Japan's export dependency has increased due to the weakening yen
. Exports' share of GDP increased from 8.8 percent in the second quarter of 1995 to 16.5 percent in the third quarter of 2006.
In the year through last March, Alps Electric paid a total of 12 yen
in per-share dividends, including a year-end dividend of 6 yen
Nippon Conlux, a developer of coin mechanisms for vending machines, fell 21 yen
to 685 yen
's depreciation accelerated after early June.
The current forward rate is 102.17, the current spot is 105.50 and the option is the right to buy yen
What are the alternatives to "talking up the yen
" as a way to secure a reduction in the Japanese trade surplus?
In fiscal 2007, it posted a group net profit of 244.42 billion yen
and a pretax profit of 368.31 billion yen
on sales of 4.03 trillion yen
The special account's paper losses will be realized once the ministry begins to unwind its huge holdings by selling dollars at these lower levels in exchange for yen
. However, currency analysts we contacted suggested that the outlook for the dollar/yen exchange rate looks set to favor a continued slide in the greenback.
The dispersion of the probability distribution of the future dollar-mark exchange rate one-month hence implied by currency options prices was little changed over the quarter but became skewed toward a weaker dollar against the yen
, reflecting a higher cost of protection against a sharp downward move in the dollar-yen exchange rate.
For instance, if you hedge your yen
receivable at 100 yen
per dollar with a forward contract, you'll get $1 for every 100 yen
you deliver to the bank in, say, six months.
The 273-page report is available in Japanese for 105,000 yen
($890) and 115,500 yen
($978) with a supplemental CD-ROM.
Japan's intervention to support the dollar has been increasingly ineffective since the dollar tumbled below [yen]115 last September--the result of implications that the yen
might ease after a Group of Seven meeting that called for flexible exchange rates.
Japan will emerge from its deflationary slump only when the yen
is allowed to weaken.
Japan's 10 electric power companies and four major gas suppliers will raise their charges, effective in October, due to the yen
's depreciation and higher crude oil prices, officials said Thursday.
During the second quarter of 1996, the dollar traded in a relatively narrow range against the Japanese yen
, fluctuating between 104 [yen] and 110 [yen].