Japan Financial News

yen's slide to fresh 34-year lows is likely to force Bank of Japan Governor Kazuo Ueda to walk a delicate line in guiding monetary policy this week as he tries to maintain a calibrated path to exiting ultra-easy rates without upending the currency. The BOJ chief will be mindful of avoiding the episode of 2022, when his predecessor's dovish remarks triggered a yen plunge that forced Tokyo to intervene to prop up the currency.

Gold prices were stuck in a tight range on Thursday as investors looked to U.S. economic data for further clarity on the Federal Reserve's interest rate path.

Sensex gained 114.49 points, or 0.16%, to close at 73,852.94, while the Nifty 50 settled 34.40 points, or 0.15%, higher at 22,402.40. “We expect this bullish momentum to continue in the markets. Further, a sharp decline in India’s VIX amid the start of elections indicates lower market volatility in the near term.

Benchmark U.S. crude oil for June delivery fell 55 cents to $82.81 per barrel Wednesday

A team of experts from the U.N. nuclear agency has inspected the tsunami-hit Fukushima Daiichi nuclear power plant for a review of its discharge of treated radioactive wastewater into the Pacific

Airline officials say oil sprayed from an All Nippon Airways plane as it landed in northern Japan, but none of the 213 people on board was injured

Japan is benefiting from India's growth story. Japanese companies and investors are showing heightened interest in India finds an anchor report by Nomura. Japan's FDI in India has been gaining a growing presence, and Japanese investments in foreign equities (as of end-2022) showed India at the top of the list for developing countries although trade ties between Japan and India are currently weak. Japanese individual investors are also investing more aggressively in Indian stocks by way of investment trusts India at the top of the list among emerging market economies, the report said. With the Indian economy maintaining high growth, Japanese corporations are showing more interest regarding investment in India, according to Nomura. “In the ranking of countries seen as promising for the medium term in the Japan Bank for International Cooperation (JBIC)'s FY23 Survey on Overseas Business Operations by Japanese Manufacturing Companies, India took the top spot for a second consecutive year, even as China fell to number three” the report, an collaborative effort by India’s and Japan’s economists and equity strategists.

Indian Overseas Congress chairman Sam Pitroda's recent comments on 'inheritance tax' in India have stirred up a debate. There are differing opinions on whether introducing such a tax could lead to fairer wealth distribution. Conversely, some argue that implementing an inheritance tax in India may not be justified, citing various economic and social factors such as its potential impact on family businesses and concerns about double taxation.

The yen has become stuck around a 34-year low against the dollar after months of declines, increasing concern the currency is becoming a liability for Japan’s economy and stocks.

Renowned crypto entrepreneur Arthur Hayes has shared his insights on the macroeconomic landscape, predicting a strengthening trend that could further propel  Bitcoin’s  ascent. 

The potential  return  of over $9 billion worth of Mt. Gox-era Bitcoin in the coming weeks could unsettle the market and exert negative price pressure on Bitcoin, according to analysts at K33 Research.

moon lander has survived a third freezing lunar night, Japan's space agency said Wednesday after receiving an image from the device three months after it landed on the moon. The Japan Aerospace Exploration Agency said the lunar probe responded to a signal from the earth Tuesday night, confirming it has survived another weekslong lunar night. Temperatures can fall to minus 170 degrees Celsius (minus 274 degrees Fahrenheit) during a lunar night, and rise to around 100 Celsius (212 Fahrenheit) during a lunar day. The probe, Smart Lander for Investing Moon, or SLIM, reached the lunar surface on January 20, making Japan the fifth country to successfully place a probe on the moon.

Asian shares have opened higher, led by an over 2% gain in Japan’s Nikkei 225 after U.S. stocks rallied for a second straight day Tuesday, blunting the blow of what’s been a rough April

Benchmark U.S. crude oil for June delivery rose $1.46 to $83.33 per barrel Tuesday

US chipmaker Nvidia has partnered with Vietnamese IT company FPT to set up a $200 million artificial intelligence (AI) factory in Vietnam. The collaboration, announced on April 23, will lead to the creation of a hub for AI and cloud computing services in the Asian country.

dollar nursed its wounds on Wednesday following big tumbles against the euro and sterling, hurt by a combination of surprisingly robust European activity data and cooling U.S. business growth. However the yen remained mired near a 34-year low versus the U.S. currency, even as Japanese officials stepped up intervention warnings.

Sensex gained 89.83 points, or 0.12%, to close at 73,738.45, while the Nifty 50 settled 31.60 points, or 0.14%, higher at 22,368.00. “The domestic market exhibited range-bound performance, tracking positive global cues with sustained outperformance of the broader market. While tensions between Iran and Israel were perceived to have limited escalation, the uptick in crude prices suggests investors’ reassessing the risks.

nuclear weapons in space on Wednesday at the United Nations Security Council, which is due to vote on a U.S.-drafted resolution calling on countries to prevent an arms race in outer space. Russia is expected to block the draft resolution, said some diplomats. The U.S.

action plans for around 20 agricultural products including banana, mangoes, potato and baby corn to boost their exports and these are likely to be ready in the next 3-4 months. “We have identified 20 products. At present, India’s share is low in global exports. We are working on a detailed action for all these products,” said Rajesh Agarwal, additional secretary, department of commerce, adding that the action plan will be discussed with all the stakeholders including states for further action. Fresh grapes, pomegranate, watermelon, guava, green chilly, capsicum, okra, garlic, onion, groundnut, alcoholic beverages, cashew nut, buffalo meat, jaggery, natural honey, and ghee are the other products included in the exercise as India aims to increase its share in global exports to 4-5% in the next few years from 2.5% now.

Also Read | 'Goodbye Air India jumbo': Netizens hail ‘wing wave’ manoeuvre as Boeing 747 takes off for last time from Mumbai “Delighted to announce our newest codeshare partner, @FlyANA_official. With this, we offer you even more convenient connectivity between India and Japan. If you are a Flying Returns Gold or Platinum member, this also lets you enjoy premium services on both airlines," Air India said on X.

Sensex rallied 599.34 points, or 0.83%, to close at 73,088.33, while the Nifty 50 settled 151.15 points, or 0.69%, higher at 22,147.00. Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — April 22 “Markets are likely to see volatility in a broader range on the back of divergent cues. On the negative side flare-up in geo-political tension in the Middle East, hawkish US Fed comments, and FIIs selling are making investors restless.