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June 30, 2026
 

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YEN

Passersby walk past a screen displaying the Nikkei share average and current yen exchange rate against the U.S. dollar outside a brokerage in Tokyo on Monday.
BUSINESS / Markets
May 30, 2026
Japan used record $73.6 billion to support yen over past month
Finance Ministry data for the month from April 28 to Wednesday showed a total intervention of ¥11.73 trillion ($73.6 billion) over a period marked by several spikes in the yen.
The Bank of Japan will probably increase its benchmark rate next month, according to Makoto Sakurai, who served on the central bank's board from 2016 to 2021.
BUSINESS / Economy
May 29, 2026
BOJ will probably raise rates in June, former board member says
The central bank’s policy will fall into a state of being behind otherwise, says Makoto Sakurai, who served on its board from 2016 to 2021.
Initial analysis of Bank of Japan accounts indicates as much as ¥10 trillion ($63 billion) was spent to bolster the yen from April 30 through May 6.
BUSINESS / Markets
May 28, 2026
Japan intervention data eyed as yen hovers near 160 per dollar
A person familiar with the matter said intervention took place on April 30 and price moves through May 6 bear the hallmarks of government purchases.
"Japan’s experience shows that oil price shocks are never just oil price shocks. They are tests of the entire inflation regime,” Bank of Japan Gov. Kazuo Ueda said Wednesday in a speech to open a two-day international banking conference in Tokyo.
BUSINESS / Economy
May 27, 2026
BOJ’s Ueda warns of oil shock’s impact on entire inflation regime
Following the outbreak of the Middle East conflict, Ueda has repeatedly said that the central bank needs to pay attention to upside inflation risks.
Bank of Japan Gov. Kazuo Ueda has been taking time to gauge the effects of the conflict in the Middle East.
BUSINESS / Economy
May 21, 2026
Bank of Japan might be behind the curve on interest rate increases
The wait-and-see approach is becoming an issue with yen weak, bond prices falling and doubts increasing about fiscal discipline.
Morgan Stanley Japan chief Alberto Tamura said warned the yen could weaken to 170 versus the dollar or gain to 140 depending on how the Bank of Japan decides to act.
BUSINESS / Companies
May 20, 2026
Morgan Stanley Japan head says BOJ hike key to strengthening yen
If the central bank fails to raise interest rates in June, that would have an impact on the bond and currency markets, Alberto Tamura said in an interview.
Finance Minister Satsuki Katayama said Japan is ready to take bold action in the FX market if needed.
BUSINESS / Economy
May 20, 2026
Japan’s finance chief pledges bold action for weak yen as needed
“We have understanding” from the G7 counterparts, Finance Minister Satsuki Katayama said. “We will take bold action as needed.”
Finance Minister Satsuki Katayama poses for a photo ahead of a G7 finance ministers and central bank governors meeting in Paris on Monday.
BUSINESS / Economy
May 19, 2026
Japan ready to act on foreign exchange volatility
Rising U.S. Treasury yields have fueled market speculation that Washington may become sensitive to large-scale yen-buying, dollar-selling intervention by Japan.
An electronic screen displays the yen exchange rate against the U.S. dollar, euro and other foreign currencies in Tokyo on Tuesday.
BUSINESS / Markets
May 16, 2026
Curious yen spikes have traders gaming Japan ‘warning shots’
Investors and strategists are debating whether Japanese authorities are trying to stem further weakness in the yen through smaller operations.
Alphabet, the parent of Google, sold ¥576.5 billion ($3.6 billion) in bonds in the largest ever yen deal by a non-Japanese company as competition to fund data centers and AI infrastructure intensifies.
BUSINESS / Companies
May 15, 2026
Alphabet sells biggest yen bond on record by foreign issuer
The Google parent sold ¥576.5 billion ($3.6 billion) of bonds as competition to fund centers and AI infrastructure intensifies.
While refraining from confirming intervention to support the yen, Japan’s top currency official said authorities are prepared to respond on all fronts to speculative moves.
BUSINESS / Markets
May 11, 2026
Yen bears retreat as intervention seen capping currency weakness
The pullback followed multiple rounds of intervention by Japanese authorities starting April 30 and through the Golden Week holiday.
Bank of Japan Gov. Kazuo Ueda arrives for a news conference after a BOJ policy meeting in Tokyo last month.
BUSINESS / Economy / ANALYSIS
May 9, 2026
Japan bets on Washington and BOJ for extra punch in yen battle
The strategy is reliant on a small cast of heavyweights and is aimed less at a dramatic turnaround than at raising the cost of betting against the yen.
Bank of Japan Gov. Kazuo Ueda (center) attends a monetary policy meeting with other high-ranking officials in Tokyo on April 28.
EDITORIALS
May 8, 2026
Japan pulls out the stops to halt the yen’s slide
While the yen’s dive has been abetted by speculators, the real causes of the currency’s weakness are structural.
The Nikkei stock average rose 5.6% to close at a record high of 62,833.84 Thursday, ending above 62,000 for the first time.
BUSINESS / Markets
May 7, 2026
Japan’s Nikkei soars to a record on U.S.-Iran deal optimism
The tech-heavy Nikkei 225 Stock Average advanced 5.6% to close at a record high of 62,833.84, ending above 62,000 for the first time ever.
Talk about Japan’s market action has dominated trader discussions in recent days, with many seeing the 160 level as a trigger point for currency officials.
BUSINESS / Markets
May 7, 2026
Yen spikes to 10-week high and sparks intervention chatter
Japan is prepared to respond on all fronts to speculative moves in the foreign exchange market, the nation’s top currency official signaled.
U.S. Treasury Secretary Scott Bessent is ‌arranging a ‌three-day visit to Japan starting Monday, according to a source familiar with the matter.
BUSINESS / Economy
May 7, 2026
U.S. Treasury Secretary Scott Bessent to meet Takaichi and others next week
Bessent will speak individually with Prime Minister Sanae Takaichi, Finance Minister Satsuki Katayama and BOJ Gov. Kazuo Ueda during his three-day visit, sources have said.
Finance Minister Satsuki Katayama speaks during a news conference in Samarkand, Uzbekistan, on Monday.
BUSINESS / Markets
May 6, 2026
Yen rallies to build on gains spurred by recent intervention
Japan’s currency rose as much as 1.8% to ¥155.04 per dollar in Asia trading, its strongest level since Feb. 24, before paring the move to trade around ¥156.37.
A Finance Ministry official cited an International Monetary Fund rule on Monday noting that three days of intervention count as a single market operation.
BUSINESS / Markets
May 5, 2026
Japan can intervene twice more before November under IMF rules, official notes
The comments came after the yen surged last Thursday following reported intervention by the authorities, and also saw a number of intraday rallies during days that followed.
The yen has traded in a narrow ¥158 to ¥159 range against the dollar for two months as Japan steps up efforts to contain further weakness.
COMMENTARY
May 5, 2026
‘Keep phones on,’ Tokyo warns as yen battle intensifies
Traders are going to need to hold onto their devices going forward, as these kinds of interventions are becoming the new normal.
Finance Minister Satsuki Katayama declined to comment on potential FX intervention on Monday, saying instead on the sidelines of the Asian Development Bank’s annual meeting in Uzbekistan that markets had seen speculative trading.
JAPAN
May 4, 2026
Yen briefly jumps in Asia trade, putting investors on high alert
The whipsaw trading came after Japan likely spent around ¥5.4 trillion ($34.5 billion) last week to support the yen.
Uruguay federation reportedly cancels charter flight after World Cup exit
Uruguay's Jose Maria Gimenez reacts after the team's loss against Spain at the 2026 FIFA World Cup on Friday.
Inside Japan’s rigid adoption system, a British family finds a way
James Benstead, his wife, Jesse, and their three children. Their adopted son is in the rear stroller.
India’s gig workers pay the price for exposure to New Delhi’s hazardous air
Rohit Kushwaha waits for a customer as he delivers his last parcel of the day, in New Delhi in January. His work as a delivery driver has helped pay the family’s bills, but has had a significant impact on his health.
Chinese and Russian bombers and fighter jets stage joint patrol near Japan
A Chinese Air Force H-6 bomber is seen during a joint patrol with Russian military aircraft on Saturday.
U.S. missile moves in Japan send China clear message: A new era has arrived
Soldiers conduct the first Typhon midrange capability live-fire exercise outside of the continental United States, firing an SM-6 missile in July last year in Australia's Northern Territory during Exercise Talisman Sabre.
Japan’s fertility system offers few safe paths for same-sex couples
A Tokyo Pride parade participant holds a sign that says "we want to be a married couple, not a couple."
Inside Japan’s rigid adoption system, a British family finds a way
James Benstead, his wife, Jesse, and their three children. Their adopted son is in the rear stroller.
A French ship with close ties to Japan combines arts and sciences on the high seas
Romain Troublé, the executive director of Tara Ocean Foundation, speaks to visitors aboard the Tara during a rare port call in Tokyo in April.
In Kyushu’s far south, Senti.U sparks a culinary destination
Chef Yasuhiko Uchida was born in Saga Prefecture but has made his home in Kanoya, Kagoshima Prefecture, since 2012.
‘The colors speak for themselves’: How Japan’s chroma bible went global
“A Dictionary of Color Combinations” is meant to function as a quick-reference guide for artists, designers and anyone with a passing interest in aesthetics as a quantifiable pursuit.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

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What Yokoze can teach Japan about rural revival
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