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IMF urges Asia to be mindful of spillover risks from tightening
TOKYO: Asian economies must be mindful of spillover risks as a decade of unconventional easing policies by major central banks is unwound faster than expected, International Monetary Fund(IMF) Deputy Managing Director Kenji Okamura said.
Nakaso, candidate to head BoJ, calls for faster green growth plan
TOKYO: Japan needs a faster “third arrow” growth strategy focusing on promoting a carbon-neutral society, including by creating a financial hub in Tokyo for Asian firms aiming to go green, according to Hiroshi Nakaso, considered a front-runner to be the country’s next central bank chief.
Household spending rebounds at end of 1Q
Private consumption up on lifting of Covid restrictions
Japan may spend US$100bil to slow yen’s slide
TOKYO: The yen may extend declines to 140 per dollar and that could trigger the Japanese government to spend US$100bil (RM433.7bil) to limit further losses, according to Bank of America (BofA).
Global shares rise, US$ at 20-year high
WASHINGTON/LONDON: The U.S. dollar touched a two-decade high against rivals on Thursday, as Wall Street rallied and European shares rose from six-week lows with strong earnings reports offseting gloomy U.S. economic data.
Asian currencies decline as Indonesia widens export ban, BOJ maintains dovish stance
BENGALURU: The Indonesian rupiah was part of a broad decline in Asian currencies led by the Japanese yen on Thursday after Jakarta's surprise decision to widen the scope of a new palm oil export ban to include crude and refined palm oil.
Insight - Why Japan wants you to fork out more for food
FOR the first time in a generation, there’s a hint of inflation in the air in Japan.
Kuroda: Yen volatility may hurt businesses
TOKYO: Bank of Japan (BoJ) governor Haruhiko Kuroda says the yen’s recent moves have been “quite sharp” and could hurt companies’ business plans, offering his strongest warning to date of the risks stemming from the currency’s depreciation.
BoJ likely to raise inflation forecast
TOKYO: The Bank of Japan (BoJ) is likely to raise its inflation forecast for the current fiscal year to near 2% at this month’s policy meeting as global commodity inflation drives up energy and food costs, said three sources familiar with its thinking.
