including JPY must be somehow related to a central bank, especially the Fed. It's a myth easily debunked. When doing the debunking the real truth emerges and it's not good.
Eurodollar University's Money & Macro Analysis
Bloomberg Yen Drops Beyond 158 Per Dollar as BOJ Keeps Key Rate Unchanged
https://www.bloomberg.com/news/articles/2024-04-26/yen-drops-to-fresh-34-year-low-as-boj-keeps-key-rate-unchanged
Trilateral Ministerial Joint Press Statement
https://home.treasury.gov/news/press-releases/jy2264
FOMC Transcript February 1998
https://www.federalreserve.gov/monetarypolicy/files/FOMC19980204meeting.pdf
https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU
James Lord, Global Head of FX and EM Strategy with Morgan Stanley, examines the yen's rebound from its weakest level against the US dollar since 1990 as speculation swirls that the Japanese government intervened to support its beleaguered currency. James speaks with Tom Keene and Paul Sweeney on Bloomberg Radio.
Get more on the Bloomberg Surveillance Podcast:
Apple: http://bit.ly/3OPtReI
Spotify: http://bit.ly/42xmHPz
Anywhere: http://bit.ly/3oOD8ZH
--------
Watch Bloomberg Radio LIVE on YouTube
Weekdays 7am-6pm ET
WATCH HERE: http://bit.ly/3vTiACF
Follow us on X: https://twitter.com/BloombergRadio
Subscribe to our Podcasts:
Bloomberg Daybreak: http://bit.ly/3DWYoAN
Bloomberg Surveillance: http://bit.ly/3OPtReI
Bloomberg Intelligence: http://bit.ly/3YrBfOi
Balance of Power: http://bit.ly/3OO8eLC
Bloomberg Businessweek: http://bit.ly/3IPl60i
Listen on Apple CarPlay and Android Auto with the Bloomberg Business app:
Apple CarPlay: https://apple.co/486mghI
Android Auto: https://bit.ly/49benZy
Visit our YouTube channels:
Bloomberg Podcasts: https://www.youtube.com/bloombergpodcasts
Bloomberg Television: https://www.youtube.com/@markets
Bloomberg Originals: https://www.youtube.com/bloomberg
Quicktake: https://www.youtube.com/@BloombergQuicktake
Japanese Yen hits ¥155 to $1 — Exchange Rate Chaos. What happens at ¥155? Bloomberg video from 2023: https://youtu.be/JkcJwqS4U98?si=Vm8fpOXZZIxdjjG_ #usdjpy
On March 19, Japan’s central bank ended its latest economic experiment. The BOJ scrapped the world’s last negative interest rate policy, with the first rate hike since 2007. The move ends the most aggressive monetary stimulus program in modern history, signaling confidence that the country is finally leaving behind years of deflation and economic stagnation. How will this massive shift disrupt everyday lives across the country and beyond?
Read More on Bloomberg: https://www.bloomberg.com/news/features/2024-03-21/how-historic-boj-rate-shift-is-pushing-consumers-to-rethink-their-money
00:00 - Introduction
01:14 - The Japanese economic miracle
02:37 - Bubble burst
03:18 - Decades of deflation
04:23 - Era of QQE
05:40 - Inflation comeback
06:52 - BOJ ends negative rates
--------
Like this video? Subscribe: http://www.youtube.com/Bloomberg?sub_confirmation=1
Get unlimited access to Bloomberg.com for $1.99/month for the first 3 months: https://www.bloomberg.com/subscriptions?in_source=YoutubeOriginals
Bloomberg Originals offers bold takes for curious minds on today’s biggest topics. Hosted by experts covering stories you haven’t seen and viewpoints you haven’t heard, you’ll discover cinematic, data-led shows that investigate the intersection of business and culture. Exploring every angle of climate change, technology, finance, sports and beyond, Bloomberg Originals is business as you’ve never seen it.
Subscribe for business news, but not as you've known it: exclusive interviews, fascinating profiles, data-driven analysis, and the latest in tech innovation from around the world.
Visit our partner channel Bloomberg Quicktake for global news and insight in an instant.
The Japanese yen has fallen sharply to a 34-year low against the US dollar. The weak yen is positive for inbound visitors, but Japanese consumers and companies are feeling the pinch. CNA's Henry Yin and Michiyo Ishida explain.
Japan's first formal currency system was the Kōchōsen (Japanese: 皇朝銭, "Imperial currency"). It was exemplified by the adoption of Japan's first official coin type, the Wadōkaichin. It was first minted in 708 on order of Empress Gemmei, Japan's 43rd Imperial ruler."Wadōkaichin" is the reading of the four characters printed on the coin, and is thought to be composed of the era name Wadō (和銅, "Japanese copper"), which could alternatively mean "happiness", and "Kaichin", thought to be related to "Currency". The pronunciation of "Kaichin" also sounds similar to "happiness" in Chinese "开心". This coinage was inspired by the Tang coinage (唐銭) named Kaigentsūhō (Chinese: 開元通宝, Kai Yuan Tong Bao), first minted in Chang'an in 621. The Wadokaichin had the same specifications as the Chinese coin, with a diameter of 2.4cm and a weight of 3.75g.
Currency reform (760)
The Wadōkaichin soon became debased, as the government rapidly issued coins with progressively lesser metallic content, and local imitations thrived. In 760, a reform was put in place, in which a new copper coin called Mannentsūhō (万年通寶) was worth 10 times the value of the former Wadōkaichin, with also a new silver coin named Taiheigenbō (大平元寶) with a value of 10 copper coins, as well as a new gold coin named Kaikishōhō (開基勝寶) with a value of 10 silver coins.
... week by suggesting a prolonged pause in the institution's monetary policy tightening, in the face of domestic and international economic uncertainties, which had sent the Japanese currency tumbling.
The US currency was also nearing a 5.5% gain this month against the yen and an 11.8% advance for 2024 against the weakened Japanese currency, while the euro stayed close to two-year lows.
Japan’s currency got little respite from a fresh warning by the country’s minister of finance that the government “has been alarmed by foreign exchange developments and will take appropriate action against excessive moves.”.
(MENAFN - DailyForex) The Bank of Japan's recent caution regarding future interest rate hikes has significantly weakened the Japanese Yen against other major currencies, led by the US Dollar... .
... week by suggesting a prolonged pause in the institution's monetary policy tightening, in the face of domestic and international economic un-certainties, which had sent the Japanese currency tumbling.
The dollar was also nearing a 5.5 per cent gain this month against the yen and an 11.8 per cent advance for 2024 against the weakened Japanese currency, while the euro stayed close to two-year lows.
... week by suggesting a prolonged pause in the institution's monetary policy tightening, in the face of domestic and international economic uncertainties, which had sent the Japanese currency tumbling.
The Japanese government apparently stated that it presently does not know of the related trends in the US and other countries and plans to establish a Bitcoin reserve is still in the discussion stage.
A substantial foreign exchange reserve buffer also helps shield domestic economic activity from global shocks.The latest RBI data showed that India's foreign currency assets (FCA), the largest ...
Honda and Nissan (7201.T) have signed a memorandum of understanding to begin talks that could lead to the largest domestic merger in Japanese automotive history, potentially creating the world’s third-largest carmaker by sales.
The BSP recorded $1.56 billion as positive FX revaluation of borrowings in other currencies during the quarter, primarily due to the weaker US dollar against the Japanese yen.