China is in talks with Japan and South Korea – both US allies – about a possible trilateral currency swap to bolster the region’s financial safety net and deepen economic cooperation amid US President Donald Trump’s trade war, according to a source familiar with the issue. Pan Gongsheng, governor of the People’s Bank of China…
By Leika Kihara and Makiko Yamazaki TOKYO (Reuters) -The possible appointment of Satsuki Katayama as Japan’s next finance minister could give markets cause to rethink pushing the yen too low but might also help the country’s new leader find fresh ways to fund bold economic stimulus plans. Japan’s next likely prime minister Sanae Takaichi has…
By Rocky Swift and Junko Fujita TOKYO (Reuters) -Japanese shares surged to a record high on Monday, while the yen and long-term bonds plunged as Sanae Takaichi was all but confirmed to become the country’s next premier, stoking bets on a revival in big spending and loose monetary policy. The Nikkei 225 Index soared 5%…
By Tim Kelly, John Geddie and Satoshi Sugiyama TOKYO (Reuters) -Japan’s ruling party picked hardline conservative Sanae Takaichi as its head on Saturday, putting her on course to become the country’s first female prime minister in a move set to jolt investors and neighbours. The Liberal Democratic Party, which has ruled Japan for almost all…
By Tim Kelly, John Geddie and Satoshi Sugiyama TOKYO (Reuters) -Japan’s ruling party picked conservative nationalist Sanae Takaichi as its head on Saturday, putting her on course to become the country’s first female prime minister in a move set to jolt investors and neighbours. The Liberal Democratic Party, which has ruled Japan for almost all…
The Tokyo Stock Exchange. Photographer: Shoko Takayasu/Bloomberg (Bloomberg) — Japan’s stocks dropped after the central bank said that it will begin selling its holdings of exchange-traded funds. Bonds fell as two dissenting voices on the board increased expectations of an interest rate hike next month. The Nikkei 225 Stock Average earlier fell as much as…
Presidents Donald Trump and Xi Jinping are expected to discuss the US-China TikTok deal in a call due later Friday (Kirill KUDRYAVTSEV) Asian markets were mixed Friday at the end of a strong week for investors following a US interest rate cut, with attention now turning to a call between Donald Trump and Xi Jinping…
Shigeru Ishiba departs after resigning during a news conference in Tokyo, on Sept. 7. (Bloomberg) — Japanese markets face more instability as investors prepare for the departure of Prime Minister Shigeru Ishiba and the guessing game of who comes next. Most Read from Bloomberg The yen slid 0.7% against the dollar in early trading Monday,…
By Howard Schneider and Leika Kihara JACKSON HOLE, Wyoming (Reuters) -Bank of Japan Governor Kazuo Ueda said wage hikes are spreading beyond large firms and likely to keep accelerating due to a tightening job market, signaling his optimism that conditions for another interest rate hike were falling into place. The remarks are likely to reinforce…
By Gregor Stuart Hunter SINGAPORE (Reuters) -Stocks in Asia edged higher in a shaky start on Friday as anxious traders awaited a speech from Federal Reserve Chair Jerome Powell at the annual Jackson Hole symposium. Financial markets are looking out for Powell to provide clues about the likelihood of a September rate cut in the…