The Japanese yen (JPY) witnessed a downtrend against other Asia-Pacific currencies in the early hours of the Asian session today, following a global boost in manufacturing data. The yen, often sought after as a safe-haven currency in turbulent times, lost its luster as positive global economic metrics pointed to increased investor confidence.
The Swiss franc and the Japanese yen are emerging as “more attractive” alternatives to the dollar as safe-haven assets, ING says. “With the possibility of grim U.S. economic and pandemic prospects starting to weigh on USD now, both CHF and JPY may be looking at more gains vs the greenback,” ING FX strategist Francesco Pesole […]
Japan’s work culture is a complex issue, deeply rooted in societal norms and economic necessities. While government initiatives are a step in the right direction, a more holistic approach that includes cultural change and technological advancements is needed. As Japan grapples with these challenges, the world watches closely, as the lessons learned could have broader implications for work cultures globally.