Economy news

Japan

Risks to Japan’s Low Inflation Turned Upward

Risks to Japan’s low inflation outlook have turned more upward, according to a majority of polled economists. In Japan, the rising commodity prices, a weak currency, and supply shortages brought on by the global pandemic lift input costs. Economists said, however, that any pick-up in Japan’s inflation will be modest. This is because weak wage …

Risks to Japan’s Low Inflation Turned Upward Read More »

Japanese stock

BOJ’s Kuroda Warns of Continued Pain on Economy from COVID-19

The Japanese economy has started to pick up steam. However, any recovery would likely be modest. This is due to lingering pain on the economy from the coronavirus pandemic, Bank of Japan Governor Haruhiko Kuroda warned on Thursday. The world’s third-largest economy is suffering from a resurgence in COVID-19 infections. Record cases were reported in …

BOJ’s Kuroda Warns of Continued Pain on Economy from COVID-19 Read More »

Toshiba

Toshiba CEO Resigns, Company Shares Surge

Toshiba Corp CEO Nobuaki Kurumatani stepped down on Wednesday amid controversy over a $20 billion buyout bid from CVC Capital Partners. The conglomerate’s shares surged on reports that KKR & Co and Brookfield were also planning offers. Kurumatani received criticism for the bid from CVC, his former employer, as well as allegations. The management allegedly …

Toshiba CEO Resigns, Company Shares Surge Read More »

BOJ

BOJ’s Kuroda says Weak Yen Promises to Benefit Japan

Bank of Japan Governor Haruhiko Kuroda on Tuesday explained the benefits of a weak yen. A weak Japanese currency, he said, helped manufacturers by inflating the value of profits earned overseas. Many manufacturers in Japan now produce goods they sell overseas locally. According to Kuroda, this means a weak yen may not increase export volumes …

BOJ’s Kuroda says Weak Yen Promises to Benefit Japan Read More »

Subscribe to Our Newsletters

Have The Best Of Trade Market News Delivered Directly To Your
Mailbox. Subscribe To Receive The Latest Market News.