Policymaker assembly ends with yen standing upright
The yen demonstrated a significant strengthening on Tuesday in response to the news of an upcoming meeting between Japan’s finance ministry and central bank. Simultaneously, the dollar surged to a two-month high against a basket of its peer currencies following the resolution of the U.S. debt ceiling issue. After the news was made public, the […]
Stocks are calm ahead of a possible CPI hurricane
On Thursday, Asian markets remained below seven-month highs as investors awaited confirmation from U.S. data that inflation is on the decline. The yen increased on news that Japan will examine the consequences of its ultra-easy monetary policy next week.MSCI’s broadest index of Asia-Pacific shares outside of Japan (.MIAPJ0000PUS), which followed advances for Wall Street indexes […]
Japanese investors dump overseas bonds
Japanese investors sold the most overseas debt in a month. This is on concerns over monetary tightening by the world’s major central banks. According to Japan’s Ministry of Finance data, domestic investors sold a net 3.2 trillion Japanese yen ($27.64 billion) in overseas bonds. Meanwhile, the data showed they bought foreign equities worth 322 billion […]
Support measures push Japanese corporate bankruptcies to 50 year low
The number of corporate bankruptcies in Japan fell at the fastest rate this year to hit the lowest in 50 years for a July. A private-sector credit research firm thanked to funding support from the government and banks. There were 476 company bankruptcies in July, down 40% from the same month a year ago. This is shown in […]