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NEW YORK: Asian shares were set to drift lower on Thursday as concerns about the strength of the recovery from the COVID-19 pandemic remained, even after the U.S. Federal Reserve pledged to hold interest rates near zero until at least 2023.
TOKYO: Japan's manufacturers remained pessimistic for the 14th straight month in September, and though the gloom eased somewhat the broad results of the Reuters Tankan survey pointed to a painfully slow recovery for the coronavirus-stricken economy.
THE holiday-punctured week ahead of us includes a very light economic calendar. As a result, the main focus during the week is likely to be on corporate news.
GLOBAL central bankers are discovering that monetary policies they once viewed as unconventional and temporary are now proving to be conventional and long-lasting.
TOKYO (Reuters) - Japanese Chief Cabinet Secretary Yoshihide Suga, widely expected to become prime minister next week, said on Saturday he will consider topping up payouts to households and companies to cushion the economic blow from the coronavirus pandemic.
TOKYO: Japan’s economy sank deeper into its worst postwar contraction in the second quarter as the coronavirus jolted businesses more than initially thought, underscoring the daunting task the new prime minister faces in averting a steeper recession.
Weak dollar, slow recovery may see financial institutions in social arena
Likely Abe successor says monetary policy to continue
TOKYO (Reuters) - Japan's Chief Cabinet Secretary Yoshihide Suga, a frontrunner to be the next prime minister, said he would like the central bank to continue its ultra-loose monetary policy as the economy is still struggling with the impact of the coronavirus pandemic.