Arab Today, arab today japanese pm vows to combat yen\s rise announces new tax hike for reconstruction
Last Updated : GMT 04:33:38
Arab Today, arab today
Arab Today, arab today

Japanese PM vows to combat yen\'s rise, announces new tax hike for reconstruction

Arab Today, arab today

Arab Today, arab today Japanese PM vows to combat yen\'s rise, announces new tax hike for reconstruction

Tokyo - Xinhua

Japanese Prime Minister Yoshihiko Noda told parliament on Friday that Japan stands ready to take all measures to tackle the yen\'s appreciation to record highs, suggesting further intervention by Tokyo into currency markets to cool the yen\'s rise. \"A crisis of industrial hollowing continues in the wake of the historic appreciation of the yen,\" Noda said in a major policy speech at an extraordinary Diet session. The Japanese premier was referring a recent trend of large manufacturers opting to set up shop overseas, due to cheaper parts, labor and other costs, as the rapid rise of the yen has made it hard for them to compete on a global scale while based in Japan. \"If big companies move their bases overseas, their medium and small business partners will follow suit and employment that must remain in our country may disappear,\" Noda said. \"We will take every possible measure to respond to the yen\'s appreciation and other issues by working together with the Bank of Japan (BOJ),\" Noda said. The yen was trading close to a postwar high at 75.87 yen versus the U.S. dollar in early trade in Asia, despite the BOJ on Thursday deciding in a unanimous vote to hold its key short-term interest rate at between zero and 0.1 percent, as a means to counteract the yen\'s rise by making it less appealing for speculators to bet on Japan\'s currency, as well as increasing the size of a key asset buying program. Both the finance ministry and the BOJ are closely watching development in the currency market as the Japanese Yen is deemed safe haven against a backdrop of sovereign debt crisis in Eurozone and the likelihood of further monetary easing by the U.S. Federal Reserve.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today japanese pm vows to combat yen\s rise announces new tax hike for reconstruction Arab Today, arab today japanese pm vows to combat yen\s rise announces new tax hike for reconstruction

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Rebel supporters flood Yemen streets

GMT 06:39 2017 Monday ,27 March

Rebel supporters flood Yemen streets
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today Trump to roll back Obama clean power plan

GMT 11:10 2017 Monday ,27 March

Trump to roll back Obama clean power plan
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Uber grounds self-driving cars

GMT 09:11 2017 Monday ,27 March

Uber grounds self-driving cars
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Nermein Al Fekki films “Foxes in the Valley”

GMT 09:58 2017 Saturday ,25 March

Nermein Al Fekki films “Foxes in the Valley”
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 20:03 2017 Saturday ,25 March

Health expert warns from dust sensitivity

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday