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Asia-Pacific News Japan

  • TOKYO, May 24- Japan's Nikkei share average rose on Wednesday morning helped by exporters after the dollar gained against the yen, while financials gained ground thanks to a rise in U.S. Wall Street's strength lifted the mood in the Tokyo market. President Donald Trump's first full budget plan was largely as expected, even if it is not expected to be approved in...

  • TOKYO, May 24- The dollar held firm on Wednesday, having rebounded from 6-1/ 2- month lows against its major peers helped by a rise in U.S. Treasury yields, while the yuan eased after Moody's cut its sovereign rating on China due to concerns over the country's soaring debt. It managed to pull away from the 96.797 level plumbed on Monday, its lowest since Nov. 9, when...

  • *April manufacturers' sentiment index +24 vs +26 in April Service- sector index +30 in May vs 28 in April. TOKYO, May 24- Confidence among Japanese manufacturers receded in May for the first time in nine months after hitting a decade-high level April, a Reuters survey found, showing guarded optimism in a nascent export-led economic recovery. The dollar has risen...

  • TOKYO, May 24- Asian shares edged lower in early trade on Wednesday, while the Australian dollar and the offshore Chinese yuan slipped after Moody's cut its sovereign credit rating on China. The Aussie fell as much as 0.3 percent to $0.7455 while the yuan slipped to 6.8901 per U.S. dollar, 0.1 percent below late U.S. levels after Moody's downgraded China to A1 from...

  • **LONDON- European Central Bank to publish Financial Stability Report- 2100 GMT. MADRID- European Central Bank President Mario Draghi speaks at First Conference on Financial Stability- 1345 GMT. TORONTO- Federal Reserve Bank of Dallas President Robert Kaplan participates in a moderated question-and-answer session before the C.D.

  • **LONDON- European Central Bank to publish Financial Stability Report- 2100 GMT. MADRID- European Central Bank President Mario Draghi speaks at First Conference on Financial Stability- 1345 GMT. TORONTO- Federal Reserve Bank of Dallas President Robert Kaplan participates in a moderated question-and-answer session before the C.D.

  • LONDON, May 23- Shares climbed and the euro hit a six-month month high before running out of steam on Tuesday, as the latest economic data made for encouraging reading, especially in Germany. Investors continued to grapple with U.S. uncertainty as President Donald Trump's first full budget plan loomed, and a suicide bombing in Britain subdued the pound.

  • *Sterling dips marginally after Manchester attack. LONDON, May 23- The dollar struggled to recover ground against other major currencies on Tuesday as stronger German data and low 10- year U.S. "U.S. political risk obviously has came very much to the front of market attention in the past week," said Lee Hardman, a currency economist with Japan's MUFG in London.

  • *Sterling falls after Manchester bomb kills 22. LONDON, May 23- The euro set a new six-month month high on Tuesday and the region's shares made gains as the latest economic data made for some encouraging reading, especially in Germany. The euro climbed as high as $1.12680 to beat the previous day's high by a whisker, while London FTSE, Frankfurt's DAX and the CAC in...

  • *Sterling dips marginally after Manchester attack. LONDON, May 23- The dollar dipped against the basket of currencies that measures its broader strength on Tuesday, low 10- year U.S. "The 10- year Treasury yield is down 2 basis points and that is feeding through to the dollar underperforming," said Sam Lynton-Brown, a currency strategist with BNP Paribas in London.

  • TOKYO— Japan's lower house approved a bill Tuesday allowing authorities to punish those found guilty of planning serious crimes, legislation that opponents say could be used to undermine basic civil liberties. Lawmakers speaking in support of the legislation pointed to the explosion late Monday in Manchester, England, that killed at least 22 people as a...

  • TOKYO, May 23- Superlong Japanese government bonds firmed on Tuesday after decent results at a liquidity-boosting auction, while the benchmark JGB was steady. The 10- year cash JGB yield was flat at 0.045 percent, while 10- year JGB futures edged up 0.04 point to finish at 150.59. The 40- year JGB yield fell 1.5 basis points to 1.015 percent, ahead of Thursday's sale...

  • *Pound dips vs yen after Manchester blast, steady vs dollar. TOKYO, May 23- The pound slipped against the yen after a suspected terrorist attack at a concert in Britain's city of Manchester, while the euro hovered near a six-month high against the dollar on Tuesday after German Chancellor Angela Merkel said the currency was "too weak." Police said an explosion at the...

  • TOKYO— Sony's leader promised a comeback for the Japanese electronics and entertainment company having its best profitability in two decades. "We are a company that moves people," said Chief Executive Kazuo Hirai, as he outlined the strategy for the company at its Tokyo headquarters Tuesday. He stressed the profitability in sprawling Sony Corp., including its...

  • *Pound sags vs yen after Manchester blast, but steady vs dollar. TOKYO, May 23- The euro hovered near a six-month high against the dollar on Tuesday after German Chancellor Angela Merkel said the currency was "too weak," while the pound sagged against the yen after a blast at a concert in Britain's city of Manchester killed at least 19 people. Police said they were...

  • **NEW YORK- Federal Reserve Bank of Philadelphia President Patrick Harker speaks on the economic outlook before the MNI Connect Roundtable- 2100 GMT. **MINNEAPOLIS- Federal Reserve Bank of Minneapolis President Neel Kashkari holds media Q&A at the Opportunity and Inclusive Growth Institute Conference- 1300 GMT. **MINNEAPOLIS- Federal Reserve Bank of...

  • **NEW YORK- Federal Reserve Bank of Philadelphia President Patrick Harker speaks on the economic outlook before the MNI Connect Roundtable- 2100 GMT. **MINNEAPOLIS- Federal Reserve Bank of Minneapolis President Neel Kashkari holds media Q&A at the Opportunity and Inclusive Growth Institute Conference- 1300 GMT. **MINNEAPOLIS- Federal Reserve Bank of...

  • In Japan the divergence between labor market strength and minimal or negative wage growth is particularly jarring. Yet wage inflation remains moribund, Albert Edwards, global strategist at Societe Generale in London, wrote in a note to clients. Real wages fell in March in Japan at the fastest clip in two years, with inflation-adjusted wages down 0.8 percent...

  • CHICAGO, May 22- Chicago Board of Trade corn and soybean futures rose on Monday morning, supported by concerns that rain will delay field work in key growing areas and may damage some recently seeded crops, traders said. CBOT July corn futures ended up 2-1/ 2 cents at $3.75 a bushel. Soybean futures for July delivery were 3-1/ 2 cents higher at $9.56-1/ 2 a bushel.

  • CHICAGO, May 22- Chicago Board of Trade corn and soybean futures rose on Monday morning, supported by concerns that rain will delay field work in key growing areas and may damage some recently seeded crops, traders said. At 10:42 a.m. CDT, CBOT July corn futures were up 4-1/ 2 cents at $3.77. Soybean futures for July delivery were 5-1/ 2 cents higher at $9.58-1/ 2 a bushel.