BOJ is holding cards close to its chest on December rate hike
The Bank of Japan is staying guarded on the timing of the next rate hike with December hardly a done deal given soft consumption, its governor’s cautious decision-making style and anxiety over U.S. economic policy in a second Trump presidency. BOJ Governor Kazuo Ueda signalled that December will be a live meeting in an interview…
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Japan’s Nikkei books best week since mid-August, but BOJ caps gains
Japan’s Nikkei share average rose on Friday and logged its best week since mid-August, but gains were capped as the yen strengthened after the Bank of Japan set the stage for future interest rate hikes The tech-heavy Nikkei ended the day up 1.53% at 37,723.91, with chip-sector stocks rallying in line with their U.S. peers….
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Asian equities advance as Yen steadies after drop: Markets wrap
Asian stocks advanced Tuesday, led by Japanese equities, while the yen steadied after weakening against the dollar over the past week. Japanese stocks rose alongside Hong Kong equity futures, while shares in Sydney were little changed. US contracts edged lower ahead of Wall Street reopening later Tuesday, following the Labor Day public holiday. The yen…
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Japan’s Nikkei inches higher amid weaker yen, pharma extends rally
Japan’s Nikkei share average rose in early trade on Friday, with pharma shares rallying for a second session, although gains were limited as tech stocks followed their U.S. peers lower. Japanese exporter-heavy equity markets also got some broad support from a weaker yen versus the dollar. However, the outlook for the currency pair looks murky,…
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Japanese shares lift Asian stocks ahead of US data barrage
Asian stocks rose on Tuesday, led by Japanese shares on the back of a steady yen, with traders awaiting data including the U.S. inflation report to gauge the Federal Reserve’s policy outlook after volatile moves last week. Oil prices eased in early trading after a 3% jump in the previous session as investors kept an…
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Japan stocks tumble in biggest 2-day rout since 2011 tsunami
What started as a nasty drop in Japanese stocks on Thursday turned into a full-blown rout on Friday as the Topix index posted its biggest two-day decline since the 2011 tsunami. Itβs a stark turnaround from the record high set in July, when Japanese equities were being celebrated as one of the worldβs best-performing markets….
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Bank of Japan raises policy rate to 0.25%, second hike in 17 years
The Bank of Japan lifted its main interest rate Wednesday for just the second time in 17 years in another step away from its long-standing ultra-loose monetary policies.“Moves to raise wages have been spreading” in Japan while “economic activity and prices have been developing generally in line with the bank’s outlook”, the BoJ said. If…
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