Consumer inflation in the Tokyo metropolitan area picked up slightly in January, government data showed Friday, supporting the Bank of Japan’s plan to pursue more interest-rate increases.
Global shares mostly rose Thursday after the U.S. Federal Reserve opted not to cut interest rates for the first time since it began trying to help the economy through easier rates
Asian stocks advanced Wednesday in thin Lunar New Year trading following a rebound on Wall Street driven by tech stocks as the panic over Chinese AI company DeepSeek faded. Investors were focusing on the Federal Reserve’s rate decision due later in the day.
Tokyo stocks were slightly higher Thursday morning, as semiconductor-related issues were boosted by a robust earnings report. The 225-issue Nikkei Stock Average rose 83.79 points, or 0.21 percent, from Wednesday to 39,
Tokyo stocks rebounded Wednesday, with the Nikkei ending a three-day losing streak, as technology shares gained on easing concerns ov
Giving explicit advance signals, in addition to making the Bank of Japan feel boxed in, could breach Japanese law stipulating the nine-member board must debate and sign off on rate decisions at each policy meeting.
TOKYO (AP) — The Bank of Japan raised its key interest rate to about 0.5% from 0.25% Friday, noting that inflation is holding at a desirable target level. “The economy is gradually recovering,” BOJ Gov. Kazuo Ueda told reporters after a two-day policy board meeting in Tokyo.
The return of inflation and wage growth is giving the Bank of Japan room to raise interest rates and declare the end of a long period of stagnation.
Asian shares mostly rose Thursday after the U.S. Federal Reserve opted not to cut interest rates for the first time since it began trying to help the economy through easier rates in September.
Stocks wavered on Wall Street Friday as the U.S. prepares to implement tariffs against its key trading partners. The S&P 500 fell 0.1% in afternoon trading, marking a reversal from
The PCE report is due at 8:30 a.m. ET Friday. The ECB reduced its key interest rate to 2.75% from 3% Thursday, widening a gap in benchmark borrowing costs with the Federal Reserve. It was the fifth cut in six meetings and came hours after the Fed held its policy rate steady at 4.25% to 4.5%.
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