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Economic events

Bank of Japan loosen’s YCC, cites ‘greater flexibility’ and jolts markets

by Walter Watson
Bank of Japan loosen’s YCC, cites ‘greater flexibility’ and jolts markets

Kazuo Ueda, governor of the Bank of Japan (BOJ). Bloomberg | Bloomberg | Getty Images The Bank of Japan announced Friday “greater flexibility” in its monetary policy — surprising global …

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Bank of Japan (BOJ) to guide yield curve control with greater flexibility

by Walter Watson
Bank of Japan (BOJ) to guide yield curve control with greater flexibility

Japan’s central bank on Friday loosened its yield curve control, underscoring concerns about its protracted monetary easing on financial markets and the real economy. In a policy statement, the Bank …

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Yen weakens and JGB yields rise after BOJ pledges “greater flexibility” to yield curve control

by Walter Watson
Yen weakens and JGB yields rise after BOJ pledges “greater flexibility” to yield curve control

The Japanese yen strengthened and 10-year JGB yield rose after the Bank of Japan said it would allow “greater flexibility” in its target range for 10-year Japanese government bond yields.  Yields …

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Asia markets fall ahead of Bank of Japan rate decision

by Walter Watson
Asia markets fall ahead of Bank of Japan rate decision

Bank of Japan Governor Kazuo Ueda arrives to conduct an interview with a small group of journalists in Tokyo on May 25, 2023. Richard A. Brooks | AFP | Getty …

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raises rates by 25 basis points

by Walter Watson
raises rates by 25 basis points

The European Central Bank announced a new rate decision Thursday. Daniel Roland | AFP | Getty Images The European Central Bank on Thursday announced a new rate increase of a …

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Moody’s sees ‘significant risk’ besieging Israel’s economy

by Ron Morgan
Moody’s sees ‘significant risk’ besieging Israel’s economy

An Israeli flag in Tel Aviv, Israel, on Tuesday, July 18, 2023. Bloomberg | Bloomberg | Getty Images Moody’s Investors Service cautioned that “negative consequences” and a “significant risk” loom …

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IMF raises global growth forecast despite China’s recovery ‘losing steam’

by Walter Watson
IMF raises global growth forecast despite China’s recovery ‘losing steam’

The International Monetary Fund on Tuesday raised its growth forecast for the global economy, turning slightly more positive despite slowing momentum from China. In the latest update to its World …

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Chinese stocks rose as Beijing vows measures to boost weak economy

by Walter Watson
Chinese stocks rose as Beijing vows measures to boost weak economy

Tourists at the Bund on July 11, 2023 in Shanghai, China. Vcg | Visual China Group | Getty Images Chinese stocks soared Tuesday as Beijing pledged to ramp up measures …

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Stock market today: Live updates

by Walter Watson
Stock market today: Live updates

Early in earnings season, companies are beating but their stocks are missing, JPMorgan says It’s early in the second quarter earnings reporting season but, so far, the majority of both …

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China property stocks tumble, led by Country Garden, Longfor, Sunac

by Walter Watson
China property stocks tumble, led by Country Garden, Longfor, Sunac

Country Garden shares tumbled to fresh eight-month lows Monday, extending losses on renewed debt fears for the Chinese property sector. Future Publishing | Future Publishing | Getty Images Chinese property …

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