World shares sink after inflation driven retreat on Wall Steet
2 years, 7 months ago

World shares sink after inflation driven retreat on Wall Steet

Firstpost  

The sentiment in the market is highly negative as traders and investors are largely concerned about an economic downturn and soaring inflation, said an expert Tokyo: Shares declined in Europe and Asia on Thursday after a broad retreat on Wall Street triggered by worries over the impact of persistent high inflation on corporate profits and consumer spending. Germany’s DAX lost two per cent to 13,731.64 and the CAC 40 in Paris declined 1.9 per cent to 6,234.78. The Dow industrials sank more than 1,100 points, or 3.6 per cent on Wednesday, and the S&P 500 had its biggest drop in nearly two years, shedding four per cent. Japan’s exports grew to 8.076 trillion yen last month, up 12.5 per cent from the previous year, according to Ministry of Finance data released Thursday. In South Korea, the Kospi shed 1.3 per cent to 2,592.34, while Australia’s S&P/ASX 200 gave up 1.7 per cent to 7,064.50.

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History of this topic

Yen hits six-week high, dollar dips for month-end
Trending News
3 weeks, 3 days ago

Yen hits six-week high, dollar dips for month-end

Live Mint  

By Karen Brettell and Harry Robertson NEW YORK, Nov 29 - The yen jumped to a six-week high against the dollar on Friday after faster-than-expected inflation in Tokyo supported bets for a Bank of Japan interest rate hike next month. Tokyo's core consumer price index, which excludes volatile fresh food costs, rose 2.2% year-on-year in November from a year earlier, …

Yen hits 6-week high amid growing BOJ rate hike bets
Trending News
3 weeks, 4 days ago

Yen hits 6-week high amid growing BOJ rate hike bets

Live Mint  

By Kevin Buckland TOKYO, Nov 29 - The yen jumped as much as 1.2% against the U.S. dollar to a six-week high on Friday, after faster-than-expected inflation in Tokyo supported bets for a Bank of Japan interest rate hike next month. The dollar index, which measures the greenback versus the yen, sterling, euro, and three other rivals, was 0.2% weaker …

US Dollar rises to near 7-month high as inflation data hints Fed’s rate cuts strategy
1 month, 1 week ago

US Dollar rises to near 7-month high as inflation data hints Fed’s rate cuts strategy

Live Mint  

The United States dollar rose to nearly a seven-month high against major currencies on Wednesday, November 13, after the U.S. inflation data for October showed an increase, in line with market expectations and hinted that the Federal Reserve would keep cutting rates, reported the news agency Reuters. The US dollar rose to its highest level since April 16, fueled by …

US dollar and bitcoin advance spurred by Trump tariff expectations
1 month, 1 week ago

US dollar and bitcoin advance spurred by Trump tariff expectations

Live Mint  

* Dollar index rises to 6-1/2-month high * Bitcoin hits record high on Trump tariff promise * Euro sinks to lowest since November 2023 By Chibuike Oguh and Harry Robertson NEW YORK/LONDON, - The U.S. dollar rose to a 6-1/2-month high against major peers on Tuesday, while bitcoin pared gains after earlier hitting a record high amid expectations of inflationary …

US dollar and bitcoin advance spurred by Trump tariff expectations
1 month, 1 week ago

US dollar and bitcoin advance spurred by Trump tariff expectations

Live Mint  

By Chibuike Oguh and Harry Robertson NEW YORK/LONDON -The U.S. dollar rose to a 6-1/2-month high against major peers on Tuesday, while bitcoin pared gains after earlier hitting a record high amid expectations of inflationary import tariffs from Republican President-elect Donald Trump Bitcoin gained 1.88% to $89,683.00, slightly below a new all-time peak of $89,982. "It's still an extension of …

Japan records trade deficit as surging global prices pushes imports higher
4 months ago

Japan records trade deficit as surging global prices pushes imports higher

Associated Press  

TOKYO — Japan racked up a 621 billion yen trade deficit in July, as prices of imports surged, according to government data released Wednesday. Japan’s imports grew nearly 17% from a year ago to 10.2 trillion yen, while exports grew 10% to 9.6 trillion yen, the Finance Ministry said. Exports grew to the U.S., China and Brazil, but auto exports …

Yen Rallies Against Dollar, Outstripping Most of Its G-10 Peers
4 months ago

Yen Rallies Against Dollar, Outstripping Most of Its G-10 Peers

Live Mint  

The yen outperformed most of its peers in the Group of 10 Monday, rallying against the dollar in jittery trading ahead of key central bank events later in the week. The rally came amid broad weakness in the dollar, with investors on edge before Bank of Japan Governor Kazuo Ueda appears in parliament on Friday, and Federal Reserve Chair Jerome …

Japan's share benchmark resumes swings after calm day on Wall Street
4 months, 2 weeks ago

Japan's share benchmark resumes swings after calm day on Wall Street

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. The interest rate hike, however …

Japan Stock market crash: Nikkei 225 index plunges 12.4% as world markets tremble over risks to the US economy
4 months, 2 weeks ago

Japan Stock market crash: Nikkei 225 index plunges 12.4% as world markets tremble over risks to the US economy

The Hindu  

Japan’s benchmark stock index plunged 12.4% on August 5, compounding a global market rout set off by investor concerns that the the U.S. economy could be headed for recession. But after Friday’s jobs report, worries are rising the Fed may have kept its main interest rate at a two-decade high for too long, raising risks of a recession in the …

Japan's trade deficit for first half declines as exports recover
5 months ago

Japan's trade deficit for first half declines as exports recover

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Japan posted a trade surplus …

Japan signals it may prop up yen after currency falls to 38-year low
5 months, 3 weeks ago

Japan signals it may prop up yen after currency falls to 38-year low

Al Jazeera  

Japan has signalled it may intervene to prop up the yen after the currency fell to a 38-year low against the US dollar. “We are watching moves with a high sense of urgency, analysing the factors behind the moves, and will take necessary actions.” The Japanese finance chief made his comments after the yen weakened to 160.88 against the dollar …

Japan’s exports surge 13.5% in May, helped by cheap yen and strong demand in US, Asian markets
6 months ago

Japan’s exports surge 13.5% in May, helped by cheap yen and strong demand in US, Asian markets

Associated Press  

TOKYO — Japan’s exports surged 13.5% in May, faster than expected growth helped by a weak yen and strong demand in the U.S. and Asia. Finance Ministry data reported Wednesday showed that the trade deficit totaled 1.22 trillion yen, down nearly 12% from 1.38 trillion yen a year earlier. In fact, “most of the increase in trade values over the …

Japan’s economy shrank more than expected in the first quarter
7 months, 1 week ago

Japan’s economy shrank more than expected in the first quarter

Associated Press  

TOKYO — The Japanese economy shrank at an annual rate of 2% in the first quarter of this year, as consumption and exports declined, the government said Thursday. Although unemployment has stayed relatively low in the world’s fourth largest economy at about 2.6%, wage growth has been slow and prices have risen partly due to weakness of the yen against …

Why is Japan’s yen falling and why is it so weak against the US dollar?
7 months, 3 weeks ago

Why is Japan’s yen falling and why is it so weak against the US dollar?

Al Jazeera  

The weakness of the Japanese currency is back in the spotlight after sinking to its lowest level since April 1990. The yen recovered to 155.01 per dollar later in the day, prompting speculation that Japanese authorities had intervened to prop up the value of the currency. “Also, market expectations rapidly changed on the Fed’s monetary policy.” The gap in interest …

Japan’s yen surges after sinking to lowest level against dollar since 1990
7 months, 3 weeks ago

Japan’s yen surges after sinking to lowest level against dollar since 1990

Al Jazeera  

Japanese currency sinks to 160.17 per dollar before rising to 155.01 amid speculation of intervention by authorities. The yen on Monday sank to 160.17 per dollar, the lowest since April 1990, setting off murmurs that Japanese authorities could intervene to prop up the currency for the first time since late 2022. The yen has been on a near continual slide …

Japan’s exports rise nearly 8% in February on strong shipments of cars and machinery
9 months ago

Japan’s exports rise nearly 8% in February on strong shipments of cars and machinery

Associated Press  

TOKYO — Japan’s exports rose 7.8% in February from a year earlier on strong shipments of cars and electrical machinery, the government said Thursday. Exports in February totaled 8.2 trillion yen, marking the third straight month of growth, according to preliminary customs data. The picture for imports was mixed, with China supplying 1.7 trillion yen, a nearly 17% annual increase …

Lack of drivers drops Japan down to fourth
10 months ago

Lack of drivers drops Japan down to fourth

China Daily  

Pedestrians walk past an electronic board showing the closing numbers of the Tokyo Stock Exchange along a street in Tokyo on February 8, 2024. According to official Japanese data released on Thursday, Japan's nominal GDP in 2023 was 591.48 trillion yen, lower than Germany's $4.46 trillion. While being surpassed by Germany, Japan's nominal GDP grew by 5.7 percent in 2023, …

Japan slips into recession; loses its spot as the world's third-largest economy
10 months, 1 week ago

Japan slips into recession; loses its spot as the world's third-largest economy

The Hindu  

Japan’s economy is now the world’s fourth-largest after it contracted in the last quarter of 2023 and fell behind Germany. Japan’s nominal GDP totaled $4.2 trillion last year, while Germany’s was $4.4 trillion, or $4.5 trillion, depending on the currency conversion. The U.S. remains the world’s largest economy by far, with GDP at $27.94 trillion in 2023, while China's was …

Japan slips to the world's fourth-largest economy, behind the US, China and now Germany
10 months, 1 week ago

Japan slips to the world's fourth-largest economy, behind the US, China and now Germany

The Hindu  

Japan has slipped to the world’s fourth-largest economy as government data released on January 15 showed it fell behind the size of Germany's in 2023. Japan’s nominal GDP totaled $4.2 trillion last year, or about 591 trillion yen. The latest data reflect the realities of a weakening Japan and will likely result in Japan’s commanding a lesser presence in the …

Japan slips into a recession and loses its spot as the world’s third-largest economy
10 months, 1 week ago

Japan slips into a recession and loses its spot as the world’s third-largest economy

Associated Press  

TOKYO — Japan’s economy is now the world’s fourth-largest after it contracted in the last quarter of 2023 and fell behind Germany. Japan’s nominal GDP totaled $4.2 trillion last year, while Germany’s was $4.4 trillion, or $4.5 trillion, depending on the currency conversion. But its economy, one of the world’s worst performing last year, also contracted in the last quarter, …

Japan slips into a recession and loses its spot as the world’s third-largest economy
10 months, 1 week ago

Japan slips into a recession and loses its spot as the world’s third-largest economy

LA Times  

A sushi chef prepares a plate at the Toyosu Market in Tokyo. Japan’s economy is now the world’s fourth-largest after it contracted in the last quarter of 2023 and fell behind Germany. Japan’s nominal GDP totaled $4.2 trillion last year, while Germany’s was $4.4 trillion, or $4.5 trillion, depending on the currency conversion. But its economy, one of the world’s …

Japan slips into recession, allowing Germany to overtake as world’s third-largest economy
10 months, 1 week ago

Japan slips into recession, allowing Germany to overtake as world’s third-largest economy

CNN  

Hong Kong/Tokyo CNN — Japan’s economy has contracted unexpectedly because of weak domestic consumption, pushing the country into recession and causing it to lose its position as the world’s third largest economy to Germany. What’s more, the Bank of Japan’s Tankan survey showed that business conditions across all industries and firm sizes were the strongest they’ve been since the fourth …

Japan's exports surge 10% in December on strong demand for autos, revived trade with China
11 months ago

Japan's exports surge 10% in December on strong demand for autos, revived trade with China

The Hindu  

Japan's exports surged almost 10% in December from a year earlier, helped by a revival in trade with China and strong demand for vehicles, machinery and computer chips. A weak Japanese yen has helped export manufacturers like Toyota, Honda and Sony, though it increases the costs of imports of key commodities like oil and gas needed to fuel the world's …

Japan records a trade deficit in August as exports to China, rest of Asia weaken
1 year, 3 months ago

Japan records a trade deficit in August as exports to China, rest of Asia weaken

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Yen soars to 4-month high after surprise BOJ policy tweak
2 years ago

Yen soars to 4-month high after surprise BOJ policy tweak

Live Mint  

The yen surged to a four-month peak against the dollar on Tuesday after the Bank of Japan stunned markets by deciding to review its yield curve control policy and widen the trading band for the 10-year government bond yield. While it kept broad policy settings unchanged - pinning short-term JGB yields at -0.1% and the 10-year yield around zero - …

Yen plunges to new 24-year low against US dollar
2 years, 3 months ago

Yen plunges to new 24-year low against US dollar

Al Jazeera  

One dollar was worth more than 140 Japanese yen for the first time since 1998 in European afternoon deals. One dollar was worth more than 140 yen for the first time since 1998 in European afternoon deals on Thursday, as the greenback also strengthened against other currencies, boosted by the ever-widening gap between the yields on US and Japanese government …

Japan’s weaker yen a blessing to some, burden for others
2 years, 6 months ago

Japan’s weaker yen a blessing to some, burden for others

Associated Press  

TOKYO — The Japanese yen has weakened, trading in recent weeks at 20-year lows of 130 yen to the U.S. dollar just when prices of oil and other goods are surging partly due to the war in Ukraine. Operating profit at Japan’s top automaker Toyota Motor Corp. got a hefty 610 billion yen windfall from the favorable exchange rate. “For …

Weaker yen, costly oil push Japan’s trade deficit higher
2 years, 8 months ago

Weaker yen, costly oil push Japan’s trade deficit higher

Associated Press  

Japan’s weakening yen raised further alarm in Tokyo on Wednesday as the government reported a bigger-than-expected trade deficit largely due to soaring costs for imports of oil, food and other necessities. Earlier, the concern was that the dollar would rise to the 130 yen level by the year’s end, Richard Katz, editor-in-chief of The Oriental Economist, said in a commentary. …

Japan’s imports, exports grow on overseas economic rebound
3 years, 4 months ago

Japan’s imports, exports grow on overseas economic rebound

Associated Press  

TOKYO — Japan’s exports in July jumped 37% from a year ago, the government said Wednesday, highlighting an overseas recovery from the coronavirus pandemic. Imports also grew, rising 28.5%, according to Finance Ministry data, for the second straight month of a trade surplus for the world’s third largest economy. Japan’s exports grew to the U.S., Asia and Europe; while imports …

World shares sink as bond yields, commodities surge
3 years, 10 months ago

World shares sink as bond yields, commodities surge

Hindustan Times  

World shares sank on Monday as expectations for faster economic growth and inflation battered bonds and boosted commodities, while rising real yields made equity valuations look more stretched in comparison. "The coming week is relatively thin on the international data agenda, but after the recent rise in long bond yields, Fed Chairman Powell's hearings in both chambers of Congress will …

Japan's economy shrinks 4.8% due to Covid in 2020
3 years, 10 months ago

Japan's economy shrinks 4.8% due to Covid in 2020

India TV News  

Japan's economy surged in the fourth quarter of 2020 but it was not enough to keep the world's third-largest economy away from negative growth for the year as the economy shrank 4.8 percent due to the Covid-triggered crises -- the first contraction since 2009. The growth figures come as Japan's Nikkei index briefly hit 30,000 for the first time since …

China buoys outlook for Japan exports
3 years, 11 months ago

China buoys outlook for Japan exports

China Daily  

The pre-pandemic throngs of tourists are absent on Monday from a street leading to a popular temple in Kyoto, Japan. BUDDHIKA WEERASINGHE/GETTY IMAGES Brighter December, with boost from neighbor, offers hope for trade pickup Soaring demand from China lifted Japan's exports to their first monthly increase in more than two years in December, government data showed, offering a glimmer of …

World shares subdued despite strong growth data from China
3 years, 11 months ago

World shares subdued despite strong growth data from China

Associated Press  

Stock markets got off to a slow start for the week despite news that the Chinese economy grew 2.3% in 2020 after a sharp contraction early in the year. Investors appear to have grown increasingly wary over the deepening economic devastation from the pandemic despite hopes that COVID-19 vaccines and fresh aid for the U.S. economy might hasten a global …

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