CashNews.co Japan’s Finance Minister Shunichi Suzuki said on Tuesday that the foreign exchange (FX) level should be determined by markets. Key quotes FX interventions during the term were significant decisions, were meaningful. FX intervention should be infrequent. The aim is for economic growth combined with fiscal health. A weak yen has positive and negative impacts on […]
CashNews.co HONG KONG (AP) — Asian shares were mixed on Tuesday, with Japan’s Nikkei 225 index regaining some of its sharp losses from a day earlier. A quarterly “tankan” survey by the Bank of Japan showed business confidence among large manufacturers remained steady at 13, indicating an improved outlook for business conditions. A positive number […]
CashNews.co By Makiko Yamazaki and Leika Kihara TOKYO (Reuters) -Japanese big manufacturers’ business sentiment was steady in the three months to September, a closely watched central bank survey showed on Tuesday, a sign the economy continues to recover despite weakness in global growth. Big non-manufacturers’ mood improved, the Bank of Japan’s (BOJ) “tankan” survey showed, […]
CashNews.co (Bloomberg) — Japanese stocks were poised for a lift early Tuesday following a tepid US session as Federal Reserve Chair Jerome Powell made fresh comments signaling no urgency for further interest-rate cuts. Most Read from Bloomberg Nikkei 225 futures pointed to gains of about 0.7%, a day after the benchmark slumped almost 5% following […]
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CashNews.co TOKYO — Mizuho Financial Group will enter negotiations to acquire a stake in Rakuten Group’s credit card unit, with the e-commerce company aiming to tap the Japanese megabank’s broad customer base to expand its corporate offerings and strengthen its fintech business. Rakuten Group announced the talks toward a strategic capital and business alliance on Monday. The […]
CashNews.co HONG KONG (AP) — Asian markets had a wild start to the week, with Tokyo’s Nikkei 225 index tumbling nearly 5% while Chinese markets soared on news of fresh stimulus for the faltering economy. Japanese shares sank after the ruling Liberal Democrats chose former Defense Minister Shigeru Ishiba to succeed Prime Minister Fumio Kishida, […]
CashNews.co Benchmark indices Sensex and Nifty look set to open the week on a cautious note, as suggested by Gift Nifty, thanks to a selloff in Japanese market amid revived fears of rate hikes by Bank of Japan and, thus, yen carry trade. Market participants would also be nervous ahead of the Sebi meet scheduled today, […]
CashNews.co Japan’s benchmark Nikkei 225 index tumbled nearly 5% early Monday after the country’s ruling Liberal Democrats chose Shigeru Ishiba, a former defense minister, as the next prime minister. Ishiba is due Tuesday to succeed current Prime Minister Fumio Kishida, who resigned as his popularity rating sank. After winning the party’s vote on Friday, Ishiba […]
CashNews.co (Bloomberg) — Japanese stocks tumbled as the equity market in Tokyo got its first chance to price in Shigeru Ishiba’s surprise victory over Sanae Takaichi in the ruling party’s leadership race on Friday. Most Read from Bloomberg The Nikkei 225 Stock Average slid as much as 4.3% as of 9:09 a.m. in Tokyo after […]