Loading…
Loading…
Japan spent about $73 billion on foreign exchange intervention and the Bank of Japan has raised rates, but the yen remains near 160 against the dollar. A wide U.S.-Japan rate gap, carry trades and Prime Minister Sanae Takaichi's reflationary stance continue to weigh on the currency.
Investors are focusing on AI developments in North Asia. China is coming out of more than three years of deflation measured by the producer price index.
Alexandra Wilson-Elizondo, global co-head and co-CIO of multi-asset solutions at Goldman Sachs Asset Management, discusses why she is excited about the investment opportunities in Japan and says it's important to be selective as the broader momentum in the market fades.
Shares of Franklin FTSE Asia ex Japan ETF (NYSEARCA:FLAX - Get Free Report) shot up 1% during mid-day trading on Wednesday. The stock traded as high as $33.00 and last traded at $32.94. 4,884 shares were traded during trading, a decline of 21% from the average session volume of 6,160 shares. The stock had
Japan's largest labour union group said on Thursday it would seek wage hikes of 5% or more in 2026, aiming for bumper pay raises for the fourth consecutive year to counter inflation despite headwinds from U.S. tariffs.
Japan's chief trade negotiator has defended a tariffs deal with the U.S., expressing respect for President Donald Trump and calling him a “tough negotiator.”Trade envoy Ryosei Akazawa noted that the pact setting on most Japanese exports to the U.S. at 15% was comparable to a deal between Washington and the European Union.
CNBC's Eamon Javers reports on the latest news regarding tariffs.
The European Union and Japan expressed confidence on Friday that they had secured limits on U.S. tariffs on pharmaceuticals, which President Donald Trump said he would impose next week at a rate of 100%.