City Tokyo Financial News

TOKYO (Reuters) — The Bank of Japan maintained ultra-low interest rates on Friday and its dovish guidance on future monetary policy, signalling it is in no rush to phase out its massive monetary stimulus.

US Fed’s hawkish stance in its policy meeting. «Uncertain global cues and persistent selling by FIIs are likely to keep markets under pressure in the near term. It would be better to prefer defensive sectors for some time until the market stabilizes,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services. Here's breaking down the pre-market actions:STATE OF THE MARKETSGIFT Nifty (Earlier SGX Nifty) signals a positive startGIFT Nifty on the NSE IX traded lower by 30.5 points, or 0.16 per cent, at 19,692.50, signaling that Dalal Street was headed for positive start on Friday.

By Leika Kihara

By Yuka Obayashi

TOKYO (Reuters) — Japan's factory activity contracted for the fourth straight month and the service sector growth slipped to an eight-month low, a survey showed on Friday, highlighting the challenges facing the economy as it struggles to mount a strong recovery.

By Yoshifumi Takemoto and Leika Kihara

Antim Panghal, India's next big star, has earned India's first wrestling quota for the Paris Olympics by virtue of winning a bronze at the world championship Belgrade. She defeated two-time European Champion Emma Malmgren of Sweden by technical superiority with a 16-6 score Friday in the women's 53kg women's freestyle wrestling . The world championship offered five quota places in each weight category for men and women. With this, India has so far grabbed 16 quota including eight direct qualification in athletics and seven quota places in shooting sports. In shooting and wrestling, the quota is earned for the country which the sportsperson represents. In Belgrade, Indian wrestlers however participated as neutral athletes as United World Wrestling suspended Wrestling Federation of India due to a delay in conducting elections. However, it is expected that an election will be held well before the Paris Olympics, which will begin on July 26, 2024.

Studio Ghibli, the famed Japanese animation studio of Hayao Miyazaki, will become a subsidiary of Nippon Television Network Corp. The companies said Thursday the move was approved by both boards

Toshiba says a 2 trillion yen ($14 billion) tender offer for the troubled electronics and energy giant by a Japanese consortium has been completed, clearing the way for it to be delisted

Candlelight Concerts to India, kicking off with performances in tribute to Taylor Swift’s greatest hits, Vivaldi’s Four Seasons, British bands Queen and Coldplay, as well as the Japanese composer Joe Hisaishi. The expansion into the region comes on the heels of the experience’s success, having delighted audiences in more than 150 cities worldwide, including New York, London, Madrid, Singapore and Tokyo.Audiences who would like to be the first to know about the local venues and music programs kicking off the series can sign up on each city’s page at feverup.com.

Mt. Gox’s infamous 2014 security breach — that lost 850,000 Bitcoin (BTC) of investors’ funds — resulted in its users embarking on a seemingly never-ending, decade-long pursuit of closure via funds reimbursement.

By Tim Kelly and Nobuhiro Kubo

Mt. Gox trustee Nobuaki Kobayashi has officially changed the deadline for paying back the exchanges' creditors from Oct. 31, 2023, to Oct. 31, 2024.

By Makiko Yamazaki

By Kantaro Komiya

By Anton Bridge

By Kevin Buckland

PTI said on Wednesday. The IOA has named Indian Hockey team captain Harmanpreet Singh and Olympic medallist boxer Lovlina Borgohain to be the flag-bearers at the opening ceremony of the Asian Games in Hangzhou on September 23. “We arrived at the decision after much deliberation today," Indian contingent Chef de Mission Bhupender Singh Bajwa told PTI.

Harmanpreet Singh and Olympic medallist boxer Lovlina Borgohain will be the flag-bearers of the Indian contingent during the opening ceremony of the Asian Games in Hangzhou on September 23. The Indian Olympic Association (IOA) took the decision on Wednesday to have joint flag-bearers for the continental showpiece. A total of 655 Indian athletes are competing in the Asian Games this time, which is the largest contingent ever. «We arrived at the decision after much deliberation today,» Indian contingent Chef de Mission Bhupender Singh Bajwa told PTI. «This time we will have two flag-bearers leading the contingent at the Asian Games — hockey captain Harmanpreet Singh and boxer Lovlina Borgohain,» added Bajwa, who is also Wushu Association of India chief. Star javelin thrower Neeraj Chopra had done the honours at the opening ceremony of the 2018 Jakarta Asian Games. Lovlina had won a bronze medal at the Tokyo Olympics in the 69kg category.

Currency traders preparing for this week’s policy decisions from the Federal Reserve and Bank of Japan got fresh reminders that Japanese officials stand ready to intervene in the currency market with possible US backing if swings in the yen are deemed excessive.

Asian shares are mostly lower as markets await a decision by the Federal Reserve on interest rates