Traders work on the floor of the New York Stock Exchange during afternoon trading on August 02, 2024 in New York City. Michael M. Santiago | 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 … Read more
Traders work on the floor of the New York Stock Exchange during afternoon trading on August 02, 2024 in New York City. Michael M. Santiago | 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 … 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
Traders work on the floor of the New York Stock Exchange during morning trading on August 06, 2024 in New York City. Michael M. Santiago | 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 … Read more
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 … Read more
The Bank of Japan raised interest rates for the first time since 2007 on Tuesday, pushing them above zero to close a chapter in its aggressive effort to stimulate an economy that has long struggled to grow. The BOJ effectively scrapped the world’s last negative interest rate, ending the most aggressive monetary stimulus programme in … Read more
TOKYO: The Bank of Japan ended eight years of negative interest rates and other remnants of its unorthodox policy on Tuesday, making a historic shift away from a focus of reflating growth with decades of massive monetary stimulus.While the move will be Japan’s first interest rate hike in 17 years, it still keeps rates stuck … Read more
Japan loses the tag of world’s 3rd largest economy! Official data released on Thursday revealed that Japan, once expected to claim the title of the world’s largest economy, fell to fourth place behind Germany last year. However, projections indicate that India is poised to surpass both nations later in this decade to bag the third … Read more
NARA: The Bank of Japan will likely end its risky asset purchases but avoid raising interest rates rapidly when scaling back monetary support, Deputy Governor Shinichi Uchida said in the strongest hint to date that an end to its massive stimulus was nearing. Service-sector prices are rising as more companies hike wages and pass on … Read more
Nikkei today: Tokyo’s Nikkei ends above 35,000 for the first time since 1990! According to an AFP report, Tokyo’s Nikkei index closed above 35,000 at the end of the trading session on Thursday, marking the first occurrence in nearly 34 years. This surge was propelled by optimistic expectations for a more robust economy, indicating a … Read more