2023-07-29 02:55:56 The Bank of Japan headquarters in Tokyo. Bloomberg | Getty Images The Bank of Japan announced Friday “greater flexibility” in its monetary policy — surprising global financial markets. The central bank loosened its yield curve control — or YCC — in an unexpected move with wide-ranging ramifications. It sent the yen whipsawing against … Read more
2023-06-01 02:53:00 The Ministry of Finance, the Bank of Japan, and the Financial Services Agency held an extraordinary meeting just after the USD/JPY rose to a year-to-date high of 140.93 yen. This week, May 30 (Tuesday), the Ministry of Finance, the Bank of Japan, and the Financial Services Agency held a special tripartite meeting. After … Read more
2023-04-20 13:17:22 A home in Lynch, Kentucky. Scott Olson | Getty Images The banking turmoil of March, which saw the collapse of several regional U.S. lenders, will lead to a credit crunch for “small-town America,” according to veteran strategist David Roche. The collapse of Silicon Valley Bank and two other small U.S. lenders last month … Read more
People cross a street in Causeway Bay, Hong Kong. Marc Fernandes | Nurphoto | Getty Images Shares in the Asia-Pacific traded higher on Wednesday after U.S. stocks rallied for a second day. Hong Kong’s Hang Seng index surged to close 5.9% higher at 18,087.97 on its return after a holiday Tuesday. The Hang Seng Tech … Read more
Australia’s central bank expected to hike rates by 50 basis points: Archyde.com poll A Archyde.com poll of economists expects the Reserve Bank of Australia to hike its benchmark interest rate by 50 basis points to 2.85%. RBA’s board members said the case for a slower pace of rate hikes was growing, according to minutes from … Read more
An electronic board displays stock information at the Australian Securities Exchange, operated by ASX Ltd., in Sydney, Australia, on Tuesday, Feb. 6, 2018. Brendon Thorne | Bloomberg via Getty Images Asia-Pacific shares fell on Friday as investors continue to weigh the Federal Reserve’s aggressive stance. In Australia, the S&P/ASX 200 fell 2.28% to its lowest … Read more
Oil prices climb after Fed’s rate hikes, demand fears linger Oil prices climbed following the Fed’s third consecutive rate hike. Archyde.com also reported Chinese refiners are expecting the nation to release up to 15 million tonnes worth of oil products export quotas for the rest of the year, citing people with knowledge of the matter. … Read more
A pedestrian walks past an electronic quotation board displaying share prices of the Tokyo Stock Exchange in Tokyo on June 16, 2020. Kazuhiro Nogi | AFP | Getty Images Shares in the Asia-Pacific dropped sharply on Wednesday after indexes on Wall Street plunged following a higher-than-expected U.S. consumer price index report for August. Japan’s Nikkei … Read more