Companies Are Flexible About The Yen's

The Asian region witnessed a number of economic data where the Chinese data helped in supporting markets with better than expected manufacturing expansion. The data helped further in clearing the uncertainty yet still we can see that Asian economies are suffering the sluggish global growth and the downside pressure of the debt crisis. The Japanese industrial production rose more than analysts forecasted in December, where the manufacturers bolstered production to make up for disruptions caused by Thailand’s worst floods in 70 years. Industrial production rose 4.0% according to the preliminary December estimate that followed a drop of 2.7% the previous month and opposed expectations of -3.0%. Japanese manufacturers from Honda to Toyota Motor are very optimistic about global and domestic ...

The Japanese industrial production rose more than analysts forecasted during December, where the manufacturers bolstered their production to make up for disruptions caused by Thailand’s worst floods in 70 years. Industrial production rose 4.0% according to the preliminary December estimate that followed a drop of 2.7% the previous month and opposed expectations for -3.0%. On the year production was down 4.1%, marginally higher from the previous drop of 4.2% and better than the expected slump of 5.0%. The Japanese Manufacturers from Honda to Toyota Motor are very optimistic about global and domestic demand, as they recover from a year full of natural disasters from Japan's earthquake to Thailand's floods; on the other hand companies are flexible about the yen's unceasing appreciation and ...

(Reuters) - The yen soared on Friday after the worst earthquake on record to hit Japan spurred a safety bid, and it could rise further next week if insurers scramble to raise cash by selling their foreign assets. The yen initially fell to a two-week low against the dollar but then shot higher as the full extent of the devastation became clear. The quake triggered a ferocious tsunami, killing at least 1,000 people. Worries about the impact on a fragile Japanese economy prompted investors to cut exposure to risk, traders said, with Japanese investors who had used cheaply borrowed yen to invest abroad bringing the money back home. The dollar fell 1.2 percent to 81.87 yen, its biggest one-day decline since December 3, while the yen also rallied against the euro, pound and Swiss franc. The ...

(Reuters) - Japan's prime minister signaled on Thursday authorities would keep intervening to curb yen strength as sagging manufacturing confidence underscored the threat the currency poses to the fragile economic recovery. A Reuters monthly poll that tracks the Bank of Japan tankan report showed manufacturing confidence dropped in September from August for the first time in nearly a year as companies struggled with the yen's rise to a 15-year high against the dollar. Responding to the concerns about the yen's rise, authorities intervened in markets on Wednesday for the first time in six years to knock the currency lower by selling an estimated 2 trillion yen ($23 billion). Prime Minister Naoto Kan, who fended off a leadership challenge from a ruling party powerbroker this week, pointed ...