The Latest Breaking News from Bank of Japan

Political uncertainty after Japan's election shock risks slowing economic reforms, pushing up government spending and even holding up the Bank of Japan's exit from its outlier monetary policy, economists said.

Oil prices tumbled Monday with markets relieved that Israel's strikes on Iran had avoided the country's energy infrastructure while the yen fell to a three-month low after Japan's ruling party suffered an election drubbing.

Asian markets built Friday on the latest global rally after a jumbo US interest rate cut, while the yen edged up as focus turns to the Bank of Japan policy decision later in the day.

Most Asian markets rose Tuesday but Tokyo sank more than one percent as exporters were hit by a stronger yen with traders gearing up for a bumper US interest rate cut and a key Japanese central bank meeting.

Equities slipped Wednesday following a mixed day on Wall Street, as worries about the world's top two economies offset optimism that the Federal Reserve will start cutting interest rates next week.

With the Japanese yen still trading at multi-decade lows, it has sparked interest in certain sectors, including technology, automotive, and manufacturing that could benefit from a weaker currency. Given these dynamics, quality Japanese stocks Sony Group (SONY), Mitsui & Co. (MITSY), and Honda Motor (HMC) could be worth watching closely.…

September Nasdaq 100 E-Mini futures (NQU24) are trending down -0.06% this morning as market participants refrained from making big bets ahead of a highly anticipated earnings report from AI darling Nvidia.

Asian stocks show mixed performance as U.S. markets surge on Fed rate cut expectations. Powell's dovish stance impacts global markets.

Recent concerns about the unwinding of yen carry trades and its potential impact on financial markets have proven less disruptive than anticipated. Despite other countries raising interest rates to combat post-pandemic inflation, Japan has kept borrowing costs low to address its long-term economic stagnation. Although the Bank of Japan (BoJ)…