Got a yen for a yen? Better move fast

Japan's is NZ's fourth largest export destination. (Image: Unsplash)

Wed, 13 Mar 2024

The Bank of Japan looks poised to scrap the world’s last negative interest rates, news that should cheer New Zealand exporters. Japan is NZ’s fourth biggest export market, with $3.7 billion of exports in the 12 months to Jan 31, down 12.5% on the year. It lags behind China, Australia and the US. A strong kiwi makes NZ products less competitive in the market as high prices crimp demand. Rate hike speculationThe kiwi last traded at 90.89 yen, down from 93.44 on Feb 23, nearly 3% lower. The Japanese curren...

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