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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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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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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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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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Dollar holds firm after Fed raises inflation alarm, yen slips past 160

Dollar holds firm after Fed raises inflation alarm, yen slips past 160

By Jiaxing Li HONG KONG, April 30 (Reuters) - The dollar hovered near its highest in more than two weeks on Friday after some Federal Reserve policymakers turned hawkish, sending yields to a one-month top, while the Japanese yen's break above 160 sharpened focus on intervention risks.
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Analysis-Investors reload yen shorts in intervention test

Analysis-Investors reload yen shorts in intervention test

By Gregor Stuart Hunter and Rocky Swift SINGAPORE, April 29 (Reuters) - Investors have built the biggest short yen position in nearly two years, selling the currency against the euro, Swiss franc, British pound and Australian dollar in a bet that neither rate hikes nor risk of intervention will come
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Bank of England sits tight on interest rates like US and Japan as Iran war upends the global economy

Bank of England sits tight on interest rates like US and Japan as Iran war upends the global economy

The Bank of England is keeping its main interest rate on hold at 3.75% as policymakers assess the economic impact of the Iran war and Tehran’s effective closure of the Strait of Hormuz, through which a fifth of the world’s crude passes
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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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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
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Shares fall in Asia and oil prices gain as talks stall on ending the Iran war

Shares fall in Asia and oil prices gain as talks stall on ending the Iran war

Shares are mostly lower in Asia and oil prices have gained as diplomatic efforts to end the Iran war stalled again