In its quarterly review of Japan’s regional economies, the Bank of Japan raised its assessment of two of the country’s nine regions.
Extra fast food
The Bank of Japan lowers its rating for one of Japan’s nine regions in its quarterly report.
The Bank of Japan maintains its assessment of six of Japan’s nine regions in its quarterly report.
Many regions reported a tightening labor market and labor shortages among companies.
Some major companies have announced plans to increase wages at the same or higher pace than last year.
There is momentum for businesses in regional areas to raise wages, with plans announced somewhat earlier than last year.
Many companies in regional areas have not yet reached a decision on the rate of wage increase.
A fair number of small businesses in regional areas remain cautious about raising wages due to concern about profits.
Many regions reported that there was a great deal of uncertainty about the size of wage increases.
Many companies continued to pass on higher raw material costs but the pace slowed.
Market reaction
At press time, USD/JPY is losing 0.25% on the day to trade at 145.40, unaffected by the Bank of Japan results mentioned above.
Japanese yen price today
The table below shows how much the Japanese Yen (JPY) has changed against the major currencies listed today. The Japanese yen was the strongest against the US dollar.
American dollar | euro | GBP | Bastard – scoundrel | Australian dollar | JPY | New Zealand dollar | Swiss franc | |
American dollar | -0.07% | -0.19% | -0.14% | -0.31% | -0.24% | -0.37% | -0.14% | |
euro | 0.06% | -0.13% | -0.08% | -0.25% | -0.18% | -0.32% | -0.06% | |
GBP | 0.18% | 0.12% | 0.05% | -0.12% | -0.05% | -0.19% | 0.07% | |
Bastard – scoundrel | 0.13% | 0.08% | -0.05% | -0.17% | -0.10% | -0.23% | 0.01% | |
Australian dollar | 0.30% | 0.26% | 0.13% | 0.18% | 0.08% | -0.06% | 0.19% | |
JPY | 0.24% | 0.19% | 0.06% | 0.11% | -0.08% | -0.14% | 0.13% | |
New Zealand dollar | 0.37% | 0.34% | 0.19% | 0.23% | 0.06% | 0.13% | 0.27% | |
Swiss franc | 0.13% | 0.06% | -0.07% | -0.01% | -0.18% | -0.12% | -0.25% |
The heat map shows the percentage changes in major currencies versus each other. The base currency is chosen from the left column, while the counter currency is chosen from the top row. For example, if you select the Euro from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent the EUR (base)/JPY (quote).