Jim Rogers speaks to IBTimes about the Chinese economy, the yuan policy, and the demise of General Motors.
Japanese Prime Minister Naoto Kan said the yen's sudden rise against the dollar had become a concern and he would continue to watch it carefully, Japanese media reported on Saturday.
Japanese Prime Minister Naoto Kan and Bank of Japan Governor Masaaki Shirakawa may meet as early as next week to discuss the yen's strength and possible responses, although likely options are seen as limited.
The euro jumped and Asian stocks extended gains on Friday after stunning German data showed Europe's biggest economy grew at its fastest pace in 23 years, alleviating some doubts about the strength of global growth.
The yen inched further away from 15-year peaks on Friday as talk swirled that Japan's authorities may soon intervene to curb it, while Asian stocks edged up to claw back some of the week's heavy losses.
It was a quiet night for currencies overnight, the AUD grinding higher at one stage, back above USD0.9000.
The yen's surge to a 15-year peak against the dollar this week comes amid mounting worries that the U.S. economic recovery is losing steam and follows a broad, two-month slide in the dollar.
A drop in U.S. Treasury yields, a perception among market players that the U.S. Federal Reserve may be more willing to conduct aggressive monetary easing than the Bank of Japan, and talk of seasonal fund repatriation by Japanese investors have all contributed recently to the yen's rise.
Finally, India will have its first ever jewellery week, the India International Jewellery Week (IIJW), from August 15 to 19 in Mumbai.
It is a fabulous platform for jewellery designers to come together and showcase their talent. This is the first time the jewellery industry will witness something like this.
Japan policymakers fired off a volley of comments Thursday to curb yen strength and the central bank checked rates with banks as officials stepped up efforts to prevent the currency from harming a fragile economic recovery.
The euro bounced on Thursday, as heavy selling abated on early signs euro zone peripheral spreads were stabilizing, while speculation of intervention to weaken the yen drove down the Japanese currency.
The dollar steadied versus a basket of currencies after posting its biggest one-day gain in two years the previous day when concerns about the U.S. and global economies triggered a wave of unwinding in short dollar positions.
The Bank of Japan checked exchange rates with banks in the foreign exchange market on Thursday as Prime Minister Naoto Kan and other policymakers stepped up their rhetoric over a steep rise in the yen.
Asian stocks slid to a near three-week low on Thursday on growing doubts about global economic growth that also helped the dollar cling to its gains after it scored its biggest rise in nearly two years.
Oil slid on Thursday for a third straight day on mounting fears that a slowdown in the global economic recovery would cut commodities demand.
Japan's Nikkei average slid to a 13-month low on Thursday after U.S. stocks erased the year's gains in the broadest selloff in a month-and-a-half on Wednesday.
The dollar dipped on Thursday after scoring its biggest daily gain for nearly two years against most major currencies the previous day as concerns about the U.S. and global economies triggered a wave of unwinding in short dollar positions.
But the greenback rose to the day's high of around 85.50 yen from a 15-year trough against the yen marked the day before, after market sources told Reuters the Bank of Japan checked exchange rates with banks earlier on Thursday.
Japan's trade ministry said on Thursday that Apple Inc's Japan unit has satisfied its demands for improved safety notifications about overheating iPod nano portable music players.
China has been buying record amounts of Japanese government debt because it is less risky than U.S. debt, at least in the short term, a Chinese government economist said on Wednesday.
Apple Inc's Japan unit will replace any iPod nano portable music players that overheat, it said in an online statement, improving an earlier offer to replace only their faulty batteries.
Weak Japanese economic data and a fall in the dollar to an eight-month low against the yen on Wednesday prodded Tokyo closer to fresh action to support an already fragile economic recovery.
Oil fell below $80 on Wednesday, as a report from the International Energy Agency (IEA) that warned of risks to demand did nothing to dent bearish sentiment caused by economic fears and a sharp fall in equity markets.
Weak Japanese economic data and a fall in the dollar to an eight-month low against the yen on Wednesday prodded Tokyo closer to fresh action to support an already fragile economic recovery.
U.S. stock index futures pointed to a lower open on Wall Street on Wednesday, as the Federal Reserve's gloomier assessment of the economy rattled investors and the central bank's measures to support the fragile recovery failed to reassure world markets.
Japanese machinery orders and wholesale prices data on Wednesday were weaker than expected, prodding authorities closer to fresh action to support an already fragile economic recovery.
