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☆ Japanese inflation picks up as BOJ pivot bets grow
▼ + stars: | 2023-11-23 | by ( Tetsushi Kajimoto | ) www.reuters.com time to read: +2 min

Core inflation had slowed to 2.8% in September from 3.1% in August, the first time it was below 3% since August 2022. Many analysts see the yield control policy as becoming obsolete as the central bank has made the 10-year yield target more and more flexible, sending the JGB yield closer to 1%. However, the BOJ has brushed aside such speculation, saying that the current global cost-push inflation is not sustainable. The latest consumer inflation data is among indicators the BOJ will eye at its two-day policy meeting ending on Dec. 19, its last scheduled review this year. Japanese firms, too, are closely watching inflation data as the government is pressing them to raise wages to help employees deal with the higher cost of living.

Persons: Androniki, mths BOJ, Tetsushi Kajimoto, Takahiko Wada, Sam Holmes Organizations: REUTERS, Bank of Japan, Thomson Locations: Tokyo, Japan, TOKYO

Passersby wait at a crossing in front of an electronic board showing Japan's Nikkei average outside a brokerage, in Tokyo, Japan, March 17, 2023. REUTERS/Androniki Christodoulou/File Photo Acquire Licensing RightsNov 21 (Reuters) - A look at the day ahead in Asian markets from Alden Bentley, U.S. The benchmark S&P 500 (.SPX) is now less than 2% away from its highest level this year that was reached in July. There are few potential U.S. market moving events this week, besides Tuesday's day early release of the minutes from the Federal Open Market Committee's last meeting. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Androniki, Alden Bentley, Satya Nadella, Sam Altman Organizations: Nikkei, REUTERS, Breaking, Finance, Markets, Reuters, Microsoft, Treasury, Fed, Federal, Reserve Bank of Australia, Bank Indonesia, Kuaishou Technology, Tongcheng Travel, Alden Bentley Our, Thomson Locations: Tokyo, Japan, Alden, U.S, Asia

☆ Stocks surge, dollar slumps as traders cheer inflation surprise
▼ + stars: | 2023-11-15 | by ( Tom Westbrook | ) www.reuters.com time to read: +4 min

Overnight the Nasdaq (.IXIC) jumped 2.4%, bonds surged and the dollar slumped more than 1.6% on the euro. Yields fall when bond prices climb. In foreign exchange trade, the dollar suffered its heaviest selling in 12 months, with the sharpest losses against risk-sensitive currencies such as the Australian dollar. In Japan, the Bank of Japan stepped back and pared its regular bond buying as markets rallied. Ten-year Japanese government bond yields hit a one-month low of 0.775%.

Persons: Androniki, Sam Rines, Chetan Seth, Brent Donnelly, Tom Westbrook, Edmund Klamann Organizations: Nikkei, REUTERS, Nasdaq, Federal, CPI, Japan's Nikkei, New Zealand, Nomura, Bank of Japan, Thomson Locations: Tokyo, Japan, SINGAPORE, Asia, Pacific, Texas, U.S, Canada

"Given the absence of a growth engine, it wouldn't surprise me if the Japanese economy contracted again in the current quarter. The risk of Japan falling into recession cannot be ruled out," said Takeshi Minami, chief economist at Norinchukin Research Institute. "The weak growth and the spectre of slowing inflation could delay the BOJ's exit from negative interest rates," he said. Japan’s economy contracts in the third quarterThe weak reading reflects lacklustre consumption and capital expenditure, dashing policymakers' hopes for a post-pandemic rebound in domestic activity to offset weaker external demand from China and elsewhere. He said better net exports, underpinned by car shipments and tourism, helped lift growth in the second quarter, belying the weakness in domestic demand.

Persons: Androniki, Takeshi Minami, Stefan Angrick, Angrick, Fumio Kishida, Tetsushi Kajimoto, Sam Holmes Organizations: REUTERS, Norinchukin Research, Gross, Moody's, Thomson Locations: Tokyo, Japan, TOKYO, China

☆ Japan Q3 annualised GDP falls worse-than-expected 2.1%
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: 1 min

A woman looks at items at a shop in Tokyo, Japan, March 24, 2023. REUTERS/Androniki Christodoulou/File Photo Acquire Licensing RightsTOKYO, Nov 15 (Reuters) - Japan's economy shrank 2.1% in July-September from the previous quarter on an annualised basis, government data showed on Wednesday, worse than market estimates and falling for the first time in three quarters. The gross domestic product (GDP) figure compared with the median forecast for a 0.6% decline and translated into a quarterly fall of 0.5%. Private consumption, which makes up more than half of the economy, was flat quarter-on-quarter, the data showed. Reporting by Tetsushi Kajimoto Editing by Chang-Ran KimOur Standards: The Thomson Reuters Trust Principles.

Persons: Androniki, Tetsushi, Chang, Ran Kim Organizations: REUTERS, Rights, Thomson Locations: Tokyo, Japan

☆ Japan's Oct wholesale inflation slows sharply, signals waning cost pressures
▼ + stars: | 2023-11-13 | by ( Leika Kihara | ) www.reuters.com time to read: +1 min

A woman looks at items at a shop in Tokyo, Japan, March 24, 2023. REUTERS/Androniki Christodoulou/File Photo Acquire Licensing RightsTOKYO, Nov 13 (Reuters) - Japanese wholesale inflation slowed sharply October year-on-year, data showed on Monday, a sign that cost-push pressures that had been driving up prices for a wide range of goods were starting to fade. The slowdown was due to declines in prices for wood, chemical and steel products, the data showed, highlighting the impact of falling global commodity costs. The spike in wholesale inflation has prodded many Japanese firms to pass on higher costs to households, a trend that led the Bank of Japan to upgrade its inflation forecasts in quarterly projections released in October. But the BOJ has said the recent cost-push inflation must be replaced by price rises driven more by robust domestic demand, and accompanied by wage growth, in order for it to consider ending ultra-low interest rates.

Persons: Androniki, Leika, Shri Navaratnam Organizations: REUTERS, Rights, Bank of Japan, Thomson Locations: Tokyo, Japan

☆ US yields languish above lows before Powell remarks; oil sags
▼ + stars: | 2023-11-08 | by ( Kevin Buckland | ) www.reuters.com time to read: +3 min

Crude oil sank to a three-month low after data showed a steep build in U.S. stockpiles, while worries about the Chinese economy weighed on the outlook for demand. Equities were mixed in Asia, with gains for tech stocks offset by slumping commodity shares. Wall Street futures pointed slightly lower following gains across the big three indexes overnight, led by a 0.9% rally for the tech-heavy Nasdaq (.IXIC). "The markets are repositioning for a moderation in U.S. growth," pushing down long-term yields and the dollar, said Kyle Rodda, a senior markets analyst at Capital.com. Declines in commodity shares amid lower energy prices were offset by a climb in growth stocks, amid expectations for lower borrowing costs.

Persons: Androniki, Jerome Powell, Christopher Waller, Michelle Bowman, Powell, Kyle Rodda, Brent, Hong, Kevin Buckland, Shri Navaratnam Organizations: Nikkei, REUTERS, Rights, Federal, Wall, Nasdaq, Fed, People's Bank of China, Thomson Locations: Tokyo, Japan, Asia, U.S, Pacific

☆ Japan's inflation-adjusted wages slip in September for 18th month
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Androniki Christodoulou/File Photo Acquire Licensing RightsTOKYO, Nov 7 (Reuters) - Japan's real wages slipped in September for an 18th month, government data showed on Tuesday, with rising prices squeezing consumers' purchasing power, and likely to add to pressure from labour groups for higher wage increases. Financial markets worldwide pay close attention to the wage trends in the world's third-largest economy. Inflation-adjusted real wages, a barometer of consumer purchasing power, dropped in September by 2.4% from a year earlier after a revised 2.8% fall the month before, data from the Ministry of Health, Labour and Welfare showed. Base salary growth in September advanced by 1.4% year-on-year, from a revised 1.2% increase the previous month, the data showed. Overtime pay, a gauge of business activity, went up in September by 0.7% year-on-year, after a revised 0.2% gain in August.

Persons: Androniki, Fumio Kishida's, Satoshi Sugiyama, Robert Birsel Organizations: REUTERS, Rights, Financial, Bank of Japan, Ministry of Health, Labour, Welfare, Rengo, UA, Thomson Locations: Tokyo, Japan, Base

☆ Global stocks jump and dollar slumps after weak U.S. jobs data
▼ + stars: | 2023-11-03 | by ( Harry Robertson | ) www.reuters.com time to read: +3 min

The dollar tumbled after the data, which showed that the U.S. nonfarm payrolls rose by 150,000 in October, lower than the 180,000 predicted and September's downwardly revised 297,000 figure. MSCI's index of world stocks (.MIWD00000PUS) was last up 0.45%, having traded roughly 0.26% higher before the data. It was on track to finish the week 4.5% higher, which would be the largest weekly rise since November 2022. It traded 0.29% lower at 105.89 before the data. Reuters Graphics"Investors will interpret today’s jobs weak jobs report as a sign that demand is slowing in the labour market," said Richard Flynn, managing director at Charles Schwab UK, in emailed comments.

Persons: Androniki, nonfarm, September's downwardly, Richard Flynn, Charles Schwab, BoE, Samuel Zief, Brent, Harry Robertson, Jacqueline Wong, Miral Fahmy, Mark Heinrich, Alison Williams Organizations: Nikkei, REUTERS, Companies, Federal Reserve, Bank of England, Reuters Graphics, Treasury, JPMorgan Private Bank, U.S . Treasury, Thomson Locations: Tokyo, Japan, U.S, Israel

☆ Japan new economic package to total about $112 bln - Asahi
▼ + stars: | 2023-10-31 | by ( ) www.reuters.com time to read: 1 min

A woman points at the high prices of fruits at a market in Tokyo, Japan March 3, 2023. REUTERS/Androniki Christodoulou/ File photo Acquire Licensing RightsTOKYO, Nov 1 (Reuters) - A package of economic measures Japanese Prime Minister Fumio Kishida's government is compiling will likely come to about 17 trillion yen ($112.15 billion) in size, the Asahi Shimbun reported on Wednesday. Kishida said last week his government hoped to compile the package to cushion the economic blow from rising inflation on Nov. 2. ($1 = 151.5800 yen)Reporting by Kiyoshi Takenaka; Editing by Daniel WallisOur Standards: The Thomson Reuters Trust Principles.

Persons: Androniki, Fumio, Kishida, Kiyoshi Takenaka, Daniel Wallis Organizations: REUTERS, Rights, Asahi Shimbun, Thomson Locations: Tokyo, Japan

☆ BOJ modifies yield curve control, re-defines long-term rate cap
▼ + stars: | 2023-10-31 | by ( ) www.reuters.com time to read: +1 min

An office employee walks in front of the bank of Japan building in Tokyo, Japan, April 7, 2023. REUTERS/Androniki Christodoulou Acquire Licensing RightsTOKYO, Oct 31 (Reuters) - The Bank of Japan modified its bond yield control again on Tuesday by re-defining 1.0% as an "upper bound" with room for allowance, rather than a rigid cap. "The BOJ will regard the upper bound of 1.0% for the 10-yaer Japanese government bond (JGB) yield as a reference" and continue large-scale bond buying and nimble market operations, the central bank said in a statement. As widely expected, the BOJ maintained a 0.1% interest charged on financial institutions' excess reserves parked with the central bank, and a 0% target for the 10-year government bond yield set under its yield curve control (YCC) policy. Reporting by Leika Kihara and Tetsushi Kajimoto Editing by Chang-Ran KimOur Standards: The Thomson Reuters Trust Principles.

Persons: Androniki, Leika Kihara, Chang, Ran Kim Organizations: REUTERS, Rights, Bank of Japan, Thomson Locations: Japan, Tokyo

People walk in front of the bank of Japan building in Tokyo, Japan, April 7, 2023. REUTERS/Androniki Christodoulou/ File photo Acquire Licensing RightsOct 31 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Will the BOJ spook markets on Halloween and the final trading day of the month by effectively tightening monetary policy further with another tweak to its 'yield curve control' policy? Inflation in Japan has finally taken off, and for the first time in decades, appears to be sticking well above 2%. Here are key developments that could provide more direction to markets on Tuesday:- Bank of Japan policy decision- China PMIs (October)- Japan unemployment, industrial production, retail sales (September)By Jamie McGeever;Our Standards: The Thomson Reuters Trust Principles.

Persons: Androniki, Jamie McGeever, Will, Government Bonds, China PMIs Organizations: REUTERS, Bank of, U.S . Federal, Bank of England, Nikkei, Japan, Government, PMI, Bank of Japan, Thomson, Reuters Locations: Japan, Tokyo, Hong Kong, Taiwan, China

☆ Asian stocks slump to 11-mth lows as higher-for-longer rate fears persist
▼ + stars: | 2023-10-26 | by ( Xie Yu | ) www.reuters.com time to read: +4 min

Australian shares fell to a one-year low, as stronger-than-expected third-quarter inflation data raised bets that the central bank might raise rates next month. In the currency markets, the dollar index hit a two-week high of 106.77. By 0300 GMT the yen was trading at a one-year low of 150.43 per dollar. The Australian dollar fell to an almost one-year low of $0.6271 in morning trade. The New Zealand dollar also hit a nearly one-year low at $0.5776.

Persons: Androniki, Ben Luk, Seng, Brent, Gold, Xie Yu, Simon Cameron, Moore Organizations: Nikkei, REUTERS, Japan's Nikkei, Treasury, Multi, State Street Global, U.S, New Zealand, Thomson Locations: Tokyo, Japan, HONG KONG, U.S, Asia, Pacific, China, Hong Kong, Europe

The data reinforces expectations the Bank of Japan (BOJ) will revise up its inflation forecasts when it produces fresh quarterly projections at next week's policy meeting. The Tokyo core consumer price index (CPI), which excludes volatile fresh food but includes fuel costs, rose 2.7% in October from a year earlier, government data showed on Friday, exceeding market forecasts for a 2.5% gain. The so-called "core core" index that strips away both fresh food and fuel prices - closely watched by the BOJ as a gauge of broader price trends - rose 3.8% in October from a year earlier after a 3.9% increase in September, the data showed. "With services inflation continuing to accelerate, it will take a long time before inflation falls back below the BOJ's 2% target." The BOJ remains a global dovish outlier, having maintained ultra-loose policy even as major central banks elsewhere raised interest rates aggressively to fight rampant inflation.

Persons: Androniki, Marcel Thieliant, Takahiko Wada, Shri Navaratnam, Sam Holmes Organizations: REUTERS, Bank of Japan, Reuters Graphics, Capital Economics, Reuters, Thomson Locations: Tokyo, Japan, TOKYO, Asia

A woman looks at items at a shop in Tokyo, Japan, March 24, 2023. The spending plan, to be formally decided by Prime Minister Fumio Kishida's cabinet on Nov. 2, also features payouts to low-income households, the officials said, confirming a report by the Nikkei newspaper. Tax revenue has grown this year, and Murai said the prime minister wanted to find a way to return some of that to the public to support households. "The prime minister will give formal and specific instruction at a meeting tomorrow between officials of the government and the ruling bloc, which will shape up through the ruling party's tax panel debate," Murai said. Kishida is due to discuss wage hikes, among other issues, with auto industry officials when he visits the Japan Mobility Show on Thursday, Murai said.

Persons: Androniki, Fumio Kishida's, Hideki Murai, Murai, Kishida, Takaya Yamaguchi, Yoshifumi Takemoto, Leika Kihara, Shri Navaratnam, Sonali Paul Organizations: REUTERS, Rights, Reuters, Nikkei, Japan, Thomson Locations: Tokyo, Japan, COVID

☆ Nervous markets eye Gaza as oil hovers above $90
▼ + stars: | 2023-10-16 | by ( Kevin Buckland | ) www.reuters.com time to read: +2 min

Netanyahu agreed to lift a blockade of water supplies to parts of southern Gaza after speaking with U.S. President Joe Biden. Brent crude futures reached a new recent high of $91.20 on Monday before easing back slightly to $90.84, following Friday's 5.7% surge. Japan's Nikkei share average (.N225) fell more than 1%, while Australia's S&P/ASX 200 index (.AXJO) lost 0.15% in early trading. On Friday, the pan-European STOXX 600 index (.STOXX) lost 0.98 and New York's S&P 500 (.SPX) declined 0.50%, although U.S. stock futures pointed 0.18% higher on Monday. Currencies overall retraced some of their moves from the end of the week, with the U.S. dollar index easing slightly to 106.55 from as high as 106.79 on Friday.

Persons: Androniki, Israel's shekel, Benjamin Netanyahu, Antony Blinken, Netanyahu, Joe Biden, Australia's, Chris Weston, Kevin Buckland, Lincoln Organizations: Nikkei, REUTERS, Rights, U.S, Brent, Treasury, Thomson Locations: Tokyo, Japan, Gaza, Israel

☆ Toshiba to go private on Dec 20 after successful $13 bln takeover bid
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: 1 min

The logo of Toshiba Corporation is displayed at the company's building in Kawasaki, Japan, April 5, 2023. REUTERS/Androniki Christodoulou/File Photo Acquire Licensing RightsCompanies Toshiba Corp FollowTOKYO, Oct 12 (Reuters) - Toshiba Corp (6502.T) said on Thursday it will hold an extraordinary shareholder's meeting on Nov. 22 to approve the consolidation of its shares, which will be delisted from the Tokyo Stock Exchange on Dec. 20. The Japanese conglomerate Toshiba last month announced the success of a 2 trillion yen ($13.4 billion) tender offer from private equity firm Japan Industrial Partners. ($1 = 149.2100 yen)Reporting by Kantaro Komiya; Editing by Edmund KlamannOur Standards: The Thomson Reuters Trust Principles.

Persons: Androniki, Kantaro Komiya, Edmund Klamann Organizations: Toshiba Corporation, REUTERS, Toshiba Corp, Tokyo Stock Exchange, Toshiba, Japan Industrial Partners, Thomson Locations: Kawasaki, Japan

☆ Asia shares pick up after Fed rate comments; oil dips
▼ + stars: | 2023-10-10 | by ( Kane Wu | ) www.reuters.com time to read: +4 min

U.S. stocks ended higher on Monday, with energy shares rising along with oil prices. The S&P 500 energy index (.SPNY) ended up 3.5%. Oil prices eased after climbing more than 4% on Monday. "The unrest and volatility in the near-term suggest that upside risks to oil prices will persist," said OCBC economists in a note. This will lead to some volatility in oil prices during intense periods of conflict but should see prices normalize, following the knee-jerk reaction."

Persons: Androniki, Kerry Craig, Australia's, Brent, Kane Wu, Stella Qiu, Edmund Klamanhn, Kim Coghill Organizations: Nikkei, REUTERS, dovish, Top Fed, Hamas, Asset Management, Garden Holdings, HK, National Bank of Australia, U.S, West Texas, Thomson Locations: Tokyo, Japan, HONG KONG, East, Europe, U.S, Asia Pacific, China, Israel, Palestinian, Gaza, Hong Kong, Sydney

☆ Asia shares rise after Fed comments, markets' eyes on Middle East
▼ + stars: | 2023-10-10 | by ( Kane Wu | ) www.reuters.com time to read: +3 min

MSCI's gauge of Asia Pacific stocks outside Japan (.MIAPJ0000PUS) was up 1.2% at 0135 GMT. Japan's benchmark Nikkei average (.N225) rose 2.4% while Australia's S&P/ASX 200 (.AXJO) rose for a fourth straight session to gain 1.2%. Top Fed officials indicated on Monday that rising Treasury yields could steer the Fed from further rate increases, helping to spur a rise in bond prices after those markets had been closed the previous day in the U.S. and Tokyo. The markets' initial reaction to the major geopolitical developments in the Middle East was a bout of risk aversion, analysts from National Bank of Australia said in a note. Ten-year Treasury yields , which have been surging, fell more than 13 basis points to 4.6% at the open in Tokyo as bond prices rallied after Monday's holiday.

Persons: Androniki, Australia's, Kerry Craig, Brent, Kane Wu, Stella Qiu, Edmund Klamanhn Organizations: Nikkei, REUTERS, dovish, Top Fed, Tokyo ., Hamas, Asset Management, Garden Holdings, HK, National Bank of Australia, U.S, West Texas, Thomson Locations: Tokyo, Japan, HONG KONG, Asia Pacific, U.S, Israel, Palestinian, Gaza, Hong Kong, Sydney

☆ US stocks skid, oil surges on Middle East conflict
▼ + stars: | 2023-10-09 | by ( Wayne Cole | ) www.reuters.com time to read: +4 min

In particular, there was a chance oil supplies from Iran might be disrupted, they added. "Given the tightness already facing physical oil markets in Q4 2023, an immediate reduction in Iran's oil exports risks pushing Brent futures above $US100/bbl in the short term." Early Monday, markets seemed to think developments in the Middle East would lean against further Fed hikes, and perhaps hasten a policy easing next year. The news from the Middle East could sour the start of corporate earnings season with 12 S&P 500 companies reporting this week including JP Morgan, Citi, and Wells Fargo. "Near-trend economic growth and moderating inflation pressures will support modest sales growth and slim margin improvement," Goldman analysts aid in a note.

Persons: Androniki, Brent, Israel, JP Morgan, Goldman Sachs, Goldman, Wayne Cole, Shri Navaratnam, Sonali Paul Organizations: Nikkei, REUTERS, CBA, bbl, Nasdaq, Reserve, Citi, Thomson Locations: Tokyo, Japan, SYDNEY, Asia, South Korea, Iran, Gaza, Pacific, China, Wells

☆ U.S. stocks slip, oil surges on Middle East violence
▼ + stars: | 2023-10-08 | by ( Wayne Cole | ) www.reuters.com time to read: +3 min

"The risk is higher oil prices, a slump in equities, and a surge in volatility that supports the dollar and yen, and undermine 'risk' currencies," said analysts at CBA in a note. "A response by Iran in the Straits of Hormuz is the wild-card for oil supply and currency reaction." Any sustained rally in oil prices would act as a tax on consumers and add to inflationary pressures, which weighed on equities as S&P 500 futures shed 0.8% and Nasdaq futures lost 0.7%. The news from the Middle East could also sour the start of corporate earnings season with 12 S&P 500 companies reporting this week including JP Morgan, Citi, and Wells Fargo. Early Monday, markets seemed to think developments in the Middle East would lean against further Fed hikes, and perhaps hasten a policy easing next year.

Persons: Androniki, Israel, Brent, JP Morgan, Wayne Cole, Shri Navaratnam Organizations: Nikkei, REUTERS, CBA, Nasdaq, Citi, Reserve, Thomson Locations: Tokyo, Japan, SYDNEY, Asia, Iran, Straits, Hormuz, Gaza, Wells Fargo, China

☆ US stocks slip, Treasuries rise on Middle East violence
▼ + stars: | 2023-10-08 | by ( Wayne Cole | ) www.reuters.com time to read: +3 min

"The risk is higher oil prices, a slump in equities, and a surge in volatility that supports the dollar and yen, and undermine 'risk' currencies," said analysts at CBA in a note. In currency markets, the yen was the main gainer though moves were modest overall. The news from the Middle East could also sour the start of corporate earnings season with 12 S&P 500 companies reporting this week including JP Morgan, Citi, and Wells Fargo. Early Monday, markets seemed to think developments in the Middle East would lean against further Fed hikes, and perhaps hasten a policy easing next year. China also returns from holiday this week with a deluge of data including consumer and producer inflation, trade, credit and lending growth.

The logo of Toshiba Corporation is displayed at the company's building in Kawasaki, Japan, April 5, 2023. The top two deals this year, Toshiba Corp (6502.T) and JSR Corp (4185.T), had activists on their rosters. The strong M&A market comes as two long-standing obstacles to Japanese dealmaking - reluctance towards unsolicited takeovers and difficulties in cutting overlapping jobs in post merger integrations - may be fading. "Previously, excess employment issues held back M&A, because cutting overlapping headcount is the primary way M&A cuts costs and raises returns," Smith said. "As the labour shortage bites, expect M&A to surge as companies start being targeted as labour reservoirs."

Persons: Androniki, LSEG, David Gross, Loh, Jim Verbeeten, Shinsuke Tsunoda, " Bain Capital's Gross, Nicholas Smith, Smith, Makiko Yamazaki, Kane Wu, Sumeet Chatterjee, Stephen Coates Organizations: Toshiba Corporation, REUTERS, Toshiba, Bain Capital Asia, Bankers, Tokyo bourse, Toshiba Corp, JSR, Bain & Company, Nomura Securities, Marelli Holdings, KKR, Nidec Corp, Thomson Locations: Kawasaki, Japan, TOKYO, HONG KONG, Tokyo

☆ Flawless Kudermetova dismantles Pegula to claim Tokyo title
▼ + stars: | 2023-10-01 | by ( ) www.reuters.com time to read: +2 min

It was Kudermetova's second win over Pegula this season - following her victory in the Madrid quarter-finals - and a fifth win in her last six matches against top-10 opponents. It's my second title and I'm proud of myself," said Kudermetova, whose previous title was also a WTA 500 crown at Charleston in 2021. "I prepared myself for a tough match as Jessica is a great player and a great fighter... Pegula counted the positives after a good week in which she did not drop a set until the final. "It's always great to give yourself a chance to win the tournament," Pegula said.

Persons: Russia's Veronika Kudermetova, Jessica Pegula, Androniki, Veronika Kudermetova, Iga, I'm, Jessica, It's, Pegula, Aryna, Iga Swiatek, Coco Gauff, Elena Rybakina, Shrivathsa Sridhar, William Mallard, Michael Perry Organizations: Pan, Ariake, U.S, REUTERS, Rights, Pan Pacific, Charleston, Thomson Locations: Tokyo, Japan, American, Russian, Madrid, Beijing, Cancun , Mexico, Bengaluru

☆ Pegula books clash with Kudermetova in Tokyo final
▼ + stars: | 2023-09-30 | by ( ) www.reuters.com time to read: +2 min

The 29-year-old American, gunning for her second title of the season following her triumph in Montreal, will take on Russian Veronika Kudermetova on Sunday. The pair traded breaks early in the second set before Pegula stepped up the pressure again, firing a sizzling forehand winner en route to a 4-2 lead. Pegula finished the job when she forced Sakkari into making a mistake from the back of the court. Earlier, Kudermetova outlasted former French Open runner-up Anastasia Pavlyuchenkova 7-6(6) 6-7(2) 6-3 in a gruelling battle lasting three hours and 25 minutes to make her second final of the season. "But today I'm really happy that I managed to win the match and to be in the final."

Persons: Jessica Pegula, Greece's Maria Sakkari, Androniki, Maria Sakkari, gunning, Russian Veronika Kudermetova, Pegula, Sakkari, Kudermetova, Anastasia Pavlyuchenkova, Roland Garros, Shrivathsa Sridhar, William Mallard Organizations: Pan, Ariake, Greece's Maria Sakkari REUTERS, Rights, Pan Pacific, Thomson Locations: Tokyo, Japan, United, Montreal, Russian, Guadalajara, Bengaluru

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