The 15 trillion yen
flowing overseas is just 1 percent of the total.
The company said it plans to pay a year-end dividend of 5 yen
per share thanks to stronger-than-expected orders since the start of this year.
Meanwhile, stocks related to the planned issuance of 2,000 yen
bills moved down, due mainly to profit-taking following their gains the previous day.
depreciated beyond the [yen
] 136 level after the Birmingham Group of Eight summit meeting in mid-May.
Short-term interest rates in Japan are now ridiculously low, as part of the Bank of Japan's effort to hold down the value of the yen
To protect its downside, Shimoto can purchase a yen
call struck at 100.
dollar appreciated sharply in the first half of the 1980s--or what is the same thing, the Japanese yen
The central bank raised its liquidity target under its quantitative easing policy by [yen
]3 trillion to a new range of [yen
]30 trillion to [yen
]35 trillion, a margin that gives the BOJ scope to help the finance ministry's battle against the rising yen
Strengthening of the Yen
against other Major Currencies
from Thursday's close and also above its late New York trading level of 106.
The forward contract is an agreement with a bank - a derivative - that allows us to sell the bank our future yen
flow, for example.
The 273-page report is available in Japanese for 105,000 yen
($890) and 115,500 yen
($978) with a supplemental CD-ROM.
revised a group net profit estimate to 330 billion yen
from an earlier-released 320 billion yen
and a group pretax profit to 515 billion yen
from 495 billion yen
Japan's intervention to support the dollar has been increasingly ineffective since the dollar tumbled below [yen
]115 last September--the result of implications that the yen
might ease after a Group of Seven meeting that called for flexible exchange rates.
Japan will emerge from its deflationary slump only when the yen
is allowed to weaken.