This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at http://www.bbc.co.uk/news/business-21495574

The article has changed 5 times. There is an RSS feed of changes available.

Version 1 Version 2
Japan shares up as G20 statement stokes weak yen hopes Japan shares up as G20 statement stokes weak yen hopes
(about 2 hours later)
Japanese shares have risen after finance ministers of the G20 group of nations avoided singling out Japan for criticism over the recent yen weakness.Japanese shares have risen after finance ministers of the G20 group of nations avoided singling out Japan for criticism over the recent yen weakness.
The yen has dipped nearly 15% against the US dollar since November amid Japan's efforts to stoke inflation.The yen has dipped nearly 15% against the US dollar since November amid Japan's efforts to stoke inflation.
There were concerns that a criticism from G20 may prompt Japan to alter its aggressive stance. The fears were that it would result in the yen rising again and hurt Japan's plans to spur growth.There were concerns that a criticism from G20 may prompt Japan to alter its aggressive stance. The fears were that it would result in the yen rising again and hurt Japan's plans to spur growth.
Japan's Nikkei 225 index rose 2.2%. Japan's Nikkei 225 index rose 2.3%.
Meanwhile, the Japanese currency continued to weaken. It fell 0.6% to 94.12 yen against the US dollar.Meanwhile, the Japanese currency continued to weaken. It fell 0.6% to 94.12 yen against the US dollar.
It also dipped 0.5% to 125.50 yen against the euro in early Asian trade.It also dipped 0.5% to 125.50 yen against the euro in early Asian trade.
Further weakness?Further weakness?
Analysts say the G20 communique at the end of its meeting in Moscow on Saturday was an endorsement for Japan's recent monetary moves.Analysts say the G20 communique at the end of its meeting in Moscow on Saturday was an endorsement for Japan's recent monetary moves.
The policies have seen Japan's central bank, the Bank of Japan, double its inflation target to 2% in attempt to spur domestic consumption.The policies have seen Japan's central bank, the Bank of Japan, double its inflation target to 2% in attempt to spur domestic consumption.
The central bank has also expanded a key stimulus measure aimed at keeping long term interest rates low.The central bank has also expanded a key stimulus measure aimed at keeping long term interest rates low.
Analysts say that as Japan continues to pursue these policies, the yen is likely to weaken further.Analysts say that as Japan continues to pursue these policies, the yen is likely to weaken further.
"With Japan, as yet, using various measures to ease monetary conditions domestically, we do not expect a large international backlash against its efforts and look for the Japanese yen to continue to decline gradually as the easier monetary conditions feed through," Barclays Capital said in a note."With Japan, as yet, using various measures to ease monetary conditions domestically, we do not expect a large international backlash against its efforts and look for the Japanese yen to continue to decline gradually as the easier monetary conditions feed through," Barclays Capital said in a note.
A weak yen bodes well for the Japanese exporters and its economy on various fronts.A weak yen bodes well for the Japanese exporters and its economy on various fronts.
To begin with, it makes their goods more affordable to foreign buyers. It also helps boost the exporters' profits when they repatriate their foreign earnings back home.To begin with, it makes their goods more affordable to foreign buyers. It also helps boost the exporters' profits when they repatriate their foreign earnings back home.
And as firms see their profits rise, they are likely to have a bigger cash pile to invest towards research and development or expansion of their facilities.And as firms see their profits rise, they are likely to have a bigger cash pile to invest towards research and development or expansion of their facilities.
Investment in research helps the firms become more competitive as they develop new products. Meanwhile, increased capital investment helps boost Japan's overall economic growth.Investment in research helps the firms become more competitive as they develop new products. Meanwhile, increased capital investment helps boost Japan's overall economic growth.