Japan’s Service Activity Declines for First Time in 2 Years, PMI Reveals Japanese service activity contracted in June for the first time in nearly two years as domestic demand cooled, according to a private sector survey released on Wednesday. Despite
Japan’s Land Prices Rise at Fastest Pace Since 2010, Tax Agency Reports In 2023, Japan’s land prices experienced their fastest rise since comparable data became available in 2010, as reported by the National Tax Agency on Monday. This increase highlights
Debate Highlights: Biden Struggles Against Trump on Economy During the recent presidential debate, President Joe Biden struggled to demonstrate his readiness for a second term, faltering against former President Donald Trump. The debate was controlled and policy-focused, contrasting the 2020
Yen Set for Major Swings Amid Intervention Threat, Charts Indicate The market is bracing for a significant increase in yen volatility as the currency slumps to its lowest level since 1986, raising concerns about potential Japanese intervention. Volatility spreads reveal
Economists Boost China Growth Forecasts Amid Improved Exports The outlook for China’s exports is expected to improve, supporting growth in the world’s second-largest economy even as consumer spending slows, according to a Bloomberg survey of economists. Exports are forecasted to
25-Year Yen Weakness Crisis Hits Tokyo Hard Currency traders expecting a rebound in the yen should be cautious and consider insights from experienced policy veterans rather than solely relying on current officials. Over the past year, the yen has hit
Chinese Economy Poised for Growth Despite Challenges China’s economy is set to continue its growth trajectory this year, bolstered by significant untapped potential in rural consumption, manufacturing, and further economic liberalization, as reported by the World Economic Forum. Chen Liming,
Japan’s Demand-Driven Inflation Slows, Obscuring BOJ Rate Hike Outlook Japan’s core inflation saw an uptick in May due to increased energy levies, but an index that removes the impact of fuel continued to decline for the ninth consecutive month, as
Japan’s Insurers’ Yen Hedge Falls to Decade Low Japanese life insurers have significantly reduced their protection against a strengthening yen to the lowest level in a decade, and they may continue to cut these positions in the coming months. As
Fed Officials Advocate Patience, Hint at Rate Cut Timing On Tuesday, several Federal Reserve officials emphasized the need for more concrete evidence of cooling inflation before considering lowering interest rates. They also provided some insights into when such a move
Fed’s Harker Advocates for Single Rate Cut in 2024 Based on Economic Forecast Patrick Harker, President of the Federal Reserve Bank of Philadelphia, believes that one interest rate cut this year would be suitable, based on his current economic outlook.
Japan’s Core Machinery Orders Drop in April, Sparking Capital Spending Worries Japan’s core machinery orders experienced a decline in April for the first time in three months, according to data released by the Cabinet Office on Monday. This development raises
US CPI Steady in May Ahead of Fed Decision The Bureau of Labor Statistics (BLS) is set to release the eagerly awaited Consumer Price Index (CPI) inflation data for May on Wednesday at 12:30 GMT. This report is highly significant
BOJ May Consider Reducing Bond Purchases as Rate Hike Approaches The Bank of Japan (BOJ) is anticipated to discuss reducing its bond purchases at a policy meeting concluding on Friday, with expectations also set for preparations to increase interest rates
Australian PM’s Support Falls After Weak GDP Growth Support for Australia’s center-left Labor government has slumped following a week of unfavorable economic news and political tensions over immigration, according to a new poll. Prime Minister Anthony Albanese’s party has hit
ANZ Economists Predict Earlier OCR Cut Amid ‘Meaningful Progress’ in Inflation Battle Economists at ANZ New Zealand, the country’s largest bank, have revised their forecast for the first Reserve Bank Official Cash Rate (OCR) cut, moving it up to February
Taiwan Central Bank Chief Links Rate Cut to Inflation Control On Thursday, Taiwan’s central bank governor highlighted that inflation remains the crucial determinant in the potential decision to adjust interest rates at the upcoming meeting next week. During a session
RBA Governor Bullock Predicts ‘Quite Low’ March GDP Numbers Reserve Bank of Australia (RBA) Governor Michele Bullock has indicated that a rebound in inflation or persistently high price pressures could necessitate further interest rate hikes. Speaking at a senate estimates
