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Japan

US Dollar Rally Unlikely to Last, UBS Says, Outlining Implications for Major Currencies

The US dollar has surged to near its highest level of the year, but UBS analysts believe this strength is unlikely to be sustained, citing factors such as expected Fed rate cuts and concerns about the US fiscal deficit. The DXY index, which tracks the US dollar against six major

Nikkei's Long-Term Uptrend Intact Despite April Setbacks: Nikko Asset Management

The Nikkei Stock Average has retreated from its record high above 40,000, closing April down 4.86% as the TOPIX also fell 0.91%. While the Bank of Japan's decision to maintain its monetary policy offered some support, the Japanese equity market faced headwinds from multiple fronts.

Japan's Stock Market Rally Shows Staying Power: Fidelity

Japan's stock market continues its upward trajectory in 2024, building on its bull run in 2023. According to a report published by Fidelity on Friday, the rally is driven by a combination of technical factors, improving economic fundamentals, and ongoing corporate governance reforms. However, sustained gains will likely
Japan's Stock Market Rally Shows Staying Power: Fidelity

Asian Central Banks Face Currency Weakness as US Dollar Strengthens

Central banks across Asia are grappling with the challenge of weakening currencies as the US dollar continues to strengthen, complicating their path towards easing monetary policy. The resilience of the US economy and expectations for delayed Federal Reserve rate cuts have fueled the dollar's rise, putting pressure on
Asian Central Banks Face Currency Weakness as US Dollar Strengthens

Yen's Weakness Sparks Concerns Over Rising Import Costs and Wage Growth in Japan

The recent depreciation of the Japanese yen, which briefly fell past the 160 mark against the US dollar, has raised concerns among government officials and economists about the impact on import prices and real wage growth in Japan, Nikkei Asia reports. While the yen has since rebounded to 154, speculation

BOJ Chief Signals Rate Hikes If Inflation Persists

Bank of Japan Governor Kazuo Ueda has indicated that the central bank will likely raise interest rates if underlying inflation continues to rise. Speaking at a think tank event in Washington, Ueda acknowledged the challenges of determining the appropriate level of interest rates as Japan has not experienced a sustained

Japanese Economic Indicators Signal Positive Trend for Stocks, Says Sumitomo Mitsui

A report published by Sumitomo Mitsui on Tuesday affirms a bullish outlook for the Japanese economy and its stock market, emphasizing the confluence of positive economic indicators and supportive policy initiatives. The asset management firm suggests that these factors are creating a fertile ground for sustained growth and present attractive