CurrencyPolicy

Japan's Kato Advocates for Consistency in US Currency Discussions by Referencing Existing Agreements

2 days ago

In a significant development within international economic dialogue, Japan's Deputy Prime Minister, Kato, emphasized the importance of grounding discussions with the United States on existing foreign exchange agreements. This move comes as global markets remain sensitive to currency fluctuations and their implications for trade relations.

Singapore Adjusts Currency Settings in Response to U.S. Tariffs

16 days ago

In a significant move aimed at countering potential growth risks posed by U.S. tariffs, the Monetary Authority of Singapore (MAS) has decided to ease its currency policy. This decision is part of a broader strategy to bolster the city-state’s economy amidst increasing global trade tensions.

PBOC Embraces Yuan Weakness as Fixing Crosses 7.2 per Dollar

18 days ago

In a significant move that reflects the evolving dynamics of China's currency policy, the People's Bank of China (PBOC) has allowed the yuan to weaken, marking a noteworthy moment as the fixing rate surpasses the crucial 7.2 level against the US dollar. This decision is seen as a deliberate strategy to provide support to the economy amidst ongoing domestic and international pressures.

Japan's Kato Responds to Trump: Yen Weakening Policy Denied

2 months ago

In a significant development in international economic relations, Japan's Finance Minister Shunichi Kato has firmly rejected accusations that the nation is actively pursuing a policy aimed at weakening its currency, the yen. This statement comes in the wake of warnings from former U.S. President Donald Trump, who suggested that Japan's supposed strategy could lead to a currency conflict between the two nations.