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China factory activity expands at quickest pace since late 2020, private PMI shows

China factory activity expands at quickest pace since late 2020, private PMI shows

BEIJING, April 30 (Reuters) - China's manufacturing sector expanded in April at its fastest pace since the end of 2020, driven by stronger output and surging new orders, a private survey showed on Thursday.
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Analysis-BOJ locks in June rate hike in a risky bet that nothing gets worse

Analysis-BOJ locks in June rate hike in a risky bet that nothing gets worse

By Leika Kihara TOKYO, April 30 (Reuters) - The Bank of Japan effectively committed to a June rate hike this week as it talked up the risks of an inflation overshoot, a gambit that rests on a shaky assumption the Iran war won't significantly worsen the economic outlook.
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BOJ warns inflation could rise well above target in risk scenario

BOJ warns inflation could rise well above target in risk scenario

By Leika Kihara TOKYO, April 30 (Reuters) - The Bank of Japan is projecting core inflation hovering around 3%, well above its 2% target, for two years in a row under a risk scenario of elevated oil prices and a weakening yen, highlighting the economy's vulnerability to an energy shock.
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Core inflation in Tokyo stays below BOJ target for third month

Core inflation in Tokyo stays below BOJ target for third month

By Leika Kihara TOKYO, May 1 (Reuters) - Annual core inflation in Tokyo hit 1.5% in April, data showed on Friday, staying below the central bank's target for a third straight month as fuel subsidies offset rising raw material costs from the Middle East conflict.
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Japan's factory output in surprise fall as Iran war takes toll on petroleum-based products

Japan's factory output in surprise fall as Iran war takes toll on petroleum-based products

By Kantaro Komiya and Leika Kihara TOKYO, April 30 (Reuters) - Japan's factory output unexpectedly fell in March as production tumbled for a range of chemical and petroleum-based goods, data showed on Thursday, suggesting the Middle East conflict is beginning to harm the country's fragile economy.
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Trading Day: AI glow brightens, Japan intervenes

Trading Day: AI glow brightens, Japan intervenes

By Jamie McGeever ORLANDO, Florida, April 30 (Reuters) - U.S. stocks surged on Thursday to close a remarkable month on a high as strong tech earnings and investment figures suggested that the AI boom has much further to run, while the yen had its best day since 2022 after Japan intervened in the
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Yen jumps 3% in biggest rally since late 2022 after officials' warning

Yen jumps 3% in biggest rally since late 2022 after officials' warning

LONDON, April 30 (Reuters) - Japan's yen surged 3%, the most in a day in over three years on Thursday, following stark warnings from Tokyo officials that intervention to prop up the currency could be imminent.
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Japan's ANA, JAL say Middle East war lifts fuel costs, no immediate supply issues

Japan's ANA, JAL say Middle East war lifts fuel costs, no immediate supply issues

TOKYO, April 30 (Reuters) - Japan's two biggest airlines, ANA Holdings and Japan Airlines (JAL), said on Thursday the Middle East conflict is keeping fuel costs elevated and the outlook uncertain.
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Dollar steady as investors brace for Fed decision in face of war

Dollar steady as investors brace for Fed decision in face of war

By Rae Wee SINGAPORE, April 29 (Reuters) - The dollar firmed on Wednesday as investors awaited a closely watched Federal Reserve rate decision in what was likely to be Chair Jerome Powell's swan song, with war in the Middle East raging and hopes for an imminent resolution dimming.
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Bank of Japan set to keep rates steady as Iran war clouds outlook

Bank of Japan set to keep rates steady as Iran war clouds outlook

By Leika Kihara TOKYO, April 28 (Reuters) - The Bank of Japan is widely expected to hold off raising interest rates on Tuesday, but drop hawkish signals to leave itself scope to push up borrowing costs in coming months to counter inflationary pressure from the Middle East conflict.
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Investors react to BOJ's decision to hold rates

Investors react to BOJ's decision to hold rates

April 28 (Reuters) - The Bank of Japan kept interest rates steady on Tuesday, but three of the nine-member board proposed hiking borrowing costs, signalling policymakers' concerns over inflationary pressures from the Middle East conflict.
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Asian stocks meander ahead of tech earnings, BOJ awaits

Asian stocks meander ahead of tech earnings, BOJ awaits

By Ankur Banerjee SINGAPORE, April 28 (Reuters) - Asian stocks held near record highs and the dollar was muted on Tuesday as investors weighed the geopolitical maelstrom in the Middle East and braced for megacap earnings and a slate of central bank meetings, with the Bank of Japan due later in the