CashNews.co The Bank of Japan warned Thursday of “high uncertainties” following the ruling party’s worst election result in 15 years, as it kept interest rates unchanged. Prime Minister Shigeru Ishiba’s coalition lost its majority in Sunday’s snap vote, likely forcing him to head a minority government with support from other parties to pass legislation. Businesses […]
CashNews.co (Bloomberg) — Japan’s factory output picked up more than expected in September as car output recovered as the economy continued its sputtering recovery with policymakers watching developments with concern. Most Read from Bloomberg Industrial production gained 1.4% from August, led by cars and chemical product makers, the Industry Ministry reported on Thursday. That beat […]
CashNews.co By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Thursday is shaping up to be a huge day for markets in Asia as investors brace for a deluge of major corporate and economic newsflow, topped by the Bank of Japan’s policy decision and China’s official purchasing managers index surveys […]
CashNews.co (Bloomberg) — The Bank of Japan is widely expected to stand pat Thursday in the face of elevated uncertainty, as financial markets brace for the US presidential election after Japan’s polls resulted in a lack of clarity over its next government. Most Read from Bloomberg Governor Kazuo Ueda and his fellow board members are […]
CashNews.co As Japan’s stock markets recently experienced a downturn, with the Nikkei 225 and TOPIX indices both declining amid election uncertainty, investors are increasingly interested in identifying resilient opportunities within this challenging environment. In such conditions, stocks that demonstrate strong fundamentals, adaptability to economic shifts, and potential for growth despite broader market volatility can be […]
CashNews.co By Laura Matthews NEW YORK (Reuters) -The yen hit three-month lows against the dollar on Monday, remaining under pressure as an election loss by Japan’s ruling coalition raises political and monetary policy uncertainty, while the U.S. dollar headed for its biggest monthly gain since April 2022. The dollar rose by as much as 1% […]
CashNews.co TOKYO (Reuters) – The Japanese government stuck to its assessment that the economy is recovering moderately, although it reiterated the need to pay close attention to potential global economic risks and financial market volatility. “The economy is expected to continue recovering at a moderate pace with the improving employment and income situation,” the Cabinet […]
CashNews.co A look at the day ahead in U.S. and global markets from Mike Dolan A monster Halloween week of critical market events kicked off with a sharp slide in both crude oil prices and Japan’s yen as tensions eased somewhat in the Middle East while Japan’s election injected a rare bout of political uncertainty […]
CashNews.co Japan’s Finance Minister Katsunobu Kato on Tuesday that he is ”closely watching FX moves, including those driven by speculators, with a higher sense of vigilance.” Further comments Won’t comment on forex levels. Important for currencies to move in stable manner reflecting fundamentals. Market reaction USD/JPY remains in the red near 153.00 following these above […]
CashNews.co (Bloomberg) — Liberal Democratic Party heavyweight Akira Amari’s defeat in Japan’s general election removes from parliament one of the chip sector’s biggest advocates as concerns grow over the amount of taxpayer money getting plowed into the industry. Most Read from Bloomberg Amari, who previously served as economy minister during his four decades as a […]