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Falling yen affecting Japanese students in foreign countries

Kyodo News InternationalMay 21, 2013 07:17
The yen's rapid depreciation against other major currencies over the past six months is seriously affecting Japanese students who are studying or planning to study abroad. Kayoko Shioda, 25, who studies public health at a graduate school in the southern United States, plans to move to an apartment that is less secure and cheaper as her scholarship income in dollars has plunged due to the yen's fall against the dollar. She is considering taking out loans from banks to continue studying in the United States for more than one year.

Tokyo stocks close up 0.13%

Agence France-PresseMay 21, 2013 06:01
Tokyo stocks rose 0.13 percent on Tuesday, recouping early losses as the dollar turned higher against the yen. The benchmark Nikkei 225 index closed up 20.21 points to 15,381.02, its best finish since December 2007, while the Topix index of all first-section issues gained 0.07 percent or 0.88 points to 1,270.39. Trading was heavy with volume surging to 6.25 billion shares from 4.87 billion the previous day on the first section of the Tokyo Stock Exchange. Share prices recovered from their weak opening as the dollar ticked up.

European stocks mixed in muted trading

Agence France-PresseMay 20, 2013 08:00
European stock markets traded mixed on Monday amid public holidays in Germany and France, in the wake of Italian economic data and following a strong start to the new week for Asian equity prices. London's benchmark FTSE 100 index dipped 0.04 percent to stand at 6,720.45 points in midday deals. Frankfurt's DAX 30 grew 0.46 percent to 8,436.66 points and in Paris the CAC 40 index climbed 0.26 percent in value to 4,011.1. On Friday, the market in Paris had jumped above 4,000 points for the first time since July 2011 as traders went bargain-hunting.

yen weakness-rapid descent

Yonhap News AgencyMay 20, 2013 03:33
SEOUL, May 19 (Yonhap) -- The Japanese yen has declined by the most against the Korean currency this month in three years, adding to fear it will hurt the export-oriented local economy down the road, data showed Sunday. In the month to May 13, the local currency exchanged hands at 1,103.20 won per 100 yen, appreciating 24 percent from an average of 1,451.49 won a year earlier, according to the data compiled by the Bank of Korea and local brokerage houses.

weak yen-finance minister

Yonhap News AgencyMay 20, 2013 03:30
SEJONG, May 20 (Yonhap) -- South Korea should make efforts to ease volatility in the currency market as concerns are deepening that the won is quickly losing ground against the Japanese yen, the country's top economic policymaker said Monday. "The government should make efforts to ease steep fluctuations in the foreign currency exchange rates," Finance Minister Hyun Oh-seok told reporters during a meeting with reporters here.

Canadian inflation rate falls to 0.4 per cent as gas prices tumble in April

The Canadian PressMay 17, 2013 09:45
OTTAWA - Canada's inflation story is fast becoming one about disinflation. Statistics Canada reported Friday that the annual rate fell an astonishing six-tenths of a point to 0.4 per cent last month, the lowest it's been since October 2009, as gas prices plunged by six per cent — also the biggest drop since October 2009 — and many other consumer goods registered outright declines. The loonie fell more than a penny against the U.S. dollar in early trading as markets read the soft report as making interest rate hikes in Canada less likely and further off into the horizon.

Canadian dollar falls, dragged down by weaker-than-expected inflation figures

The Canadian PressMay 17, 2013 09:45
TORONTO - The Canadian dollar headed lower Friday after Statistics Canada reported that consumer prices rose last month at the slowest rate it's seen in more than three years. The loonie finished the day down 0.95 of a cent to 97.17 cents US as the U.S. dollar also gained strength against other major currencies. The Canadian dollar was as low as 96.96 cents at one point in the morning, a level not seen in more than two months.

Toronto, Wall Street surge higher amid positive U.S. data, consumer sentiment

The Canadian PressMay 17, 2013 09:45
TORONTO - The Toronto Stock Exchange surged ahead Friday, encouraged by gains from the U.S. markets, after data showed the world's largest economy may be in recovery. "We continue to grind higher here," said Jason Hornett, a portfolio manager with Bissett Investment Management. "People continue to be more and more optimistic here in North America and it definitely bodes well for the stock market." The S

World stocks mixed ahead of release of leading US economic indicators for April

The Canadian PressMay 17, 2013 02:00
BANGKOK - World stock markets were mixed Friday as investors digested a slew of disappointing data from the U.S. ahead of the release of a key measurement of the country's economic outlook. Investors were looking ahead to the Conference Board's index of leading indicators for April, to be released later Friday. The index is designed to anticipate economic conditions three to six months out. Analysts hope the figures will balance out several discouraging economic reports released Thursday, including a jump in unemployment aid applications to their highest level in six weeks.
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