Asian equities ended a volatile week on a calm note, recovering some of the poise lost when Japanese stocks sank into bear market territory. The best gauge of what is happening to stocks remains the currency markets, where the rapid unwinding of underwater short yen positions saw investors sell stocks to close those positions.Saturday, 15 June, 2013, 4:01am
Although department store chain Yata said it did not expect the yen to decline much more, Yata's chief executive, Daniel Chong Wai-chung, said prices of fresh and prepackaged food at its supermarkets could go down a further 2 to 3 per cent thanks to economies of scale.7 Jun 2013 - 3:46am
Japan's exports rose less than expected in April from a year earlier due to weak demand from Europe and China, highlighting the challenges confronting the world's third-biggest economy as policymakers try to engineer a sustained revival.23 May 2013 - 4:43am
Department store chain Yata, the Japan-themed retail unit of Sun Hung Kai Properties, is expanding as sales rise on the back of the weaker yen that is making goods cheaper. Yata's total retail area will increase by one-third to 400,000 square feet after three new stores are opened between June and September. A new store in Tsuen Wan will be the firm's first in two years. It last opened one, a supermarket in San Po Kong, in September 2011. The other two shops will be supermarkets in Tuen Mun and Mong Kok.21 May 2013 - 4:08am
The smile on Kazuo Hirai's face shows why the yen's drop below 100 to the US dollar is as much a curse for Japan as a blessing. Sony's 43 billion yen (HK$3.26 billion) profit for the fiscal year ended March 31 largely grew out of one thing: the yen's more than 20 per cent plunge against the US dollar since November.17 May 2013 - 4:06am
Japanese stocks rose as the yen weakened past 102 against the US dollar, after the Group of Seven signalled tolerance for the currency's drop.14 May 2013 - 3:32am
There's conservative and then there's Toyota Motor.
The world's largest carmaker forecast on Wednesday profit and revenue that missed analysts' estimates, based on outdated projections for the yen to trade at 90 against the US dollar and 120 versus the euro this fiscal year.10 May 2013 - 5:09am
The dollar dipped against the yen in Asian trade on Thursday ahead of a two-day meeting of finance ministers and central bank chiefs of the Group of 20 nations.
The greenback fell to 98.08 yen, compared with 99.19 in New York late Wednesday.18 Apr 2013 - 1:12pm
The Bank of Japan shocked the market with its aggressive bond-buying programme aimed at achieving 2 per cent inflation in two years.10 Apr 2013 - 3:20am 1 comment
The yen pushed deeper into multi-year lows versus the dollar and euro on Tuesday as the market saw every reason to sell the currency with the Japanese central bank on a warpath to battle deflation.9 Apr 2013 - 11:41am