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☆ Japan lodges protest with Russia over suspension of tax treaties
▼ + stars: | 2023-08-09 | by ( ) www.reuters.com time to read: +1 min

Japan's Education Minister Hirokazu Matsuno speaks at a news conference at Prime Minister Shinzo Abe's official residence in Tokyo, Japan, August 3, 2016. REUTERS/Kim Kyung-Hoon/File PhotoTOKYO, Aug 9 (Reuters) - Japanese Chief Cabinet Secretary Hirokazu Matsuno said on Wednesday that Japan has lodged a protest with Russia over Moscow's suspension of tax treaties. "Japan lodged a protest against Russia through diplomatic channels and asked them to withdraw their decision," he said. Matsuno also said that the government would closely examine Russia's decision, and would collect information on the situation of Japanese companies there and take appropriate action. Reporting by Kaori Kaneko; Editing by Christopher Cushing and Gerry DoyleOur Standards: The Thomson Reuters Trust Principles.

Persons: Hirokazu Matsuno, Shinzo, Kim Kyung, Vladimir Putin, Russia's, Matsuno, Kaori Kaneko, Christopher Cushing, Gerry Doyle Organizations: Japan's, REUTERS, Thomson Locations: Tokyo, Japan, Russia

☆ Spanish midfielder Iniesta joins Emirates Club
▼ + stars: | 2023-08-08 | by ( ) www.reuters.com time to read: +1 min

Soccer Football - Friendly - Vissel Kobe v FC Barcelona - Japan National Stadium, Tokyo, Japan - June 6, 2023 Vissel Kobe's Andres Iniesta applauds the fans as he gets substituted by Haruya Ide REUTERS/Kim Kyung-Hoon/File PhotoAug 8 (Reuters) - Former Spain and Barcelona midfielder Andres Iniesta has joined Emirates Club, the UAE Pro league announced on Tuesday. "Welcome Iniesta", Emirates club said on messaging platform X, formerly known as Twitter. The 39-year-old player left Japanese club Vissel Kobe last month after five years. Iniesta won nine LaLiga titles with Barcelona and four Champions League titles. With Spain, he won the 2010 World Cup and back-to-back Euro titles in 2008 and 2012.

Persons: Vissel Kobe's Andres Iniesta applauds, Haruya Ide, Kim Kyung, Andres Iniesta, Iniesta, Shady Amir, Clare Fallon Organizations: Soccer Football, FC Barcelona, Japan, Haruya Ide REUTERS, Barcelona, Emirates Club, UAE Pro, Emirates, Twitter, Vissel Kobe, League, Spain, Vissel, AFC Champions League, Thomson Locations: Kobe, Tokyo, Japan, Spain, Ras Al, Khaimah, Vissel Kobe

Sentiment rebounded in China as the blue chip CSI300 index (.CSI300) turned positive to be up 0.07% after initially losing 0.54%. Australian shares (.AXJO) were up 0.15%, while Japan's Nikkei stock index (.N225) rose 0.29% after early trading up by nearly 0.8%. ANZ predicts China's July consumer price index to come in at minus 0.4% year-on-year. "Weak inflation in China should be a global disinflationary force in goods markets going forward." Minor measures to help property markets have been delivered in the past fortnight, but no broad stimulus has been outlined.

Persons: Kim Kyung, Hoon SYDNEY, Hong, HSI, Mizuho, Brent, Scott Murdoch, Lincoln Organizations: Yen, REUTERS, Federal, Japan's Nikkei, Dow Jones, Nasdaq, Global, ANZ, Thomson Locations: Tokyo, Japan, China, United States, Asia, Pacific, U.S, Sydney

☆ Asia shares on guard for US, China inflation risks
▼ + stars: | 2023-08-07 | by ( Wayne Cole | ) www.reuters.com time to read: +4 min

MSCI's broadest index of Asia-Pacific shares outside Japan <.MIAPJ0000PUS> was a fraction firmer in thin trade, after losing 2.3% last week. Chinese blue chips (.CSI300) eased 0.7% with investors still disappointed at the lack of major and concrete stimulus steps from Beijing. Going the other way, S&P 500 futures added 0.4% and Nasdaq futures 0.5%. In China, the market is looking for further signs of deflation with annual consumer prices seen down around 0.5%, and producer prices falling 4%. Futures imply only a 12% chance of a Federal Reserve rate hike in September, and 24% for a rise by year-end.

Persons: Kim Kyung, Walt Disney, Goldman Sachs, Michael Gapen, Brent, Wayne Cole, Shri Navaratnam, Jacqueline Wong Organizations: Yen, REUTERS, Nikkei, SYDNEY, Japan's Nikkei, Bank of Japan, Nasdaq, News Corp, Goldman, Federal, Fed, U.S ., Thomson Locations: Tokyo, Japan, China, U.S, Asia, Pacific, Beijing, Ukraine

Logo of Bain Capital is screened at a news conference in Tokyo, Japan September 28, 2017. Shares of Estia Health were up 9.9% at A$3.12 as of 0045 GMT, their highest since Sept 2018. Bain Capital did not immediately respond to a Reuters request for comment. In June, the company updated the market on its intentions to back Bain Capital's increased offer of $A3 per share to A$3.20. "If they acquire Estia Health they may be stuck with it in the days ahead."

Persons: Kim Kyung, Estia, Bain Capital's, Gary Weiss, Estia's, Brad Smoling, Smoling, Rishav Chatterjee, Scott Murdoch, Sherry Jacob, Phillips, Stephen Coates Organizations: Bain Capital, REUTERS, Global, Estia, Bain, Virgin Australia, Australia, Health, Thomson Locations: Tokyo, Japan, Sydney, Australia, Bengaluru

☆ BOJ debated prospects of sustained inflation at July meeting - summary
▼ + stars: | 2023-08-07 | by ( Leika Kihara | ) www.reuters.com time to read: +3 min

Japan is expected to see a new phase where wages and services prices continue to increase," according to one opinion shown in the summary. Therefore, wages and selling prices could continue to rise at a pace that has not been seen in the past," another opinion showed. Governor Kazuo Ueda said the decision was a pre-emptive move against the risk of rising inflation pushing up long-term bond yields, and heightening volatility in financial markets. "If prices and inflation expectations continue to heighten, the effects of monetary easing will strengthen. On the other hand, strictly capping the 10-year bond yield at 0.5% could affect bond market function and market volatility," one opinion showed.

Persons: Kim Kyung, Kazuo Ueda, Leika, Chang, Ran Kim, Sam Holmes Organizations: Bank of Japan, REUTERS, Bank, Japan, Thomson Locations: Tokyo, Japan, TOKYO

☆ Japan's 'Mr.Yen' Sakakibara expects no yen intervention
▼ + stars: | 2023-08-07 | by ( Brigid Riley | ) www.reuters.com time to read: +3 min

Japan's former currency czar Eisuke Sakakibara speaks at an interview with Reuters in Tokyo, Japan February 6, 2017. Sakakibara gained a reputation as a market mover in the 1990s after devising several currency interventions during his time as vice finance minister, earning him the nickname "Mr Yen". Sakakibara takes Bank of Japan head Kazuo Ueda at his word that easy policy will be retained for the time being. Japan's Ministry of Finance intervened in October when the yen slipped to 149.70 against the dollar, and speculation grew that the currency could tumble further. While the chance that the yen weakens further against the dollar can't be completely dismissed, Sakakibara believes the "tide has changed" for dollar-yen.

Persons: Eisuke Sakakibara, Kim Kyung, Sakakibara, Mr Yen, Kazuo Ueda, Brigid Riley, Hiroko Hamada, Shri Navaratnam Organizations: Reuters, REUTERS, U.S, U.S . Federal Reserve, of Finance, Bank of Japan, Fed, Bank, Japan, Japan's Ministry of Finance, Thomson Locations: Tokyo, Japan, U.S, Japan's

☆ Japan to start Fukushima water release as early as late August, Asahi Shimbun reports
▼ + stars: | 2023-08-06 | by ( ) www.reuters.com time to read: +1 min

Ventilation stacks and cranes at the disabled Fukushima Dai-ichi nuclear power plant are seen from a beach in Namie, about 7 km away from the power plant, in Fukushima Prefecture, Japan, February 28, 2023. REUTERS/Kim Kyung-Hoon/File PhotoTOKYO, Aug 7 (Reuters) - Japan plans to start releasing treated radioactive water from the tsunami-wrecked Fukushima nuclear power plant into the ocean as early as late August, Japan's Asahi Shimbun daily reported on Monday, citing unnamed government sources. Japan's nuclear regulator last month granted approval for plant operator Tokyo Electric Power (9501.T) to start releasing the water - which Japan and the International Atomic Energy Agency say is safe but nearby countries fear it may contaminate food. Bottom trawling fishing is scheduled to start off Fukushima, northeast of Tokyo, in September, and the government aims to start the water discharge before the fishing season gets underway, the newspaper said. Reporting by Kiyoshi Takenaka; editing by Diane CraftOur Standards: The Thomson Reuters Trust Principles.

Persons: Kim Kyung, Fumio Kishida, Joe Biden, Yoon Suk, Kiyoshi Takenaka, Diane Craft Organizations: REUTERS, Asahi Shimbun, U.S, South, Tokyo Electric Power, International Atomic Energy Agency, Thomson Locations: Fukushima Prefecture, Japan, United States, Fukushima, Tokyo

☆ More Baby Boomers are living alone. One reason why: ‘gray divorce’
▼ + stars: | 2023-08-05 | by ( Catherine E. Shoichet | ) edition.cnn.com time to read: +12 min

It’s been about a decade since Brown’s research popularized the term “gray divorce” to describe this phenomenon – something that used to be a rarity, but now has become much more common. They dubbed it “the gray divorce revolution.”And it’s still going strong, both for celebrities and everyday people. Rather than “gray divorce,” Myres says she prefers the term “silver splitters,” because it also alludes to the silver lining of starting fresh, no matter how old you are. Financial difficulties after “gray divorce” are a problem Brown says she and other researchers have been studying, too. In the first couple of years after a “gray divorce,” Brown says, about 50% of people end up living alone.

Persons: Edith Heyck didn’t, “, I’d, ”, She’s, Susan L, Brown, It’s, ” Brown, Tipper Gore, Melinda French Gates, Lin, Melinda Gates, Justin Trudeau, Susan Myres, she’s, ‘, ’ ” Myres, “ I’ve, they’ve, Myres, ” Myres, Heyck, Edith Heyck, Edith Heyck “, ‘ Gray, ’, izusek, Bella DePaulo, …, what’s, “ Who’s, Markus Schafer, it’s, ” Schafer, Kim Kyung, Jennifer Molinsky, There’s, ” Molinsky, Edith Heyck Heyck Organizations: CNN, National Center for Family, Bowling Green State University, Al, United States, Canadian, Social Security, Baylor University, Reuters, Aging Society, Harvard University’s, for Housing Locations: Newburyport , Massachusetts, United States, United, Houston, Santa Barbara , California, Japan, Tokyo

☆ Arsenal in better position than City, says Guardiola ahead of Community Shield
▼ + stars: | 2023-08-04 | by ( ) www.reuters.com time to read: +3 min

City, who won their first Champions League title in June, will kick off their 2023-24 season against runners-up Arsenal on Sunday in the traditional curtain-raiser to the Premier League season. "The situation that we are in, we finished (last season) two weeks later than Arsenal and we start (this season) two weeks later. Arsenal have bought a really good player," Guardiola said. Guardiola reiterated his desire to keep England defender Kyle Walker, who has a year left on his City contract, amid interest from German giants Bayern Munich. Guardiola said Croatia defender Josko Gvardiol, who is set to join City from Bundesliga club RB Leipzig, is undergoing his medical test.

Persons: Pep Guardiola, Manchester City's Mateo Kovacic, Jack Grealish, Kim Kyung, Mikel Arteta's, Guardiola, Declan Rice, Kai Havertz, Rice, Kyle Walker, Bernardo Silva, Kyle, Bernardo, Silva, Josko Gvardiol, Pearl Josephine Nazare, Christian Radnedge Organizations: Soccer Football, Yokohama F Marinos, Manchester City, Japan, Manchester, Arsenal, Community, City, Champions League, FA, Premier League, Mikel Arteta's Arsenal, West Ham United, Chelsea, Ajax Amsterdam, England, Bayern Munich, LaLiga, Barcelona, Croatia, Bundesliga, RB Leipzig, Thomson Locations: Tokyo, Japan, London, West, Portuguese, Bengaluru

☆ China's July services activity expands at quicker pace - Caixin PMI
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Kim Kyung-Hoon/FilesBEIJING, Aug 3 (Reuters) - China's services activity expanded at a slightly faster pace in July, supported by a jump in business in the summer travel season, a private-sector business survey showed on Thursday, partly offsetting the drag from the weak manufacturing sector. The Caixin/S&P Global services purchasing managers' index (PMI) rose to 54.1 in July from 53.9 in June, marking an expansion of business activity across the services sector for the seventh straight month. The data was in contrast to an official survey on Monday which showed services activity has continued to soften. Caixin/S&P's composite PMI, which includes both manufacturing and services activity, fell to 51.9 from 52.5 in June, marking the seventh straight month of expansion. "The uneven recovery of the services and manufacturing industries has been a prominent issue," economist Wang said.

Persons: Kim Kyung, Wang Zhe, Wu, Wang, Ellen Zhang, Ryan Woo Organizations: REUTERS, P Global, Authorities, Caixin Insight Group, Companies, PMI, Thomson Locations: Beijing, BEIJING, Hangzhou

☆ Stocks fall, Treasuries gain after Fitch downgrades US rating
▼ + stars: | 2023-08-02 | by ( Xie Yu | ) www.reuters.com time to read: +3 min

REUTERS/Kim Kyung-Hoon/file photoHONG KONG, Aug 2 (Reuters) - Asian stocks traded lower while U.S. Treasury yields declined on Wednesday, after ratings agency Fitch unexpectedly downgraded the United States' top-tier sovereign credit rating. Asian stocks were also weighed by declines on Wall Street overnight. Fitch cut the United States by one notch to AA+ from AAA, citing fiscal deterioration, a decision announced after the Wall Street close on Tuesday. U.S. 10-year Treasury yields declined by about 2 basis points to 4.025% in Tokyo. The United States publishes fresh data on jobless claims and unemployment later this week.

Persons: Kim Kyung, Fitch, Hong Kong's, HSI, Manishi Raychaudhuri, counterintuitively, Steven Ricchiuto, Brent, Xie Yu, Sam Holmes Organizations: REUTERS, U.S, Treasury, United, Japan's Nikkei, AAA, Asia, BNP Paribas, Standard, U.S ., Mizuho Securities, West Texas, Thomson Locations: Tokyo, Japan, HONG KONG, United States, Asia, ., U.S, China

[1/6] German tourist Kevin Khani and Austrian tourist Georg Riedlbaur use an automated translation window at the Seibu-Shinjuku station in Tokyo, Japan, July 26, 2023. REUTERS/Kim Kyung-Hoon/File photoTOKYO, July 31 (Reuters) - As Japan enjoys a post-pandemic resurgence in tourism from around the globe, Seibu Railway is testing out an automated translation window to help confused foreigners navigate one of Tokyo's most complex transportation hubs. Kevin Khani was among foreign travellers who got turned around in the Seibu-Shinjuku station recently and found the VoiceBiz window helpful. Across the road from the Seibu station is Shinjuku's central Japan Railway (JR) station, which is the busiest in the world, with some 3.6 million people passing through daily. Weary from a 1 a.m. flight arrival, French tourists Isabelle and Marc Rigaud used the translation window to try to find their way from the Seibu station to the JR station.

Persons: Kevin Khani, Georg Riedlbaur, Kim Kyung, Harry Potter, Ayano Yajima, Toppan, Isabelle, Marc Rigaud, Tom Bateman, Rocky Swift, Simon Cameron, Moore Organizations: Seibu, REUTERS, Japan, Seibu Railway, Seibu Holdings, Kansai International, Japan Railway, Thomson Locations: Shinjuku, Tokyo, Japan, TOKYO, United States, Europe, Seibu, Alibaba

☆ Silkworm sashimi, cricket curry on menu as bugs make a comeback in Japan
▼ + stars: | 2023-07-26 | by ( ) www.reuters.com time to read: +3 min

[1/5] Almond tofu with beetle larvae is pictured at Take-Noko cafe in Tokyo, Japan, July 21, 2023. REUTERS/Kim Kyung-HoonTOKYO, July 26 (Reuters) - On a recent vacation in Tokyo, Takumi Yamamoto opted for a special lunch of cricket curry and silkworm sashimi, washed down with a water bug cider. In particular, the water bug cider was quite refreshing and delicious, like a green apple." While some consumers think eating insects is just gross, Japan has a rich culinary history of insects as food. The delicate "sashimi" is the left-over casing of silkworms, and the cider is infused with water bug extract and topped with a whole insect, said to taste like shrimp.

Persons: Kim Kyung, Hoon, Takumi Yamamoto, Yamamoto, Entomophagy, Michiko Miura, Miura, Takeo Saito, Saito, Rocky Swift, Tom Bateman, Miral Organizations: REUTERS, United, Grasshoppers, Nippon Telegraph, Telephone, Takeo, Thomson Locations: Tokyo, Japan, Hoon TOKYO, Hyogo, United Nations, silkworms, Pasco

☆ Nidec's acquisitive CEO hails new Japan rules aimed at making takeovers easier
▼ + stars: | 2023-07-23 | by ( Makiko Yamazaki | ) www.reuters.com time to read: +3 min

[1/2] Nidec Corp's logo is pictured at an earnings results news conference in Tokyo, Japan, July 25, 2018. Nagamori welcomed the prospect of Japan becoming more receptive to unsolicited bids. Because unsolicited bids are seen as taboo, Nidec has typically focused on buying and turning around money-losing companies, he said, but "that takes time". In corporate Japan, unsolicited bids have been seen as too adversarial. he said, referring to Nidec's tender offer price with an 80% premium.

Persons: Kim Kyung, Shigenobu Nagamori, Nagamori, Nidec, Makiko Yamazaki, Miho Uranaka, Robert Birsel Organizations: REUTERS, Thomson Locations: Tokyo, Japan, TOKYO

☆ Without fanfare or PR, Japanese anime master Miyazaki's likely final film opens
▼ + stars: | 2023-07-14 | by ( Elaine Lies | ) www.reuters.com time to read: +3 min

[1/2] A woman takes a picture of a movie poster for Oscar-winning Japanese animation master Hayao Miyazaki's film "How Do You Live?" outside a movie theatre in Tokyo, Japan, July 14, 2023. "I was really excited to see a Miyazaki movie," said Michiru Miyasato, an 18-year-old student who came to the first showing at a central Tokyo cinema. In a first for Miyazaki's films, which include "Princess Mononoke" and "My Neighbour Totoro," this one also has an IMAX release. "So I was really, really looking forward to it."

Persons: Oscar, Hayao Miyazaki's, Kim Kyung, Hoon, Hayao Miyazaki, Michiru Miyasato, Yumiko Kokubo, Toshio Suzuki, Mononoke, Miyazaki, Rens Takahashi, Elaine Lies, Mark Heinrich Our Organizations: REUTERS, Ghibli, Miyazaki, NHK, Thomson Locations: Tokyo, Japan, Hoon TOKYO

[1/3] Pedestrians are reflected on a window of a commercial building at closing hour at a financial district in Tokyo, Japan, November 22, 2017. The number of activist funds has trebled over the last five years to 69, according to data from IR Japan. Joining a hedge fund where you might lose your job tomorrow because you lost money or didn't raise funds is a very foreign world for such workers." "Many global hedge funds are opening up Tokyo offices and hiring talent" to support a growing investment focus, said Masa Yanagisawa, head of prime services Japan at Goldman Sachs in Tokyo. Hong Kong-headquartered activist hedge fund Oasis Management has hired people in Japan this year, including a former senior regulatory official it appointed to its advisory council.

Persons: Kim Kyung, Warren Buffett, Stefan Nilsson, Masa Yanagisawa, Goldman Sachs, Seth Fischer, FinCity.Tokyo, Keiichi Aritomo, Toby Bartlett, Goldman's Yanagisawa, UBP, Cedric Le Berre, Xie Yu, Makiko Yamazaki, Scott Murdoch, David Dolan, Lincoln Organizations: REUTERS, Global, Nikkei, Funds, Oasis Management, Oasis, Citadel, Citadel Securities, Nasdaq, May, Angel, Asset Management, Thomson Locations: Tokyo, Japan, HONG KONG, TOKYO, Hong Kong, Singapore, Swiss, China, Taiwan, Sydney

[1/6] A chef cooks tofu as he prepares a dish before the opening for dinner hour at Ukai, a traditional Japanese restaurant, in Tokyo, Japan, July 6, 2023. "There's no doubt rising wages and bonuses are among factors prodding customers to come dine with us despite the price hikes," said Ukai manager Yuka Hoshino. It is also drawing the attention of the Bank of Japan (BOJ), which is shifting away from its view the recent cost-driven inflation will prove temporary. "Japan is seeing early signs of progress in achieving inflation accompanied by higher wages," another source said, a view echoed by two more sources. The BOJ is changing its tone on the drivers of inflation and how they see progress made in sustainably hitting 2% inflation.

Persons: Kim Kyung, Hiroki Wakita, Yuka Hoshino, Kazuo Ueda, Teikoku Databank, Akihito Sato, Shohei Kanai, Ryozo Himino, Seisaku Kameda, Tetsushi Kajimoto, Sam Holmes Organizations: REUTERS, Reuters, Bank of Japan, Research, Workers, Thomson Locations: Tokyo, Japan, TOKYO, French, Ginza

'NOT ENDORSEMENT'International Atomic Energy Agency (IAEA) chief Rafael Grossi speaks at an interview with Reuters in Tokyo, Japan, July 7, 2023. Grossi said the IAEA's report did not amount to an endorsement of the plan and that Tokyo must take the final decision to release the water due to start later this summer. We say this plan is consistent with the standards," Grossi said. Grossi said he understood the concerns because "nothing identical" to this release had happened before. Reporting by Sakura Murakami and John Geddie in Tokyo; Editing by Jacqueline Wong and Michael PerryOur Standards: The Thomson Reuters Trust Principles.

Persons: Japan's, Rafael Grossi, Grossi, Liu Senlin, Liu, Kim Kyung, Hoon, I'm, Sakura Murakami, John Geddie, Jacqueline Wong, Michael Perry Organizations: Reuters, Global Times, IAEA, Atomic Energy Agency, REUTERS, Thomson Locations: TOKYO, China, China's, Argentina, Australia, Canada, France, Marshall Islands, South Korea, Russia, Britain, U.S, Vietnam, Tokyo, Japan, Hoon Beijing, Korea

☆ South Korea to issue soon response to Japan's Fukushima discharge plan
▼ + stars: | 2023-07-05 | by ( ) www.reuters.com time to read: +2 min

[1/2] A discharge outlet being constructed to release Advanced Liquid Processing System (ALPS) treated water into the sea stands in the water, at the disabled Fukushima Dai-ichi nuclear power plant in Okuma town, Fukushima prefecture, Japan, March 8, 2023. REUTERS/Kim Kyung-Hoon/File PhotoSEOUL, July 5 (Reuters) - South Korea will issue its own response as soon as possible after the U.N. nuclear watchdog approved Japan's plan to release treated radioactive water from the tsunami-wrecked Fukushima plant into the ocean, a government official said on Wednesday. Seoul would give its assessment of IAEA's examination of Japan's wastewater discharge plan when it announces its own review, Park said. South Korea's Agriculture Minister Chung Hwang-keun said on Tuesday the country will not lift a ban on Japanese food products from the area around the crippled Fukushima nuclear plant until public concern over contamination ease. IAEA chief Rafael Grossi, now in Japan, will visit South Korea from July 7 to 9 to explain the organisation's findings on Japan's planned discharge of water.

Persons: Kim Kyung, Japan's, Chung Hwang, keun, Rafael Grossi, Soo, Choi, Ed Davies Organizations: Processing, REUTERS, International Atomic Energy Agency, South Korea's, IAEA, Korea's Agriculture, Thomson Locations: Okuma, Fukushima prefecture, Japan, SEOUL, South Korea, Seoul, Tokyo

REUTERS/Kim Kyung-HoonSINGAPORE/LONDON, June 28 (Reuters) - The yen was under pressure against most other major currencies on Wednesday, even as Japanese authorities said they could intervene to prop it up, while the Australian dollar dropped after data showed inflation eased in May. The U.S. dollar rose to 144.26 yen on Wednesday, a fresh seven-month high, while the euro climbed to a 15-year high of 157.98 yen. Meanwhile, the Australian dollar fell to a three-week low of $0.6618 after the local consumer price inflation rate slowed to a 13-month low in May. It was last down 0.78% at $0.6634, and the neighbouring New Zealand dollar fell 1.17% to $0.6090, its biggest daily fall in a month. A measure of core inflation in Australia also cooled, in a sign interest rates might not have to rise again in July.

Persons: Kim Kyung, Masato Kanda, Lee Hardman, Jerome Powell, Andrew Bailey, Christine Lagarde, Kazuo Ueda, Ankur Banerjee, Muralikumar Anantharaman, Jamie Freed, Emelia Organizations: National Printing Bureau, Bank of Japan, REUTERS, Hoon, U.S, MUFG, New Zealand, Traders, Bank's, U.S . Federal, Bank of England, Thomson Locations: Tokyo, Japan, Hoon SINGAPORE, LONDON, Australia, Europe, U.S, Singapore

☆ Asia shares subdued, yen shunned as euro shines
▼ + stars: | 2023-06-28 | by ( Wayne Cole | ) www.reuters.com time to read: +5 min

“The data indicated a firmer pace of residential, inventory, and equipment investment in the second quarter,” wrote analysts at Goldman Sachs. Markets imply a 90% probability of an ECB rate hike to 3.75% in July and a peak around 4.0%. That underpinned the euro at $1.0950, while keeping it near a 15-year peak of 157.97 yen. The dollar had hit a near eight-month top of 144.18 yen, before easing back to 143.96 as Japanese officials again protested against the yen’s weakness. Yet, a rally in the yen looks unlikely while the Bank of Japan maintains its super-easy monetary policy.

Persons: Kim Kyung, Jerome Powell, Christine Lagarde, Kazuo Ueda, ”, Advantest, Goldman Sachs, “, Masato Kanda, Ueda’s, Carol Kong, Brent firmed Organizations: SYDNEY, National Printing Bureau, Bank of Japan, REUTERS, European Central Bank, ECB, ANZ, Wall, Journal, Nvidia, Nikkei, Chip, Tokyo, Federal Reserve, CBA Locations: Japan, Tokyo, Portugal, U.S, Asia, Pacific, Beijing, Washington, China, Europe

☆ Asia shares hesitant, yen slide stokes intervention risk
▼ + stars: | 2023-06-28 | by ( Wayne Cole | ) www.reuters.com time to read: +4 min

Markets imply a 90% probability of a rate hike to 3.75% in July and a peak around 4.0%. The euro responded by climbing to $1.0957, while surging on the low-yielding yen to a 15-year peak of 157.97. The dollar rose to a near eight-month peak of 144.18 yen, before easing back to 143.87 as Japanese officials again protested the weakness in the yen. Yet, a rally in the yen looks unlikely while the Bank of Japan maintains its super-easy monetary policy. “So we now see a higher risk Japanese authorities will step into the market to prop up the JPY.”In commodities, gold steadied at $1,915 an ounce, after finding support at the recent three-month low of $1,909.99.

Persons: Kim Kyung, Jerome Powell, Christine Lagarde, Kazuo Ueda, ”, Goldman Sachs, “, Masato Kanda, Ueda’s, Carol Kong, Brent firmed Organizations: SYDNEY, National Printing Bureau, Bank of Japan, REUTERS, European Central Bank, ECB, ANZ, Japan’s Nikkei, Nasdaq, Wall, Washington, Nvidia, Federal Reserve, CBA Locations: Japan, Tokyo, Portugal, U.S, Asia, Pacific, China, Europe

☆ US stock futures tip lower, yen stumbles and euro shines
▼ + stars: | 2023-06-28 | by ( Nell Mackenzie | ) www.reuters.com time to read: +4 min

“Maybe we’ll see some successes on inflation here and there, but it just won’t be enough,” said Rossiter. European inflation and rate hike hints from the Portugal meeting were also a focus for Tim Graf, head of EMEA macro strategy at State Street Global Advisors. “Recession probability models in the U.S. project a 55-70% to 65-70% probability we’ll get a recession in the next 12 months. Markets imply a 90% probability of an ECB rate hike to 3.75% in July and a peak around 4.0%. That underpinned the euro against the dollar at $1.095, while keeping it near a 15-year peak of 157.98 yen.

Persons: Jerome Powell, Kim Kyung, Christine Lagarde, Kazuo Ueda, ”, James Rossiter, Rossiter, Martins Kazaks, Tim Graf, they’re, we’ve, it’s, Graf, Masato Kanda, Brent Organizations: Federal, National Printing Bureau, Bank of Japan, REUTERS, Nvidia, Wall Street Journal, Commerce Department, Treasury, European Central Bank, TD Securities, ECB, Street Global Advisors, U.S . Locations: China, Tokyo, Japan, Portugal, “, Europe, London, U.S

At its peak in 2011, the swap deal was worth $70 billion. With both sides sitting on ample foreign exchange reserves, the swap deal is unlikely to be put into action anytime soon, he added. Masato Kanda, Japan's vice finance minister for international affairs also said the currency swap deal would promote co-operation. The bilateral finance talks were to have taken place every year under a 2006 agreement, but were last held in 2016. With China and North Korea growing concerns, South Korean President Yoon Suk Yeol met with Japanese Prime Minister Fumio Kishida in May, the third between the two this year, marking a thaw in years of icy relations between the Asian neighbours.

Persons: Yoon Suk Yeol, Kim Keon, Issei Kato, Shunichi Suzuki, Choo, Suzuki, Masato Kanda, Kanda, Fumio Kishida, Tetsushi Kajimoto, Jihoon Lee, Edwina Gibbs, Clarence Fernandez, Kim Coghill Organizations: Tokyo International, REUTERS, Japanese Finance, Korean, Japanese, South Korea, Thomson Locations: Korean, Tokyo, Japan, Seoul TOKYO, SEOUL, South Korea, Seoul, China, North Korea, South

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