Created
: 2024.04.24
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
70% of Japanese companies will implement pay-scale increases in FY 2024
World FX news
Breaking news
70% of Japanese companies will implement pay-scale increases in FY 2024
New
2024.04.24 10:06
2024.04.24 10:06
2024.04.24 10:06
A survey by the Finance Ministry showed on Monday that about 70% of companies in Japan will raise pay scale in fiscal year 2024, per Japan Times.
Additional takeaways
"The proportion of companies planning to raise their pay scales stood at 70.7%, up by 6.3 percentage points from the previous year."
"Companies at which pay-scale hikes and regular pay increases will total 5% or more came to 36.5%, nearly doubling from the previous year."
"50.2% of small and medium-sized firms said that they had been unable to pass on rising labor costs in their product and service prices."
"The survey also showed that about 40% of firms were struggling with labor shortages even after raising wages."
Market reaction
At the time of press, the USD/JPY pair was down 0.03% on the day at 154.80.
Japanese Yen FAQs
The Japanese Yen (JPY) is one of the world's most traded currencies. Its value is broadly determined by the performance of the Japanese economy, but more specifically by the Bank of Japan's policy, the differential between Japanese and US bond yields, or risk sentiment among traders, among other factors.
One of the Bank of Japan's mandates is currency control, so its moves are key for the Yen. The BoJ has directly intervened in currency markets sometimes, generally to lower the value of the Yen, although it refrains from doing it often due to political concerns of its main trading partners. The current BoJ ultra-loose monetary policy, based on massive stimulus to the economy, has caused the Yen to depreciate against its main currency peers. This process has exacerbated more recently due to an increasing policy divergence between the Bank of Japan and other main central banks, which have opted to increase interest rates sharply to fight decades-high levels of inflation.
The BoJ's stance of sticking to ultra-loose monetary policy has led to a widening policy divergence with other central banks, particularly with the US Federal Reserve. This supports a widening of the differential between the 10-year US and Japanese bonds, which favors the US Dollar against the Japanese Yen.
The Japanese Yen is often seen as a safe-haven investment. This means that in times of market stress, investors are more likely to put their money in the Japanese currency due to its supposed reliability and stability. Turbulent times are likely to strengthen the Yen's value against other currencies seen as more risky to invest in.
Last updated
: 2024.04.24
Related articles
NZD/USD edges lower to near 0.6000 amid stable US Dollar
14 minutes agoECB's Lane: Confidence in getting inflation lower is improving
30 minutes agoUSD/JPY snaps three-day losing streak above 153.50, Yellen counsels caution on currency intervention
2024.05.06 11:06Australian Dollar extends gains due to improved risk appetite
2024.05.06 10:54China's Caixin Services PMI eases to 52.5 in April, as expected
2024.05.06 10:50PBoC sets USD/CNY reference rate at 7.0994 vs 7.1063 previous
2024.05.06 10:20
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
NZD/USD edges lower to near 0.6000 amid stable US Dollar
The NZD/USD pair experienced a slight decline after three consecutive days of gains, trading around 0.6000 during the Asian session on Monday.
New
2024.05.06 13:23Gold price rebounds on downbeat NFP data, softer US Dollar
Gold price (XAU/USD) snaps the two-day losing streak during the Asian session on Monday.
New
2024.05.06 13:11ECB's Lane: Confidence in getting inflation lower is improving
The European Central Bank (ECB) Chief Economist Philip Lane said on Monday that the recent Eurozone economic data have made him more certain that inflation is returning to the ECB 2% target, boosting the possibility of a first interest-rate cut in June, per Bloomberg.
New
2024.05.06 13:07WTI halts losing streak after Saudi Arabia raises Oil prices for June
West Texas Intermediate (WTI) crude Oil price snaps its losing streak, trading around $78.20 per barrel during the Asian session on Monday.
New
2024.05.06 12:02USD/JPY snaps three-day losing streak above 153.50, Yellen counsels caution on currency intervention
The USD/JPY pair snap a three-day losing streak during the Asian trading hours on Monday.
New
2024.05.06 11:06Australian Dollar extends gains due to improved risk appetite
The Australian Dollar (AUD) maintained its winning streak for the fourth consecutive session on Monday, buoyed by a hawkish sentiment surrounding the Reserve Bank of Australia (RBA).
New
2024.05.06 10:54China's Caixin Services PMI eases to 52.5 in April, as expected
China's Services Purchasing Managers' Index (PMI) eased to 52.5 in April, compared with the March print of 52.7, the latest data published by Caixin showed on Tuesday.
New
2024.05.06 10:50PBoC sets USD/CNY reference rate at 7.0994 vs 7.1063 previous
The People's Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Monday at 7.0994 as compared to the previous day's fix of 7.1063 and 7.2127 Reuters estimates.
New
2024.05.06 10:20EUR/USD holds positive ground above 1.0750 ahead of Eurozone PMI, PPI data
The EUR/USD pair trades in positive territory for the fourth consecutive day near 1.0765 on Monday during the early Asian trading hours.
New
2024.05.06 09:50Gold Price Forecast: XAU/USD holds below $2,300, Fedspeak eyed
Gold price (XAU/USD) loses its recovery momentum around $2,295 on Monday during the early Asian session.
New
2024.05.06 08:59Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
