ILEA001082795: Dollar climbs to 16-month high against yen

Japan's real wages shrink for 23rd straight month

STORY: Japan's real wages shrink for 23rd straight month SHOOTING TIME: file DATELINE: April 9, 2024 LENGTH: 00:00:41 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of street views in Tokyo 2. various of supermarkets in Tokyo 3. various of street views in Tokyo STORYLINE: Japan's average monthly wages in inflation-adjusted terms logged the 23rd straight month of decline in February as price increases continued to outpace nominal earnings growth, official data showed on Monday. Inflation-adjusted real wages, a barometer of consumer purchasing power, fell 1.3 percent from the same month last year, according to the Ministry of Health, Labor and Welfare. Nominal monthly earnings, including base pay and overtime, rose 1.8 percent from a year ago to reach 282,265 yen (about 1,859.8 U.S. dollars). Regular pay including basic salary in February went up 2.0 percent year on year, while overtime pay, a gauge of business activity, went down 1.0 percent. Meanwhile, the consumer price index exclu

Turkish currency hits fresh low against greenback

STORY: Turkish currency hits fresh low against greenback SHOOTING TIME: Nov. 30, 2023 DATELINE: Dec. 1, 2023 LENGTH: 0:01:11 LOCATION: ISTANBUL, Türkiye CATEGORY: ECONOMY SHOTLIST: 1. various of Istanbul city in Türkiye 2. various of Exchange office in Istanbul, Information including Turkish lira and US dollar value information at the exchange office in Türkiye 3. various of exchange office, clerk in exchange office counting U.S. dollars in Istanbul, Türkiye 4. various of Turkish Central Bank 5. various of Hafize Gaye Erkan, the Turkish Central Bank governor 6. various of Turkish Central Bank, Turkish lira STORYLINE: The Turkish currency hit a fresh low against the U.S. dollar on Thursday, trading at nearly 29 liras per dollar. After fluctuating around the 29 thresholds in the early morning trading, the lira stood at 28.95 against the greenback at 11:15 a.m. local time (0815 GMT). The currency has lost about 35 percent of its value against the dollar since the beginning of this year. The lira hit 31.90

Japan books 13.6 bln USD current account surplus in April

STORY: Japan books 13.6 bln USD current account surplus in April DATELINE: June 8, 2023 LENGTH: 00:00:37 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of ports in Japan 2. various of city views in Japan STORYLINE: Japan logged a current account surplus of 1.9 trillion yen (13.6 billion U.S. dollars) in April, said a government report on Thursday. According to the Finance Ministry's preliminary information, the figure, in the black for the third consecutive month, was 76.3 percent higher than in the same period last year. According to the ministry, the country saw a goods trade deficit of 113.1 billion yen and a services trade deficit of 646.5 billion yen in the recording period. Imports decreased by 4.1 percent while exports expanded 2.6 percent year on year, the preliminary data showed. The report also said that the primary income, which reflects returns on overseas investments, booked a surplus of 3.07 trillion yen. (1 U.S. dollar equals 139.94 Japanese yen) Xinhua News Agency

Japan's current account surplus plunges in FY 2022

STORY: Japan's current account surplus plunges in FY 2022 DATELINE: May 12, 2023 LENGTH: 00:00:54 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of street views in Tokyo 2. various of ports 3. various of street views in Tokyo STORYLINE: Japan's current account surplus in fiscal year 2022 dived 54 percent from the previous period, owing to a record trade deficit due to price surges in imports and a weaker yen, official data showed on Thursday. According to the finance ministry's preliminary report, the current account surplus in the fiscal period from April 2022 to March 2023 stood at 9.23 trillion yen (68.85 billion U.S. dollars), hitting the lowest level since fiscal 2014. Imports were up 35 percent to 117.68 trillion yen while exports rose 16.3 percent to 99.62 trillion yen, the data showed. The deficit in goods trade widened to 18.06 trillion for the fiscal year, which is regarded by market watchers as the main reason for the country's bleaker balance of payments. As the deficit

Japan's real wages drop for 12th straight month in March

STORY: Japan's real wages drop for 12th straight month in March DATELINE: May 9, 2023 LENGTH: 00:00:51 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of street views of Tokyo STORYLINE: Real wages in Japan declined for a 12th straight month in March from a year earlier, leading to households spending less as a result of rising inflation, the government said in a report on Tuesday. According to the Ministry of Health, Labor and Welfare, nominal wages including base and overtime pay rose 0.8 percent to an average of 291,081 yen (2,100 U.S. dollars). The 0.8 percent increase in yen terms marks the 15th consecutive month of increase, although the monthly rise has remained below the 1 percent threshold for a third straight month, the data showed. The government said in a separate report Tuesday that household spending decreased in March from a year earlier. The Ministry of Internal Affairs and Communications said household spending in the reporting period fell 1.9 percent from a year ear

Foreign entries to Japan up 27.5 pct in March

STORY: Foreign entries to Japan up 27.5 pct in March DATELINE: April 20, 2023 LENGTH: 00:00:42 LOCATION: Tokyo CATEGORY: SOCIETY SHOTLIST: 1. various of foreign visitors in Tokyo STORYLINE: The estimated number of foreign visitors to Japan in March went up by 27.5 percent year on year to total 1,817,500, government data showed Wednesday. This marked the highest since the country lifted its pandemic-prompted ban on individual and non-prearranged trips last October, the Japan National Tourism Organization said. Despite signs of recovery, the monthly figure was still 34.2 percent lower than the level seen in March 2019 before the outbreak of the COVID-19 pandemic, according to the organization. It said arrivals from South Korea comprised the largest number of visitors totaling 568,600 in March, while the number of U.S. visitors stood at 203,000. Visitors from the Chinese mainland doubled from the February figure to reach 75,700 last month, thanks to a growing number of direct flights between the two count

Japan supermarket sales drop for first time in 8 months

STORY: Japan supermarket sales drop for first time in 8 months DATELINE: March 25, 2023 LENGTH: 00:01:14 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of street views in Tokyo STORYLINE: Supermarket sales in Japan fell for the first time in eight months in February as food prices continue to soar, according to the latest industry data. According to the Japan Chain Stores Association, sales at major stores across the country totaled about 1 trillion yen (about 7.6 billion U.S. dollars) last month, down 2 percent in yen terms from the previous year. Food sales, accounting for nearly 70 percent of the total, fell 1.7 percent, the association said, while sales of clothing and cosmetics rose as people went out more as the COVID-19 pandemic subsides. Officials at the association said that consumers are buying less per shopping trip as they are becoming more cost-conscious and thrifty amid rising food prices. Xinhua News Agency correspondents reporting from Tokyo. (XHTV)

Japan's current account surplus drops 50 pct to 8-year low in 2022

STORY: Japan's current account surplus drops 50 pct to 8-year low in 2022 DATELINE: Feb. 9, 2023 LENGTH: 00:00:48 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of Tokyo 2. various of banks 3. various of ports 4. various of Tokyo STORYLINE: Japan's current account surplus logged in 2022 was almost 50 percent lower than the previous year, marking its lowest level in eight years, owing to a record trade deficit due to an upsurge in imports and the yen's weakness, the government said in a report on Wednesday. According to the finance ministry, the current account in 2022 stood at 11.44 trillion yen (87.26 billion U.S. dollars), with a record contraction year on year, resulting from surging import costs coming despite the primary income logging a record surplus. The country's trade deficit totaled 15.78 trillion yen (120.36 billion dollars), with imports climbing 42 percent to 114.47 trillion yen (873.12 trillion dollars) and exports up 19.9 percent to 98.69 trillion yen (752.74 billion dollars), th

JAPAN-TOKYO-JAPANESE YEN-U.S. DOLLAR-EXCHANGE RATE

(221020) -- TOKYO, Oct. 20, 2022 (Xinhua) -- An electronic display shows a real-time exchange rate of the Japanese yen against the U.S. dollar in Tokyo, Japan, Oct. 20, 2022. The Japanese yen dropped past the psychologically important 150 level versus the U.S. dollar on Thursday, marking the first time the currency has dropped to this level since 1990. TO GO WITH "Roundup: Japanese yen slumps to 32-year low vs. U.S. dollar, Nikkei ends lower on U.S. recession woes" (Xinhua/Zhang Xiaoyu)

Japan's current account surplus plunges 96.1 pct to record low in August

STORY: Japan's current account surplus plunges 96.1 pct to record low in August DATELINE: Oct. 11, 2022 LENGTH: 00:01:12 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of Tokyo STORYLINE: Japan's current account surplus plunged 96.1 percent from a year earlier to 58.9 billion yen (404 million U.S. dollars) in August, a record low for the month, the government said in a report on Tuesday. According to the Finance Ministry, the record monthly low booked for August was a result of a widening trade deficit as a persistently weak yen further inflated import costs. The ministry said in its preliminary report that the country's goods trade deficit stood at 2.49 trillion yen (17.07 billion dollars) with imports totaling 10.55 trillion (72.34 billion dollars), and exports reached 8.06 trillion yen (55.28 billion dollars) in the recording period. Japan's primary income, which reflects returns on investments made overseas, logged a surplus of 3.33 trillion yen (22.83 billion dollars), the largest since com

Dollar climbs to 16-month high against yen

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