USD/JPY
Japan PM Shigeru Ishiba asks ministers to craft economic relief package to cushion inflation impact
TOKYO, JAPAN – OCTOBER 1: Japan’s new Prime Minister Shigeru Ishiba attends a press conference at the prime minister’s office on October 1, 2024 in Tokyo, Japan. Yuichi Yamazaki | Getty Images News | Getty Images Japanese Prime Minister Shigeru Ishiba said he has asked ministers to formulate an economic relief package to ease the […]
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CNBC Daily Open: Buffeted by Middle East, propelled by China
Customers at a restaurants on Nanjing East Road in Shanghai, China, on Wednesday, Oct. 2, 2024. Qilai Shen | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like […]
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Japan still expected to stick to hiking cycle despite PM Ishiba’s dovish turn
Japanese 10,000 yen banknotes arranged in Tokyo, Japan, on Saturday, Oct. 7, 2023. Shoko Takayasu, Bloomberg | Bloomberg | Getty Images Despite dovish comments from Japanese Prime Minister Shigeru Ishiba leading to a sharp plunge in the yen, market analysts aren’t budging from their Bank of Japan policy expectations for the longer term. The yen […]
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Here’s why Japan’s stocks are plunging after Shigeru Ishiba’s win
Skyline of Tokyo, Japan. Jackyenjoyphotography | Moment | Getty Images Japan’s Nikkei 225 tumbled over 4% on Monday, following a mixed set of economic data out of Japan and as traders reacted to the election of incoming Prime Minister Shigeru Ishiba. Japan’s August retail sales climbed 2.8% year on year, beating Reuters poll estimates of a 2.3% […]
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Japan top currency diplomat says watching for any build-up of yen carry trades: report
Sheets of newly-designed Japanese 10,000 yen banknotes move through a machine at the National Printing Bureau Tokyo plant in Tokyo, Japan, on Wednesday, June 19, 2024. Persistent weakness in the yen is raising concerns about the potential for a resurgence in cost-push inflation, likely weighing on private consumption. Bloomberg | Bloomberg | Getty Images Japan’s […]
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Ray Dalio says the Fed faces a tough balancing act as the economy faces ‘enormous amount of debt’
Key Points As the U.S. Federal Reserve implemented its first interest rate cut since the early Covid pandemic, billionaire investor Ray Dalio flagged that the U.S. economy still faces an “enormous amount of debt.” “The challenge of the Federal Reserve is to keep interest rates high enough that they’re good for the creditor, while keeping […]
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What a Fed rate cut could mean for the world
The U.S. Federal Reserve is on Wednesday heading for its first interest rate cut since the onset of the Covid-19 pandemic — and despite the move being widely forecast, global investors are braced for impact. The Fed is behind a swathe of its central bank peers, including those in the euro zone, the U.K., Canada, […]
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Japanese wage growth to surpass inflation for the first time in over 30 years, says asset management firm
Japanese girls hanging out on Shibuya streets of Tokyo, Japan. Ferrantraite | E+ | Getty Images Japanese wages are expected to grow in real terms in the second half of 2024 for the first time in more than three decades, according to Asset Management One. Wages in Japan are rising more rapidly than they did […]
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The yen is strengthening, but foreign investors are staying bullish on Japanese equities
A falling yen helped boost Japanese stocks to record levels this year, but overseas investors think there are still opportunities in those equities even as the currency begins to strengthen. For most of this year, the weak yen was a major bull case argument for foreign investors looking at the Japanese stock markets. For instance, […]
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Shaken, but not stirred: Japanese yen’s safe-haven tag is intact despite wild swings this year
Japanese 1,000 yen, 5,000 yen and 10,000 yen banknotes arranged in Kyoto, Japan, on Thursday, Nov. 2, 2023. The contradictions in Japan’s efforts to protect the yen while slowing the pace of rising bond yields are becoming increasingly clear in currency and debt markets. Photographer: Kentaro Takahashi/Bloomberg via Getty Images Kentaro Takahashi| Bloomberg | Getty […]
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