Japanese Finance Minister Katsunobu Kato said Wednesday that he has agreed with new U.S. Treasury Secretary Scott Bessent that they w
The Bank of Japan raised interest rates on Friday to their highest since the 2008 global financial crisis, underscoring its confidence that rising wages will keep inflation stable around its 2% target.
The U.S. dollar weakened against the yen on Thursday, as softer-than-expected U.S. economic data and growing confidence for a Bank of Japan interest-rate hike sent it tumbling to a near one-month low against the Japanese currency.
Another 0.25 percentage-point hike to Japanese rates has come and gone without markets batting an eye. That is surely the point of the central bank’s drive to normalise monetary policy. With wages and prices on the up,
TOKYO/SEOUL (Reuters) -Shares of Japanese automakers and South Korean battery makers declined on Tuesday, after U.S. President Donald Trump said he could impose tariffs on Canada and Mexico soon and revoked the previous administration's executive order on electric vehicles.
By Chibuike Oguh and Stefano Rebaudo NEW YORK (Reuters) -The Japanese yen and the Swiss franc gained while the U.S. dollar fell against major currencies on Monday amid a selloff in technology stocks
The dollar steadied on Wednesday ahead of the U.S. Federal Reserve's policy decision, with investors on edge for hints of how much interest rates might fall this year, while they broadly expect the central bank to keep policy unchanged for now.
Asian shares are mixed in a muted reaction to the inauguration of U.S. President Donald Trump. Trump's release of an “America First Trade Policy” memo on Monday indicated no immediate
The U.S. dollar weakened against the yen on Thursday, as softer-than-expected U.S. economic data and growing confidence for a Bank of Japan interest-rate hike sent it tumbling to a near one-month low against the Japanese currency.
Technology stocks regained ground on Tuesday, a day after a low-cost Chinese AI model rattled markets, while traders rotated back into the
The chatbot developed by DeepSeek has shown the ability to match the capacity of US AI pace-setters for a fraction of the investments made by US companies.
Japanese tech firms sank Tuesday after a sell-off in US titans following news of China's DeepSeek chatbot, while the dollar rallied on a report saying Washington was considering universal tariffs on a range of goods.