The yen touched a three-month low on Monday as Japan’s ruling coalition lost its parliamentary majority and investors figured that would likely slow future interest rate hikes, while the dollar headed for a monthly gain on rising U.S. yields. On the dollar, the yen hit its weakest since late July at 153.3 in early-morning trade … Read more
The U.S. dollar hovered at a 2-1/2-month peak on Wednesday as investors adjusted bets toward a gradual reduction of interest rates while keeping an eye on a close presidential election race. The yen remained under pressure as the dollar and U.S. Treasury yields marched higher, pushing it to a three-month low. The greenback has climbed … Read more
A senior Japanese ruling party official said cancelling this year’s Olympics in Tokyo remains an option if the coronavirus crisis becomes too dire, as a fourth wave of infections surges less than 100 days from the planned start of the Games. “If it seems impossible to do it any more, then we have to stop, … Read more
NEW DELHI: Yoshihide Suga, who was elected as Japan’s next prime minister on Wednesday, is in many ways a policy clone of the man he replaces–Shinzo Abe—and is expected to bolster strategic partnership with India and support a free and open Indo-Pacific strategy. Long-serving leader Abe had said last month he was resigning on health … Read more
TOKYO – Yoshihide Suga, a longtime lieutenant of Japan‘s Shinzo Abe, has emerged as a strong contender to succeed him as prime minister, an outcome that would extend the fiscal and monetary stimulus that defined Abe’s nearly eight years in office. Abe, Japan’s longest-serving premier, said on Friday he was stepping down due to a … Read more