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.
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Asian stocks are mixed after Wall Street’s mostly positive performance ahead of key U.S. inflation data that could influence the pace of the Federal Reserve’s rate cuts
Asian shares advanced Friday after U.S. stocks rose to a record and the Bank of Japan raised its key lending rate. U.S. futures edged lower and oil prices fell after U.S. President Donald Trump called on oil-producing countries to reduce the price of crude,
An interest-rate decision by the Bank of Canada is due Wednesday, on the same day as the U.S. Fed's decision. A 25 basis-point rate cut is widely expected, although the pace of rate reductions is expected to slow markedly compared with last year.
After the BOJ caught markets off guard with December's decision, Governor Kazuo Ueda flagged uncertainty over U.S. economic policy ahead of Donald Trump's return as president as a key reason it had refrained from raising rates. Considered dovish, Ueda's comments pushed down market pricing of January action to 46% from 70%.
Investors dumped technology stocks in premarket trading Monday, sending U.S. indexes sharply lower after Chinese artificial intelligence startup DeepSeek demonstrated a chatbot that it says rivals the top versions from OpenAI and Google for a fraction of the cost.
In currencies, the dollar jumped 0.3% against the Chinese yuan in offshore trading, and rallied 0.4% versus the Aussie and 0.5% versus the New Zealand dollar, with the antipodean currencies tending to act as more liquid proxies for China's currency due to close trade ties.
The Bank of Japan is expected to raise interest rates on Friday to their highest levels since the 2008 global financial crisis, as a broad stocks rally worldwide calms policymakers' fears U.S. President Donald Trump's tariff threats could upend markets.
Shares were mixed in thin Asian trading on Monday after U.S. stocks edged back from their all-time high. Oil prices fell and U.S. futures sank, while Chinese shares shed some of their early gains after a survey of manufacturers showed export orders dropping to a five-month low.
Asian markets fluctuated today on fresh trade fears after Donald Trump’s decision to impose huge tariffs on Colombia, in retaliation for its refusal