Asian shares followed their Wall Street peers lower as talk about a scaling back of the Federal Reserve's monetary stimulus weighed on sentiment.» Read More
Asian stocks experienced a broad sell-off on Monday over weak Chinese factory data and worries about a shutdown of the U.S. government.
The euro rose on Monday after German Chancellor Angela Merkel won a third term in office and German, French and euro zone private sector surveys came in better than expected.
The dollar on Friday edged up, helped by comments from Fed officials suggesting a reduction in stimulus could be closer than many thought.
Japan's benchmark index led Asian stocks higher on Tuesday as dollar-yen flirted with the key 100-level while better-than-expected manufacturing data in Europe and China lifted confidence in the global economic recovery.
Abenomic-fueled stock market gains in the first quarter through June has sure helped out Japanese financial institutions. The Nikkei's Yukako Ono reports.
Banks, unable to make money on their JGBs, have begun sloughing off their holdings, putting upward pressure on yields.
The volatility in the Japanese government debt market has unnerved investors in domestic banks, with the country's top lenders alone holding an estimated $390 billion worth of these bonds.
The Shanghai Composite rallied over 1 percent on Thursday as investors cheered news of easing regulations while Japan's Nikkei index closed off its five-and-a-half year peak after data showed that capital spending fell for a fifth straight month.
Shinzo Abe's economic policies may be aimed at bolstering Japan's manufacturing groups, but the country's banks are suffering an Abenomics ordeal. The Financial Times reports.
Japan's banking titans are hiring Spanish-speaking bankers to win new business in Latin America and handing out loans to junk-grade borrowers in the United States as they probe deeper overseas.
Brian Waterhouse, Senior Analyst, Japan Banks, CLSA discusses the merits of increasing exposure to Japan's banking sector. He adds that loan growth is still fairly anemic.