The Bank of Japan maintained its record-low interest rates on Wednesday. The central bank did not alter its advice, which permits a 50 basis point range. Analysts claim the decision did not successfully address market distortions. In defiance of market expectations that it would gradually wind down its enormous stimulus programme in the midst of … Read more
MSCI’s broadest index of Asian shares outside Japan fell 0.13 percent. Japan’s Nikkei opened 0.5% lower, while Australia’s S&P/ASX 200 traded 0.43% lower. The yen fell against the dollar, while the euro and the dollar rose against other major currencies. Wednesday Asian shares were muted, while the dollar held steady, as investors sought direction after … Read more
The meetings come as the yen is trading at 24-year lows. Yellen’s conversations will include her assessment of the U.S. The Bank of Japan is expected to raise its inflation forecast but maintain ultra-low interest rates. Janet Yellen, the U.S. Depository Secretary met with Bank of Japan Governor Haruhiko Kuroda on Tuesday, the Treasury Department … Read more
The death of Shinzo Abe makes any immediate challenge to his legacy unlikely. Prime Minister Fumio Kishida could eventually allow him to phase out Abe’s policies. Analysts say he wants to normalize fiscal and monetary policies. And gradually wind down Abenomics. Japan’s Economy Minister Fumio Kishida has endorsed the Bank of Japan’s ultra-low interest rate policy. … Read more
This year the yen has slumped against the greenback and other major peers. The median forecast was for Japan’s currency to strengthen to 131 per dollar in six months’ time. Some market players have speculated the country could conduct a yen-buying intervention to arrest sharp falls in the currency. The Japanese yen will probably stay … Read more
Japan’s core consumer inflation hit 2.1% for two straight months in May. The rise was due almost entirely to soaring energy prices, Governor Haruhiko Kuroda said. Core consumer inflation may stay around 2% for about a year. But is likely to slow to around 1% in the next fiscal year. The Bank of Japan BOJ … Read more
Tokyo stocks closed higher, boosted by Wall Street advances and rises in chip-related shares. The dollar fetched 134.79 yen in Asian trade, against 134.94 yen in New York. Japan’s core consumer prices rose 2.1 percent. Tokyo shares closed higher, boosted by Wall Street advances and rises in chip-related stocks. The Nikkei 225 index advanced 1.23 … Read more
The yen fell to a fresh 20-year low against the dollar on Monday, as red hot U.S. inflation data drove up Treasury yields. Central banks’ efforts to raise interest rates will remain in focus this week. The Federal Reserve and the Bank of England are expected to raise rates at their meetings. The yen tumbled … Read more
The yen has been weighed down by rising interest rates around the world. It is nearing the 135.20 per dollar mark, which would be its lowest since 2002. The euro was little changed at $1.07130 on Thursday, having moved very little this week. The yen dropped to a 20-year low on the dollar on Thursday, … Read more
Japan’s yen hits a new 20-year low against the dollar. The Bank of Japan decides against raising interest rates to battle rising costs. London’s FTSE 100 falls as PM survives a vote of no confidence in the UK. Stock markets mainly fell on Tuesday, while the yen fell to a new 20-year low against the … Read more
10-year Treasury yield hit 3.0580% early in the Asia session. The dollar added another 0.6% against the yen to touch 132.75. Ten-year gilt yields rose as far as 10.2 bps to a seven-year high of 2.256%. Asia’s bonds edged lower on Tuesday, the yen hit a 20-year low and security markets faltered as financial backers … Read more
The Japanese yen fell to a sparkling-decade low on Wednesday after the Bank of Japan stepped into the market once more to guard its ultra-low hobby-rate coverage, drawing a pointy evaluation with the US in which Treasury yields hit new highs. The BOJ again provided to buy unlimited amounts of Japanese government bonds to test … Read more
Japan’s parliament enacted a record supplementary budget worth over $300 billion on Monday as part of the measures to bolster the world’s third largest economy, as the pandemic threat drags on. The extra budget, larger than the total annual GDP of countries such as Colombia, Vietnam and Finland, will fund part of the massive virus … Read more
TOKYO: Japan’s parliament enacted a record supplementary budget worth over $300 billion on Monday as part of the measures to bolster the world’s third largest economy, as the pandemic threat drags on. The extra budget, larger than the total annual GDP of countries such as Colombia, Vietnam and Finland, will fund part of the massive virus … Read more
TOKYO – Tokyo stocks closed higher on Monday as investors took heart from US rallies and digested the Bank of Japan’s key business confidence survey. The benchmark Nikkei 225 index advanced 0.71 percent, or 202.72 points, to end at 28,640.49, while the broader Topix index added 0.13 percent, or 2.65 points, to 1,978.13. According to the Bank … Read more
TOKYO: Japan’s major manufacturers remain cautious about the economy’s trajectory, with business sentiment flat for the quarter as concerns about the pandemic linger, a key survey showed on Monday. Among major non-manufacturers however, there was an improvement in confidence about the world’s third largest economy, offering glimmers of hope. The Bank of Japan’s Tankan business survey, … Read more
TOKYO: Business confidence among major Japanese nonmanufacturers recovered to pre-pandemic levels in December, enhanced by the lifting of the COVID-19 state of emergency. However, the improvement of sentiment among manufacturers was dragged by parts shortages and surging raw materials costs, local media reported Monday. According to the quarterly “Tankan” survey, the key confidence index for … Read more
LONDON – The Bank of England on Thursday kept its key interest rate at a record-low 0.1 percent, but signalled a probable hike in the coming months to dampen soaring UK inflation. Following a regular meeting, the BoE added in a statement that it was maintaining its vast stimulus programme supporting the pandemic-hit UK economy … Read more
