ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Economy

To soothe its troubled markets, Japan needs the US on its side

A monitor at a foreign currency broker in Tokyo shows the yen trading at the 105 level against the dollar on May 3.

TOKYO -- The Japanese economy has received some nasty jolts recently. One of the biggest was the Bank of Japan's decision -- against all expectations -- to refrain from loosening monetary policy further. This sparked a sudden surge in the yen's value and plunges in share prices.

The turbulence has gathered steam following the U.S. Treasury Department's announcement that it is including Japan on a new watchlist for foreign exchange practices.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more