# Japanese banks paying most for dollars since 2008 - Nikkei Asia

> Japanese financial institutions paid nearly 2% annualized to buy dollars with yen at the end of November, the highest cost since 2008. The increase reflects expectations of wider US-Japan interest rate gaps.

- Date: 2017-12-04 · published 2017-12-04T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/67698-japanese-banks-paying-most-for-dollars-since-2008-nikkei-asia
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

The higher cost of dollar funding reflects a stronger dollar outlook, which can pressure dollar-priced commodity imports for Japanese buyers. The effect on feed prices is indirect and limited.

## Read by commodity

- USDJPY: bullish ▲

## Sources

- asia.nikkei.com: https://asia.nikkei.com/business/markets/forex/japanese-banks-paying-most-for-dollars-since-2008

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.