Pedestrians cross an intersection in the Shibuya district of Tokyo, Japan, on Tuesday, Feb. 6, 2024. Bloomberg | Bloomberg | Getty Images Asia-Pacific markets continued Friday’s sell-off as investors awaited key trade data from China and Taiwan this week, as well as central bank decisions from Australia and India. Japan’s markets led losses in the … Read more
A man walks past an electronic quotation board displaying the exchange rate for the Japanese yen against the US dollar in Tokyo on August 2, 2024 Kazuhiro Nogi | Afp | Getty Images The key driver of global markets is the yen exchange rate, according to one financial historian, who warned the trend should concern … Read more
Japan’s central bank has raised its benchmark interest rate to “around 0.25%” from its previous range of 0% to 0.1% and outlined its plan to taper its bond buying program. This would mark the Bank of Japan’s highest interest rates since 2008. But the Bank of Japan said it expects real interest rates to remain … Read more
In a photo taken on November 4, 2019 a subway train crosses a rail bridge over the Han river, before the skyline of the Yeouido business district of Seoul. Ed Jones | Afp | Getty Images Japan’s Nikkei 225 extended its six-day losing streak to plunge 3%, leading losses among Asian indexes as the region … Read more
Cherry trees in bloom near the Nippon Budokan in Tokyo, Japan, on Sunday, April 7, 2024. Bloomberg | Bloomberg | Getty Images Asia-Pacific markets rose on Wednesday after the Dow Jones Industrial Average and the S&P 500 closed at record highs overnight as traders become increasingly bullish on interest rate cuts. Japan’s Nikkei 225 rose … Read more
A man walks past an electronic board showing the rate of the Japanese yen versus the US dollar along a street in Tokyo on February 14, 2024. Kazuhiro Nogi | Afp | Getty Images A fresh market projection by the Bank of Japan on Friday hints at a possible intervention of around $22 billion into … Read more
Skyscrapers in the La Defense business and financial district in Paris, France, on Monday, June 3, 2024. Bloomberg | Bloomberg | Getty Images Reaction to the historic French and U.K. elections dominated the start of the week, but attention has moved to a flurry of inflation data. On Thursday, the U.S. consumer price index declined … Read more
People stand outside a money changer looking at the rates of the Japanese yen against foreign currencies, along a street in central Tokyo on April 29, 2024. Richard A. Brooks | Afp | Getty Images The dollar lost around 2% against the Japanese yen on Thursday as the market was suddenly jolted by fresh inflation … Read more
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 The … Read more
People in Singapore are paying 10% higher for ladies’ handbag and shoes, and more than 5% for men’s suits and watches. Ore Huiying | Getty Images News | Getty Images Sky-high property prices, exorbitant car ownership costs and expensive private medical care, among other factors, have kept Singapore the most expensive city for the super … Read more
