Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
The final week of August could be highly volatile as markets fret over the economy and the latest developments in trade wars.Market Insiderread more
Federal Reserve Vice Chair Richard Clarida said Friday that the global economy has deteriorated in the past month.Marketsread more
The latest escalation in the trade war ups the odds the economy will fall into recession and that the Fed will aggressively cut rates.Market Insiderread more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread more
Recent trade friction between the two Asian powerhouses has morphed into a dispute with political implications that go far beyond the region.Asia Politicsread more
"My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?" Trump wrote amid a series of tweets that rattled markets Friday.Politicsread more
"I would love this to be clarified. We come to a deal on trade, boy, this market is up 10 to 15%, but without it's going to be worrisome," Jeremy Siegel says.Marketsread more
Tesla solar energy systems reportedly ignited at an Amazon warehouse in Redlands, California last June, and the Seattle e-commerce titan confirmed that it has no further plans...Technologyread more
TOKYO, Aug 9 (Reuters) - Japanese government bond prices gained sharply on Friday, with yields hitting three-year lows, on broad concerns about the U.S.-China trade war, even as the Bank of Japan cut its purchase of long-dated bonds to deter excessive falls in yields.
The BOJ cut its buying of Japanese government bonds with 10 to 25 years to maturity by 20 billion yen ($188.8 million) to 160 billion yen, from 180 billion yen in previous operations since July.
The move came as the 10-year Japanese government bond yields fell below minus 0.200%.
The BOJ has said it roughly defines its policy target of "around zero percent" for the 10-year yield as 20 basis points above or below zero percent.
The cut in JGB purchase on Friday is considered to be a technical move to keep the 10-year yields in line with the current target.
Still reducing asset purchase at a time when many central banks in the world are easing their monetary policies highlights the BOJ's lack of policy ammunition after building up a massive balance sheet and cutting interest rates to negative levels.
Benchmark 10-year JGB futures rose 0.32 point to a record close of 154.73, extending gains even after the BOJ's operation.
Although U.S. Treasuries fell on Thursday as calm returned to U.S. equity markets, many investors are flocking to the safety of bonds as they see no clear end to U.S.-China trade woes, which intensified further this week.
The 10-year JGB yield fell 3 bps to minus 0.225%, a three-year low. On the week, it was down 5 bps, the biggest fall since December.
The 20-year JGB yield fell 3.5 bps to 0.095%, while the 30-year JGB yield fell 4 bps to 0.220%. For the week, they were down 8.5 and 10 bps respectively, both the biggest drop in about three years.
At the shorter end of the market, the five-year JGB yield fell 2 bps to a three-year low of minus 0.305%, while the two-year JGB yield fell 3 bps to a 2-1/2-year low of minus 0.275%. (Reporting by Tokyo Markets Team; Editing by Shounak Dasgupta and Subhranshu Sahu)