Tag: economics

Philippines Economic Weakness Continues As 2nd Quarter GDP Growth Lands At 2.3%

Philippines Economic Weakness Continues As 2nd Quarter GDP Growth Lands At 2.3%

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The economy of the Philippines slowed down even further in the 2nd quarter of 2026 landing at 2.3%, according to a news report by GMA News. Embarrassingly, this made the Philippines an economic weakling among the members of the Association of Southeast Asian Nations (ASEAN).

By comparison, the economy of the Philippines achieved only 2.8% growth in the 1st quarter of this year. The nation’s economic growth for 2025 was at 4.4%

To put things in perspective, posted below is an excerpt from the GMA News report. Some parts in boldface…

The Philippine economy continued to slow down in the second quarter of 2026, still due to a subdued investor and consumer sentiment amid the lingering effects of the flood control corruption scandal and the inflationary pressure brought by Middle East crisis-induced global fuel price shocks, the Philippine Statistics Authority (PSA) reported on Friday.

At a press conference, PSA chief and National Statistician Claire Dennis Mapa said the economy, as measured by gross domestic product (GDP)—the value of goods and services produced in a period— grew 2.3% in the April to June 2026 period, slower than the 2.8% growth seen in the first quarter of 2026.

This is the economy’s weakest footing since the fourth quarter of 2009 —excluding the contraction seen during the COVID-19 pandemic years— when the GDP growth rate was at 1.8%.

The 2.8% second quarter GDP growth put the Philippines behind its neighbors in Southeast Asia that already released their April to June economic growth rates such as Indonesia at 5.29%, Vietnam at 8.39%, and Singapore at 5.7%.

The first half of 2026 GDP growth rate stood at 2.6%, still behind the government’s downwardly revised target of 3.5% to 4.5% for the entire year.

Despite the economic slowdown, Department of Economy, Planning, and Development (DEPDev) Secretary Arsenio Balisacan said, “What we are experiencing right now, I believe, is transitory, temporary.”

“Domestic demand remained subdued, mainly because total investment continued to contract as public construction declined. Household consumption growth also moderated amid higher inflation, job losses, and lower remittance receipts arising from the Middle East conflict,” Balisacan said.

Household final consumption expenditure grew 2.8%, slower than 5.2% in the same period last year, weighed by contractions in transport (-7.5%), alcoholic beverages and tobacco (-1.9%), recreation and culture (-0.8%), and restaurants and hotels (-0.2%).

Government expenditure, likewise, slowed down by 8.3% from 8.7% year-on-year; while gross capital formation (GCF) —which measures investments— contracted by 9.2% from a growth rate of 0.9% a year ago.

The decline in GCF was due to the decline in construction at 14.8% with government spending on construction contracting 32.4%.

“Although public construction is a small part of the economy, the amount of contraction, at 32%, brought a significant impact on the economy,” Balisacan said.

“The sharp decline in public construction was the main contributor in the decline in investments… driven by continuous caution due to the flood control scandal,” the country’s chief economist said.

Among the major economic sectors, agriculture posted a growth rate of 2.7%, slower than 7% year-on-year; industry declined by 2.4%, from an increase of 2.1% weighed by the construction’s depreciation; services grew slower at 4.5% from 6.9%.

Agriculture, industry, and services sector contributed 7.5%, 27.9%, and 63.3%, respectively to the total GDP during the quarter.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the economy of the Philippines will eventually fall into a recession in 2027? Do you believe that the hosting of the ASEAN summit by the Philippines will result in economic miracles and more foreign investment?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

13.9 Million Foreign Tourists Arrived In Vietnam During First 7 Months Of 2026

13.9 Million Foreign Tourists Arrived In Vietnam During First 7 Months Of 2026

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With tourism industry of Vietnam is undeniably growing rapidly as almost fourteen million foreign tourists arrived there during the first seven months of 2026, according to report by VnExpress.

To put things in perspective, posted below is an excerpt from the news report of VnExpress. Some parts in boldface…

Vietnam welcomed 13.9 million international arrivals during the first seven months this year, up 13.8% from a year earlier, as the country’s image as a safe and stable destination continued to attract travelers amid geopolitical tensions worldwide.

In July alone, the number of foreign visitors to Vietnam reached 1.67 million, down 0.7% year-on-year, according to the General Statistics Office (GSO).

Mainland China remained the largest source of visitors so far this year with 3.08 million, followed by South Korea with 2.38 million.

The rest of the top 10 were Russia, Taiwan, the U.S., Cambodia, India, Japan, the Phillippines and Australia.

Let me end this piece by asking you readers: What is your reaction to this development? Considering how many foreign tourists it attracted so far this year, do you think Vietnam will eventually hit 24 million foreign tourist arrivals by the end of 2026? Do you think the new Long Thanh International Airport will somehow help attract a large number of overseas travelers once it starts operating this December?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

Philippines July 2026 Inflation Still Above Government Ceiling

Philippines July 2026 Inflation Still Above Government Ceiling

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Inflation here in the Philippines for the month of July 2026 landed at 6.2% which is clearly above the government’s comfortable ceiling of 2% to 4%, according to a business news report by GMA News.

To put things in perspective, posted below is an excerpt from the GMA News business report. Some parts in boldface…

The country’s inflation rate slowed down further for the third straight month in July 2026 amid improved fuel supply conditions during the period, when the Middle East conflict was waning.

At a press briefing on Wednesday, National Statistician and Philippine Statistics Authority (PSA) chief Claire Dennis Mapa said inflation — the rate of increase in the prices of goods and services — slowed down 6.2% last month from 6.4% in June 2026.

July’s inflation print brought the year-to-date rate to 5%, still above the government’s comfortable ceiling of 2% to 4%.

Mapa said the main contributor to the downtrend was the slower increase in the Transport index at 11.9% from 12.8% month-on-month.

“Ito [Transport] ay may 57.4% share sa pagbaba ng pangkalahatang inflation sa bansa (It had a share of 57.4% to the overall deceleration of the country’s inflation),” the PSA chief said.

This as inflation for gasoline and other passenger transport by road slowed down to 34.1% from 39.2% and 5.3% from 5.4%, respectively.

Meanwhile, food inflation was steady at 5.3%, as lower meat prices and slower increases in vegetable prices offset sharper rice inflation.

“Every peso saved from slower price increases means more room for the family budget for food, transport, education and other essential needs,” Department of Economy, Planning and Development (DEPDev) Secretary Arsenio Balisacan said in a statement.

“While challenges remain, particularly in managing food price pressures, these results show that our interventions are making a difference in easing the impact on Filipino households,” Balisacan said.

The DEPDev chief the government’s UPLIFT Committee will continue implementing targeted interventions to protect vulnerable sectors from the effects of higher prices and other economic shocks.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the government is running out of new ideas on bringing down inflation? Do you think the high inflation is a sign that the economy of the Philippines will grow weaker going into 2027? Do you think inflation will end up above 5% by the end of this year?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

Swiss Challenge For Cerberus’ Subic Bay International Airport Proposal Launched

Swiss Challenge For Cerberus’ Subic Bay International Airport Proposal Launched

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The Subic Bay Metropolitan Authority (SBMA) has officially launched the Swiss challenge for the P7 billion proposal for the upgrading and management of the Subic Bay International Airport (SBIA) and this opened the field for entities to submit their proposals challenging the existing proposal of Cerberus Asia Pacific Investments LLC, according to a Manila Bulletin news report.

For previous blog posts about the SBIA project, click here, here and here.

To put things in perspective, posted below is an excerpt from the report of the Manila Bulletin. Some parts in boldface…

The Subic Bay Metropolitan Authority (SBMA) has formally started the Swiss challenge for the ₱7-billion proposal to manage and upgrade the Subic Bay International Airport (SBIA), as it issued a call to potential challengers to submit competing offers.

In a bid bulletin dated July 31, the SBMA invited firms to submit their comparative proposals for the project proposed by United States (US)-based Cerberus Asia Pacific Investments LLC.

SBMA said interested firms have until Oct. 29 to submit their proposals, with the bid opening scheduled to take place on the same day. A pre-bid conference to clarify the requirements and address queries from participating firms is set for Sept. 14.

Under a Swiss challenge, also known as a comparative challenge, the SBMA is allowing other companies to match the unsolicited proposal for the SBIA submitted by Cerberus, which was approved in April last year.

Cerberus has been granted original proponent (OP) status by the SBMA for its unsolicited proposal to upgrade, expand, operate, and maintain the SBIA. As the OP, Cerberus will have the right to match the best offer during the challenge process.

Cerberus is seeking to manage the SBIA under a 25-year operate-rehabilitate-add-transfer scheme to develop the gateway into a strategic cargo and logistics hub that would help ease congestion at Ninoy Aquino International Airport (NAIA).

“Currently underutilized, SBIA requires substantial investment and comprehensive operational improvements to realize its full potential over the concession period,” SBMA said.

Cerberus is planning to invest ₱7 billion to develop the project, nearly 13 percent higher than the initial project cost pegged at around ₱6.2 billion.

The investment will focus on upgrading existing airport facilities to align them with international benchmarks, alongside the development of new facilities to transform the airport into a higher-capacity logistics hub.

SBMA noted that the airport’s location and air-to-sea access pose a significant opportunity to develop it into a hub for commercial cargo and warehousing.

“This highlights a growing demand for air cargo services, driven by the need for industrial supplies and the transportation of finished products,” it said.

In addition, SBMA noted that the ongoing development of the Luzon Economic Corridor (LEC) further increases the need for improved air connectivity.

The LEC is an initiative led by the Philippines, the US, and Japan aimed at accelerating high-impact investments to enhance connectivity between Subic Bay, Clark, Manila, and Batangas.

“All these factors lead to the conclusion that the manufacturing industry in the Philippines, and particularly Central Luzon, is highly likely to significantly grow in the upcoming decade, both in terms of size of current facilities, and additional factories,” SBMA said.

“This leads to demand for air cargo in terms of industrial supplies, as well as output products, and attracts population growth and consumer wealth, leading to consumption increase and related air cargo demand,” it added.

By developing the SBIA, SBMA said it is ensuring that Clark International Airport will not be the only alternative once NAIA reaches its cargo capacity limit in the future.

The agency said an upgraded SBIA can ensure competitive pricing and provide additional options for airlines operating or planning to set up shop in Manila.

With this, Subic Bay is expected to help accommodate an additional 200,000 tons of cargo by 2035.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think there will be a lot of corporations locally and overseas that will submit their Subic Bay International Airport proposals to the SBMA? When was the last time you arrived at the international airport in the Subic Bay Freeport Zone?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

Filipino Housekeeping Services In Japan Gaining Popularity

Filipino Housekeeping Services In Japan Gaining Popularity

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In Japan, housekeeping services whose workforce involved Filipinos are gaining popularity and public trust as the nation has growing demand for such support, according to a news report by Kyodo News. The report mentioned the cheerful personalities and diligence of Filipino workers.

To put things in perspective, posted below is an excerpt from the report of Kyodo News. Some parts in boldface…

Housekeeping services employing Filipino staff have gained in popularity amid growing demand in Japan for such domestic support, with one provider seeing their workforce roughly double over the past decade.

Since the Japanese government began allowing foreign nationals to provide housekeeping services in national strategic special zones in 2016, workers from the Philippines have been a top choice due to their cheerful personalities, diligence as well as expertise.

In February, a Filipino housekeeping staff member listened carefully to her client’s instructions as she made her on-site debut around a month after arriving in Japan. She assiduously took notes as the client explained in a mix of English and Japanese how to use cleaning tools and the order of detergents.

“(Filipinos) are friendly and easy to talk to and they work seriously, so I can feel at ease,” the client said.

Before 2015, only certain households, such as those of foreign diplomats, had been allowed to employ foreign housekeepers. But a legal change that year, aimed at increasing women’s workforce participation and easing labor shortages in Japan’s housekeeping industry, paved the way for foreigners to work in designated areas.

Following the law revision, Tokyo-based Pinay International Co. launched a business especially employing Filipino housekeepers. It now operates in parts of Tokyo, neighboring Kanagawa Prefecture, Osaka Prefecture and Hyogo Prefecture with more than 200 Filipino staff working as full-time employees.

The company recruits workers in the Philippines and provides extensive training before and after their arrival in Japan, while also supporting their daily life in areas such as housing.

“Foreign talent playing an active role will likely lead to revitalizing Japan,” Pinay International CEO Tetsuya Moteki, 55, said.

According to a survey by the Ministry of Economy, Trade and Industry, Japan’s housekeeping services market has been expanding as the number of dual-income households increases.

Let me end this piece by asking you readers: What is your reaction to this development? Do you think more Japanese households will trust housekeeping service providers once they realize their workforce includes Filipinos? What do you think makes Filipino housekeeping workers more trustworthy compared with those from other nations of Southeast Asia?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

Japan Sees Urgent Need To Prepare Itself For New Ways Of Warfare

Japan Sees Urgent Need To Prepare Itself For New Ways Of Warfare

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In this age of artificial intelligence (AI), the rising use of drones in military operations and Communist China’s disturbing presence at sea, the Defense Ministry of Japan sees the urgent need to prepare the nation for the new ways of warfare, according to a news article by Jiji Press.

To put things in perspective, posted below is an excerpt from the news article of Jiji Press. Some parts in boldface…

Japan’s Defense Ministry emphasized the urgent need to prepare for what it calls new ways of warfare leveraging drones and artificial intelligence technology in an annual white paper adopted Tuesday.

The 2026 report, submitted by Defense Minister Shinjiro Koizumi to the day’s cabinet meeting, also displayed vigilance over the Chinese military’s expanding activities in the Pacific, saying Japan should respond with its “comprehensive national power.”

The white paper said that large-scale attacks combining low-cost unmanned equipment and conventional missiles have been conducted on the battlefields of Ukraine fighting Russia’s aggression.

Acknowledging that preparing for prolonged conflicts has become a key issue, the government stressed the importance of securing adequate stockpiles and ensuring sustained operational capability.

Let me end this piece by asking you readers: What is your reaction to this development? Do you support the idea of Japan tremendously modernizing itself militarily to defend itself while pushing back against Communist China’s military presence at sea? Would you like to see Japan become more sophisticated in the new ways of warfare using whatever state-of-the-art technologies it has? Do you think Japan should approach the United States for more advanced military hardware?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

Japan Immigration Agency Proposes Tougher Requirements And New Pension Rules For Permanent Residency

Japan Immigration Agency Proposes Tougher Requirements And New Pension Rules For Permanent Residency

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In the latest development on reforming immigration in Japan, the nation’s immigration agency proposed tougher requirements and new pension rules for granting permanent residency to foreigners, according to a news report by Kyodo News.

To put things in perspective, posted below is an excerpt from the report of Kyodo News. Some parts in boldface…

Japan’s immigration agency on Tuesday proposed tougher requirements for granting permanent residency to foreigners, including requiring applicants to maintain income above the average for Japanese households and a certain level of projected pension benefits.

The proposed guidelines are part of Prime Minister Sanae Takaichi’s push to create an “orderly society” in which Japanese and foreign nationals coexist while cracking down on illegal activities.

The Immigration Services Agency will solicit public comments before implementing the new rules from April 2027.

Permanent residents can remain in Japan indefinitely without restrictions on their activities while retaining their original nationality. Applicants generally must have lived in Japan for at least 10 years to qualify.

It differs from naturalization, through which a person acquires Japanese citizenship.

Under the current guidelines, the three main requirements for obtaining permanent residency are good conduct, sufficient assets or skills to maintain an independent livelihood, and that granting permanent residency is in Japan’s best interests.

The revised rule would require applicants to maintain annual household income above the average for Japanese households, with the benchmark based on several government data sources.

According to a health ministry survey on living conditions released on July 15, for instance, average income per household in Japan stood at 5.75 million yen ($36,500) in 2024.

Applicants would also be required to have projected pension benefits equivalent to those payable after 30 years of enrollment in the employees’ pension program at their income level.

If the projected pension benefits fall short, they will be allowed to cover the difference with their financial assets.

The revised guidelines would also introduce a Japanese-language requirement, with applicants required to demonstrate proficiency at the level of an “independent user.”

While the population of Japanese nationals has been on a downtrend, the number of foreign residents has been increasing as Japan has been accepting more workers from abroad.

As of the end of last year, about 947,000 people held permanent residency status, with many from China and the Philippines.

Permanent residency is currently granted to a spouse of a Japanese national or a permanent residency holder when their marriage has lasted for at least three years, and the non-Japanese spouse has resided in Japan for at least one year.

The proposal would raise the thresholds to five years of marriage and three years of residence.

Let me end this piece by asking you readers: What is your reaction to this development? Do you think the proposed tougher requirements and new pension rules make a lot of sense when it comes to the granting of permanent residency to foreigners there in Japan? Do you think the proposals will discourage foreigners from Third World nations like Pakistan, Somalia and Bangladesh from seeking permanent residency in Japan? Do you think the current government of Japan is doing good enough to reform immigration? Do you think that foreigners in Japan who applied for permanent residency and committed a local crime or an act of violence should automatically be disqualified by the government?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

Vietnam Surpasses Thailand As Southeast Asia’s 2nd Largest Aviation Market

Vietnam Surpasses Thailand As Southeast Asia’s 2nd Largest Aviation Market

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With its booming tourism industry making huge economic impact, Vietnam surpassed Thailand as and emerged as the 2nd largest aviation market in Southeast Asia this past July, according to a news report by VnExpress.

To put things in perspective, posted below is an excerpt from the news report of VnExpress. Some parts in boldface…

Vietnam surpassed Thailand to become the second largest Southeast Asian aviation market with 7.4 million seats in July, an increase in capacity of 5.6% year-on-year, according to a report by British aviation analytics firm OAG.

Indonesia remained the largest Southeast Asia market with 10.9 million seats, up 0.3% year-on-year.

Thailand, which held the second spot in previous months, slipped to third place with 6.9 million seats, a 3% reduction in capacity, followed by Malaysia and the Phillippines. The report said capacity reduced in Malaysia, Thailand and the Philippines due to the Middle East crisis.

Vietnam Airlines is the largest airline in Southeast Asia in July with 2.81 million seats, growing by just 0.1% year-on-year, according to OAG.

Overall capacity in the Southeast Asian market reduced by 1.2% compared to July last year to 50.4 million seats due to rising fuel costs triggered by political tensions in the Middle East, OAG reported.

Let me end this piece by asking you readers: What is your reaction to this development? Considering its rapidly growing tourism industry, were you surprised that Vietnam registered 7.4 million seats this past July? Considering what was achieved recently, do you think Vietnam will grow further as an aviation market once its new Long Thanh International Airport becomes operational?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

Several Entertainment Venues In Thailand Ordered To Shut Down

Several Entertainment Venues In Thailand Ordered To Shut Down

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Following the raid of illegal hotels in Phuket, Thailand, the local authorities in Bangkok issued orders to almost eighty entertainment venues to shut down over widespread licensing and safety violations, according to a VnExpress news report.

To put things in perspective, posted below is an excerpt from the news report of VnExpress. Some parts in boldface…

Authorities in Bangkok, Thailand’s nightlife hub, have ordered 79 entertainment venues to suspend operations after a week-long inspection campaign uncovered widespread licensing and safety violations across the capital.

Nineteen establishments were ordered to suspend live music performances for lacking the required entertainment permits, while 60 businesses were temporarily shut down for operating without valid licences, Thairath Online news site reported.

The inspections, carried out between July 19 and 26, covered 865 of the city’s 1,204 targeted entertainment venues, or about 72% of the total, Deputy Bangkok Governor Pornphrom Vikitsreth said as quoted by The Nation.

The inspections came after a fire tore through a beer hall and live music venue in Bangkok’s Chatuchak District on July 12, killing 36 people and injuring 70 in Thailand’s deadliest blaze in more than a decade.

Authorities said inspections of entertainment venues and similar businesses will continue across Bangkok to strengthen public safety, ensure operators comply with regulations and restore confidence among both local patrons and foreign tourists visiting the city’s nightlife districts.

Let me end this piece by asking you readers: What is your reaction to this development? If you plan to visit Bangkok soon, do you think the current crackdown by the local authorities will make the city safer for tourists?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

Joint Yen-Buying By Japan And America Confirmed

Joint Yen-Buying By Japan And America Confirmed

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For the first time in fifteen years, Japan and the United States conducted a joint buying of Yen following the Japanese currency’s continued weakness to the U.S. Dollar which Finance Minister Satsuki Katayama confirmed yesterday, according to a Kyodo News report. The Yen fell to almost 164 to the U.S. Dollar on July 23.

To put things in perspective, posted below is an excerpt from the report of Kyodo News. Some parts in boldface…

Japan and the United States conducted coordinated yen buying Friday, Finance Minister Satsuki Katayama said, their first joint market intervention in 15 years, with the two nations ready to act again if necessary.

The intervention during New York trading on Friday came after the yen hit 163.99 to the U.S. dollar on July 23, its weakest level in around 40 years, amid mounting fears about Prime Minister Sanae Takaichi’s expansionary but vaguely funded fiscal policy.

“This joint action was taken pursuant to the U.S.-Japan Finance Ministers’ Joint Statement issued in September 2025 and countered the excessive volatility and disorderly movements of the Japanese yen in recent months,” Katayama said in a statement on Monday.

“The Japanese Ministry of Finance remains attentive and in close communication with our counterparts at the U.S. Treasury. We will not hesitate to conduct a further joint intervention,” she added.

After warnings by Katayama and U.S. Treasury Secretary Scott Bessent of additional action to prevent the Japanese currency from depreciating, the yen briefly surged to the lower 155 level from the upper 157 range on Monday morning.

While joint currency interventions by the countries are usually reserved for emergencies, Japan has been struggling with the yen’s depreciation, which has increased import costs, threatening to accelerate inflation and jack up yields on long-term Japanese government bonds.

Washington is also believed to be wary of rising long-term Japanese interest rates pushing up U.S. rates before the congressional midterm elections in the fall, analysts said.

The previous Japan-U.S. intervention was carried out to stem the yen’s rise after the massive earthquake and tsunami in northeastern Japan in March 2011.

Katayama told reporters in Tokyo that Friday’s coordination between Japan and the United States was aimed at linking Tokyo’s “economic security to its unwavering alliance” with Washington.

She stressed the countries’ “close coordination” since the release of their joint statement last September, which confirmed interventions should be reserved for combating excessive volatility as well as “disorderly depreciation or appreciation.”

Japanese and U.S. authorities have pledged to take decisive action “against disorderly moves at any time,” Katayama said.

Atsushi Mimura, Japan’s top currency diplomat, called the latest coordinated intervention a “completed form” of the Japan-U.S. currency alliance, emphasizing the two countries would continue to respond “without missing a beat.”

Saying Japan “wanted a little bit of help,” President Donald Trump indicated Sunday in the United States that Washington had conducted a yen-buying intervention at the request of Takaichi’s government. He told reporters the action would benefit his nation economically.

He added, “We’re always there for Japan. Japan’s been very good to us, with the exception, of course, of Pearl Harbor,” referring to Japan’s 1941 surprise aerial attack on a naval base in Hawaii that resulted in the U.S. entry into World War II.

In New York on Friday, the yen surged to the lower 157 level against the dollar, with Japanese government sources confirming a yen-buying intervention by currency authorities.

The move came after the yen briefly soared to the 157 range Thursday, gaining nearly 5 yen in about 50 minutes before dropping back to the 160 level, as a result of a currency intervention by Japan later confirmed by market and government sources.

On Sunday, Bessent wrote on social media that the intervention “countered disorderly yen movements,” adding the United States would “not hesitate” to conduct further joint currency intervention with Japan, echoing Katayama.

He also said, “We strongly support Japan’s decisive market and monetary steps to correct the substantial undervaluation of the yen.”

Let me end this piece by asking you readers: What is your reaction to this development? What do you think the joint buying of Yen by the US and Japan will lead to further stabilization economically in the short term? Do you think this joint move will somehow boost both nation’s economies?

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