BOJ ramps up bond buying to defend yield cap, undermining jawboning

TOKYO (Reuters) – The Bank of Japan ramped up bond buying on Tuesday as its yield cap came under renewed pressure from rising global interest rates, highlighting its difficulty in remaining a dovish outlier in a global wave of monetary tightening.FILE PHOTO: A Japan Yen note is seen in this illustration photo taken June 1, 2017. REUTERS/Thomas White/Illustration/The central bank’s […]

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IMF says yen's recent 'significant' fall reflects fundamentals

A Japan Yen note is seen in this illustration photo taken June 1, 2017. REUTERS/Thomas White/IllustrationTOKYO (Reuters) -The yen’s recent “significant” depreciation reflects fundamentals, such as market expectations of differing monetary policy paths between Japan and the United States, a senior International Monetary Fund (IMF) official said on Thursday. Ranil Salgado, the IMF’s Japan mission chief, said the yen’s recent […]

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White House adviser Singh suggests U.S. could lower tariffs on Chinese goods

FILE PHOTO: Daleep Singh, U.S. Deputy National Security Advisor for international economics, speaks about sanctions against Russia during a press briefing at the White House in Washington, U.S., February 22, 2022. REUTERS/Kevin Lamarque     WASHINGTON (Reuters) – A White House adviser on Thursday suggested the United States could lower tariffs imposed on a host of Chinese goods such as bicycles or […]

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Truth Is Another Front in Putin’s War

The Kremlin has used a barrage of increasingly outlandish falsehoods to prop up its overarching claim that the invasion of Ukraine is justified. President Vladimir V. Putin of Russia has tried to create an alternative reality. Credit…Erin Schaff/The New York Times Supported by Send any friend a story As a subscriber, you have 10 gift articles to give each month. Anyone […]

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Yen slides to five-year low as rest of the world sets off for hikes

HONG KONG (Reuters) – The dollar hit a five-year high against the yen on Monday, as traders braced for the U.S. Federal Reserve to begin hiking rates, while reckoning the Bank of Japan remains dovish.FILE PHOTO: A Japan yen note is seen in this illustration photo taken June 1, 2017. REUTERS/Thomas White/IllustrationCommodities and commodity currencies eased amid hopes for progress […]

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EU leaders to make room for more spending over Ukraine, no new joint debt seen

VERSAILLES, France (Reuters) – European Union leaders will prepare the ground on Friday for possible unexpected spending over the war in Ukraine, but will stop short of mentioning any new joint EU debt issuance, draft summit conclusions showed.FILE PHOTO: European Union flags fly outside the European Commission headquarters in Brussels, Belgium, April 10, 2019. REUTERS/Yves HermanLeaders of the 27-nation EU […]

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Biden to nominate economist Shambaugh as U.S. Treasury's int'l chief

WASHINGTON (Reuters) – U.S. President Joe Biden will nominate Jay Shambaugh, a George Washington University professor and former Obama administration economic adviser, as the U.S. Treasury’s next undersecretary for international affairs, the White House said on Friday.FILE PHOTO: Signage is seen at the United States Department of the Treasury headquarters in Washington, D.C., U.S., August 29, 2020. REUTERS/Andrew KellyBiden also […]

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India cenbank committed to inflation target, says chief

NEW DELHI (Reuters) -India’s central bank is committed to its inflation mandate and the likely uptick in January inflation towards the upper end of its target band should not create any panic, central bank chief Shaktikanta Das said on Monday.FILE PHOTO: The Reserve Bank of India (RBI) Governor Shaktikanta Das greets the media as he arrives at a news conference […]

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Omicron hit to UK economy less sharp than feared in December

LONDON (Reuters) -Britain’s economy shrank by less than feared in December when the wave of Omicron COVID-19 cases prompted many people to work from home and avoid Christmas socialising, but analysts warned that surging inflation would slow the recovery in 2022.FILE PHOTO: A woman wearing a face mask shops in Cambridge Market Square, amid the coronavirus disease (COVID-19) outbreak, in […]

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