Tag: Japan

Japan’s Economy in Emergency Set to Shrink 25%, Goldman Says

(Bloomberg) — Even with a record stimulus package, Japan’s economy is heading toward a record contraction of 25% this quarter following Prime Minister Shinzo Abe’s declaration of a state of emergency in Tokyo, Osaka and some other parts of the country, according to Goldman Sachs.The call to stay at
— Read on ca.finance.yahoo.com/news/japan-economy-emergency-set-shrink-011844469.html

Japan Not Yet Ready to Declare Virus Emergency, Abe Says

(Bloomberg) — Japanese Prime Minister Shinzo Abe said the country can hold off for now on declaring an emergency over the coronavirus pandemic despite an increase in infections that has raised worries of an explosive spread of the disease.Abe told parliament Thursday he will work with local governments
— Read on ca.finance.yahoo.com/news/japan-not-yet-ready-declare-071334012.html

Moody’s Downgrades Hong Kong for ‘Inertia’ Over Protests

(Bloomberg) — Moody’s Investors Service lowered Hong Kong’s rating as a long-term issuer of debt by one notch on Monday, just months after Fitch Ratings took a similar action amid political protests.Moody’s cited a degree of “inertia” characterizing the legislative and executive branches of government
— Read on ca.finance.yahoo.com/news/moody-downgrades-hong-kong-rating-131923050.html

Bank of Japan Leaves Rates Unchanged, Raises Growth Forecasts

(Bloomberg) — Haruhiko Kuroda trod a cautious line on the economy Tuesday despite the Bank of Japan’s stronger growth forecasts, in remarks likely aimed at pushing back early speculation that the central bank’s next move will be to start normalizing policy.Speaking after the BOJ left its interest rate
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Record-Low 0.0000000091% Yield on Japan Bond Shows BOJ Effect

(Bloomberg) — Japan’s corporate debt market has marked a milestone with a record-low 0.0000000091% yield.The landmark bond sale from a Toyota Motor Corp. unit highlights how the Bank of Japan’s ultra-low rate policy is distorting the market: not just by guiding rates to new lows but also by creating
— Read on ca.finance.yahoo.com/news/record-low-0-0000000091-yield-200000826.html

Japan Inflation Hovers at Two-Year Low as BOJ Easing Talk Grows

(Bloomberg) — Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. Japan’s key consumer prices continued to rise at the same pace in July, amid increasing speculation that the Bank of Japan may ramp up its stimulus as early as next month.Prices excluding
— Read on ca.finance.yahoo.com/news/japan-inflation-hovers-two-low-233609799.html