An editorial montage of the Japan flag and Japanese yen cash bank notes. Javier Ghersi | Moment | Getty Images The Bank of Japan will adopt a more cautious approach to hiking interest rates to avoid rapid appreciation in the yen after the recent global market turmoil, Fitch Solutions’ BMI said in a recent note. … Read more
Shipping containers are loaded onto an international freighter at the international cargo terminal in Tokyo. Yoshikazu Tsuno | AFP | Getty Images Asia-Pacific markets were largely up on Thursday after Japan’s GDP growth beat expectations, and also tracking Wall Street stocks that rose overnight after U.S. inflation data met market expectations. Consumer prices increased 2.9% year … Read more
Pedestrians cross an intersection in the Shibuya district of Tokyo, Japan, on Tuesday, April 25, 2023. Photographer: Kentaro Takahashi/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images Japan’s second-quarter gross domestic product beat analysts’ expectations on Thursday, both on a quarter-on-quarter as well as an annualized basis. GDP rose 0.8% quarter on quarter compared … Read more
A security guard stands in the main entrance to the Reserve Bank of New Zealand located in central Wellington, New Zealand, July 3, 2017. David Gray | Reuters The Reserve Bank of New Zealand lowered its cash rate by 25 basis points to 5.25% on Wednesday. The move surprised economists polled by Reuters, which were … Read more
The upscale shopping district of Ginza in Tokyo, Japan, on Saturday, May 4, 2024. Bloomberg | Bloomberg | Getty Images Asia-Pacific markets are set to continue gaining on Wednesday after producer prices in the U.S. came in lower than expected for July. The producer price index — a measure of wholesale inflation — increased 0.1% last month. … Read more
Corrections in the yen and the unwinding of the carry trade are positive developments for Japan, said Jesper Koll, a veteran investor who remains bullish on the Japanese market. “It forces investors to focus on the real Japan strategy … not just a quick carry trade, borrowing at close to zero interest rates in Japan … Read more
Colorful old shophouses in Cross Street, Chinatown. Pictures From History | Universal Images Group | Getty Images Japan’s major indexes gained more than 2% in Tuesday morning trading as they returned from a holiday. The benchmark Nikkei 225 jumped 2.53% higher and breached 36,000 for the first time since Aug. 2. The Topix followed suit, gaining … Read more
In the 1980s, Japan was the dominant player in the semiconductor market. But huge shifts in the way the chip supply chain operated eroded that leading-edge. Countries like Taiwan with TSMC, the world’s largest and most advanced semiconductor manufacturer, began to dominate in the production of chips. The U.S. is key in areas like design. … Read more
A money lender counts Indian rupee currency notes at his shop in Ahmedabad, India. Amit Dave | Reuters Asia-Pacific markets opened higher on Monday after a roller-coaster week that saw steep sell-offs followed by a sharp recovery, especially in Japan stocks. Futures for key U.S. indexes were lower as investors awaited key inflation data due … Read more
Zafrul Tengku Abdul Aziz, Malaysia’s international trade and industry minister, from left, Muhammad Sanusi Md Nor, chief minister of Kedah state, Anwar Ibrahim, Malaysia’s prime minister, Jochen Hanebeck, chief executive officer of Infineon Technologies AG, and Rutger Wijburg, chief operating officer of Infineon Technologies AG, during the opening of the company’s site of a new … Read more
