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U.S. President Joe Biden will host Japanese Prime Minister Fumio Kishida and Philippine President Ferdinand Marcos Jr. for a trilateral summit on April 11, the White House said Monday. The countries' first three-way summit will take place in Washington a day after Biden's meeting with Kishida, who will attend a state dinner in his honor hosted by the U.S president. White House spokeswoman Karine Jean-Pierre said the three leaders will "advance a trilateral partnership built on deep historical ties of friendship, robust and growing economic relations, a proud and resolute commitment to shared d...
Kyodo News
Tokyo stocks opened lower Tuesday as investors locked in gains after sharp rises the previous day, with many awaiting the outcome later in the day of the Bank of Japan's policy meeting. In the first 15 minutes of trading, the 225-issue Nikkei Stock Average fell 237.52 points, or 0.60 percent, from Monday to 39,502.92. The broader Topix index was down 2.77 points, or 0.10 percent, at 2,719.22. On the top-tier Prime Market, decliners were led by precision instrument, pharmaceutical and marine transportation issues. At 9 a.m., the U.S. dollar fetched 149.14-15 yen compared with 149.09-19 yen in N...
Kyodo News
The Bank of Japan is widely expected to end its negative interest rate policy and overhaul its powerful monetary easing on Tuesday as robust wage growth boosts the likelihood of achieving its long-elusive goal of stable inflation. Financial markets expect the BOJ to raise its policy interest rate, currently set at minus 0.1 percent, at the end of a two-day policy meeting in what would be the first hike in 17 years. Among other policy tools, the BOJ is also seen by analysts as scrapping its yield cap program, under which borrowing costs have been kept artificially low through its buying of gove...
Kyodo News
Americans continue to perceive China as the biggest adversary of the United States, followed by Russia, while Canada and Japan share the highest favorable rating of 83 percent, a Gallup poll released Monday showed. In the telephone survey conducted in February, 41 percent of respondents said China when asked to name one country they considered to be their nation's "greatest enemy today." It is the fourth straight year for China to top the perceived enemies list, though the number declined from 50 percent in 2023. Russia and Iran followed at 26 percent and 9 percent, respectively. While the fig...
Kyodo News
Kenjiro Shinozuka, the first Japanese driver to win the Paris-Dakar Rally, died Monday of pancreatic cancer. He was 75. Shinozuka died at a hospital in Suwa, Nagano Prefecture. He competed in Japanese rallies while working as an employee of Mitsubishi Motors Corp. from 1971. Shinozuka made his Paris-Dakar Rally debut in 1986 with a Pajero and won the championship in 1997. He also won the Ivory Coast Rally in 1991 and 1992.
Kyodo News
Tokyo stocks ended sharply higher Monday, with the Nikkei surging over 2 percent, as exporters were boosted by the yen's weakness against the U.S. dollar, while sentiment was lifted on receding concerns regarding the Bank of Japan's policy meeting results the next day. The 225-issue Nikkei Stock Average ended up 1,032.80 points, or 2.67 percent, from Friday at 39,740.44. The broader Topix index finished 51.19 points, or 1.92 percent, higher at 2,721.99. On the top-tier Prime Market, gainers were led by real estate, machinery and insurance issues. The dollar was firm in the lower 149 yen range ...
Kyodo News
The Nikkei stock index jumped over 2 percent Monday morning, as export-oriented issues were boosted by the yen's weakness against the U.S. dollar and investors hunted bargains after sharp losses last week. The 225-issue Nikkei Stock Average rose 813.79 points, or 2.10 percent, from Friday to 39,521.43. The broader Topix index was up 40.35 points, or 1.51 percent, at 2,711.15. The dollar stayed firm around the 149 yen line on expectations that the Bank of Japan is likely to maintain an accommodative monetary stance even if it moves to end its negative interest rate policy at its two-day meeting...
Kyodo News
The Nikkei stock index surged over 2 percent Monday morning, as the yen's weakness against the U.S. dollar boosted exporters and investors bought on dips after the market's sharp losses last week. At 10 a.m., the 225-issue Nikkei Stock Average rose 779.14 points, or 2.01 percent, from Friday to 39,486.78.
Kyodo News
Tokyo stocks opened higher Monday as the yen's weakness against the U.S. dollar supported buying of export-oriented issues. In the first 15 minutes of trading, the 225-issue Nikkei Stock Average rose 532.01 points, or 1.37 percent, from Friday to 39,239.65. The broader Topix index was up 33.27 points, or 1.25 percent, at 2,704.07. On the top-tier Prime Market, gainers were led by marine transportation, insurance and transportation equipment issues. At 9 a.m., the dollar fetched 148.96-97 yen compared with 149.03-13 yen in New York and 148.57-59 yen in Tokyo at 5 p.m. Friday. The euro was quote...
Kyodo News
The Bank of Japan will debate ending its negative interest rate policy at its two-day policy meeting from Monday as accelerating wage growth is increasing the chance of attaining stable inflation without hurting the economy. If the Policy Board decides to remove the negative rate and goes ahead with what will effectively be the central bank's first hike in 17 years, it will mark a major shift away from the unprecedented monetary easing that Japan has seen over the past decade to put an end to deflation. Financial markets expect the BOJ to end its negative rate policy either in March or April a...
Kyodo News
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