Tag Archives: yen

Sony Expects Gaming Business Profit as Strong Yen Eats Into Image Sensors

Japan’s Sony Corp said on Friday it expects operating profit to fall 8.8 percent in the financial year through March 2019 as a stronger yen eats into profit from the image sensor business. The electronics and entertainment firm forecast profit to fall to CNY 670 billion ($6.13 billion) from CNY 734.86 billion a year prior, when earnings exceeded the previous peak set in the ... Read More »

Japanese yen jumps against dollar after Bank of Japan decision disappoints

he safe-haven yen jumped against the dollar on Friday after the Bank of Japan’s monetary policy easing disappointed investors who had been hoping for more radical stimulus measures. The dollar last traded at 103.35 yen, down 1.8 per cent on the day. It initially rose to 105.75 yen right after the BOJ’s announcement but later tumbled to as low as ... Read More »