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Japan, US affirm close cooperation on currency moves

Japan, US affirm close cooperation on currency moves

By Makiko Yamazaki and Leika Kihara TOKYO, May 12 (Reuters) - Japan and the U.S. reaffirmed their close cooperation in dealing with exchange rate moves, including on currency intervention, Japanese Finance Minister Satsuki Katayama told reporters after a meeting in Tokyo with her U.S. counterpart,
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World markets feel the strain as US–Iran war grinds on

World markets feel the strain as US–Iran war grinds on

By Karin Strohecker and Dhara Ranasinghe LONDON, May 12 (Reuters) - From a rout in Asian currencies to the closure of a low budget U.S. airline, the dragging Middle East conflict is starting to bite across the globe and test the resilience of financial markets.
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OECD sees Japan raising interest rates to 2% by end-2027

OECD sees Japan raising interest rates to 2% by end-2027

By Leika Kihara TOKYO, May 13 (Reuters) - The Bank of Japan is projected to raise its short-term policy rate to 2% from 0.75% currently by the end of 2027, as robust domestic demand will help the economy absorb external shocks from the Middle East conflict, the OECD said in a report on Wednesday.
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Japan panel members urge BOJ to heed firms' funding strains amid Mideast tensions

Japan panel members urge BOJ to heed firms' funding strains amid Mideast tensions

By Makiko Yamazaki TOKYO, May 11 (Reuters) - Private-sector members of Japan's key economic advisory panel urged the Bank of Japan on Monday to be cautious about the risk of funding strains on smaller firms from prolonged tensions in the Middle East.
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Economist Discusses Potential BOJ Rate Hike Amid U.S. Treasury Concerns

Economist Discusses Potential BOJ Rate Hike Amid U.S. Treasury Concerns

Martin Schulz, chief economist at Fujitsu, discussed the possibility of the Bank of Japan (BOJ) raising interest rates in June. U.S. Treasury Secretary Scott Bessent reportedly conveyed to his Japanese counterpart that higher interest rates are necessary for sustainable economic intervention. This conversation highlights the ongoing international economic dialogue and the potential for policy shifts in response to global economic conditions.
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Explainer-Who are the 'bond vigilantes' exacting a price from Britain's government?

Explainer-Who are the 'bond vigilantes' exacting a price from Britain's government?

By Dhara Ranasinghe LONDON, May 12 (Reuters) - Britain's long-dated government borrowing costs have surged to their highest since 1998 as concern that a potential change in leadership could weaken fiscal discipline unnerves bond investors.
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AI rally pauses as Middle East ceasefire goes on 'life support'

AI rally pauses as Middle East ceasefire goes on 'life support'

SINGAPORE, May 12 (Reuters) - Oil crept higher and the dollar rose on Tuesday as hopes faded for a deal to get ships moving through the Strait of Hormuz, while a red-hot chip rally in chip stocks cooled and traders waited on U.S. inflation figures. U.S.
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BOJ debated near‑term rate hike at April meeting, opening door to June move

BOJ debated near‑term rate hike at April meeting, opening door to June move

By Leika Kihara TOKYO, May 12 (Reuters) - Some Bank of Japan policymakers argued in April for raising rates soon, with one flagging the chance of a June move, highlighting a growing hawkish shift on the board as an oil shock from the Iran war raised pressure for near-term tightening.
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India races to shield economy from Iran war-driven oil shock, capital stress

India races to shield economy from Iran war-driven oil shock, capital stress

By Jaspreet Kalra and Nimesh Vora MUMBAI, May 13 (Reuters) - A sustained spike in energy prices triggered by the Iran war has clouded India's macroeconomic outlook, spurring crisis-era measures from policymakers to shield Asia's third-largest economy from external headwinds.
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Morning Bid: Ceasefire on life support

Morning Bid: Ceasefire on life support

By Mike Dolan May 12 (Reuters) - What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets With the month-old Iran war ceasefire now on “life support”, according to U.S.
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Japan Leans on U.S. and BOJ for Yen Stabilization Strategy

Japan Leans on U.S. and BOJ for Yen Stabilization Strategy

Japan is relying on a strategic alignment between the Bank of Japan (BOJ) and the U.S. Treasury to bolster its efforts in stabilizing the yen. The BOJ's recent hawkish shift, led by Governor Kazuo Ueda, marks a significant policy change aimed at curbing the yen's depreciation. This strategy involves coordinated efforts with the Japanese Ministry of Finance and support from U.S. Treasury Secretary Scott Bessent. The goal is to present a unified front to the markets, thereby increasing the cost of betting against the yen and slowing its decline. This approach is not intended to cause a dramatic reversal but to provide a more stable environment for the yen.
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Share futures ease, dollar gains as Gulf talks teeter

Share futures ease, dollar gains as Gulf talks teeter

By Wayne Cole SYDNEY, May 11 (Reuters) - Share futures slipped and the dollar climbed in Asia on Monday on signs that talks between the United States and Iran were deadlocked, leaving the vital Strait of Hormuz all but shut and sending oil prices higher.