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BOJ's rate-hike path runs into Takaichi's bond market problems

BOJ's rate-hike path runs into Takaichi's bond market problems

By Leika Kihara TOKYO, Aug 10 (Reuters) - The Bank of Japan may be edging toward an early rate hike, but it faces a growing risk that any move to tighten policy will be offset by mounting political pressure to support the bond market.
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Analysis-BOJ's rate-hike path runs into Takaichi's bond market problems

Analysis-BOJ's rate-hike path runs into Takaichi's bond market problems

By Leika Kihara TOKYO, Aug 10 (Reuters) - The Bank of Japan may be edging toward an early rate hike, but it faces a growing risk that any move to tighten policy will be offset by mounting political pressure to support the bond market.
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BOJ's debate on faster hikes bolsters September rate move odds

BOJ's debate on faster hikes bolsters September rate move odds

By Leika Kihara TOKYO, Aug 10 (Reuters) - The Bank of Japan's case for a September rate hike strengthened after a growing chorus of policymakers argued for a more forceful response to mounting inflation risks, a summary of opinions at their July meeting showed on Monday.
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Trading Day: Strait talking

Trading Day: Strait talking

By Jamie McGeever ORLANDO, Florida, Aug 10 (Reuters) - Wall Street wobbled and oil prices leaped 5% on Monday, as hopes of a U.S.-Iran peace deal and reopening of the Strait of Hormuz faded, while investors looked ahead to U.S. inflation data later in the week and remained on alert for more
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Typhoon Dolphin floods central China, parts of Beijing

Typhoon Dolphin floods central China, parts of Beijing

By Liz Lee, Nicoco Chan and Go Nakamura XIANGYANG, China, Aug 11 (Reuters) - Typhoon Dolphin churned deeper inland to the central Chinese province of Hubei on Tuesday, flooding streets, forcing the closure of tourist areas and halting construction projects, as forecasters warned of extreme rainfall
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Typhoon Dolphin's vast storm system pushes inland, threatens central China

Typhoon Dolphin's vast storm system pushes inland, threatens central China

XIANGYANG, China, Aug 11 (Reuters) - Typhoon Dolphin churned deeper inland to the central Chinese province of Hubei on Tuesday, prompting the closure of tourist areas and suspension of construction projects, as forecasters warned of the danger of extreme rainfall in the province's mountainous
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Typhoon Dolphin floods central China, puts Beijing on alert for heavy rain

Typhoon Dolphin floods central China, puts Beijing on alert for heavy rain

By Liz Lee, Nicoco Chan and Go Nakamura XIANGYANG, China, Aug 11 (Reuters) - Typhoon Dolphin churned deeper inland to the central Chinese province of Hubei on Tuesday, flooding streets, forcing the closure of tourist areas and halting construction projects, as forecasters warned of extreme rainfall
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Japan's executives call for FX stability as weak yen intensify import-cost pressure

Japan's executives call for FX stability as weak yen intensify import-cost pressure

By Kentaro Okasaka and Maki Shiraki TOKYO, Aug 10 (Reuters) - Japanese executives are increasingly warning that currency swings and a persistently weak yen pose risks to the economy, highlighting concerns that triggered last week's joint Japan-U.S. intervention to support the currency.
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Morning Bid: Long bond bother

Morning Bid: Long bond bother

By Mike Dolan Aug 11 (Reuters) - What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets With U.S.
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Japan's $96 Billion Bond Losses Raise Concerns for U.S. Debt and Bitcoin

Japan's $96 Billion Bond Losses Raise Concerns for U.S. Debt and Bitcoin

Japan's major life insurers are facing $96 billion in unrealized losses on Japanese government bonds due to rising interest rates. This situation arises as Japan transitions away from decades of ultra-low interest rates, leading to higher borrowing costs. The losses are primarily an accounting issue, as insurers typically hold bonds to maturity. However, the shift in Japan's bond market reflects broader challenges for the Bank of Japan, which must balance stabilizing the yen and controlling inflation with the financial health of insurers, banks, and pension funds. The rising bond yields have caused the market value of older bonds to fall, impacting insurers' portfolios accumulated during periods of aggressive monetary easing.
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US and Japan Intervene in Currency Markets to Stabilize Yen Amid Economic Concerns

US and Japan Intervene in Currency Markets to Stabilize Yen Amid Economic Concerns

The United States and Japan have intervened in the currency markets to support the Japanese yen, marking the first such action since the 1998 Asian financial crisis. This intervention was prompted by the yen's significant depreciation, which breached the Bank of Japan's critical threshold of 162 yen to the dollar. The Bank of Japan and the US Treasury collectively spent billions to stabilize the yen, temporarily boosting its value. However, the yen's exchange rate has since slipped, raising concerns about Japan's economic fundamentals, including high government debt and rising inflation.
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Oil prices jump, Wall Street and European shares under pressure with Hormuz, inflation in focus

Oil prices jump, Wall Street and European shares under pressure with Hormuz, inflation in focus

By Chris Prentice and Harry Robertson NEW YORK/LONDON, Aug 10 (Reuters) - European shares and major Wall Street indexes were lower on Monday, with markets focused on the outlook for Federal Reserve interest rates and on a potential deal between the U.S. and Iran to reopen the Strait of Hormuz.