Japan's new prime minister Yoshihide Suga will likely pull out all stops to revive the coronavirus-hit economy but still maintain Shinzo Abe's policies.
Having ridden a short-covering rally sharply higher after the Federal Reserve left interest rates on hold, the U.S. dollar erased virtually all of those gains on Thursday as markets digested the U.S. central bank's policy statement.
Suga, 71, Abe's longtime right-hand man, has pledged to pursue many of Abe's programs, including his signature "Abenomics" economic strategy, and to forge ahead with structural reforms, including deregulation and streamlining bureaucracy.
The dollar slipped on Monday against its major peers, dropping to a two-week low versus the yen, as positive news about a COVID-19 vaccine and a wave of merger and acquisition deals lifted the mood in global equity markets.
Japan's Yoshihide Suga, a long-time ally of outgoing Prime Minister Shinzo Abe, won a ruling Liberal Democratic Party (LDP) leadership election on Monday, paving the way for him to become prime minister in a parliamentary vote this week.
Shares of Japanese conglomerate SoftBank Group soared on Monday following an announcement that the firm is set to sell U.K. chip designer Arm to U.S. chip firm Nvidia.
The dollar's bounce extended on Thursday, as investors trimmed bets against the greenback and sold the euro on concerns that the European Central Bank was worried about its rise.
Outgoing Prime Minister Shinzo Abe's signature economic strategy "Abenomics" made Japan's economy stronger, but left many policy goals unmet.
Japan's Chief Cabinet Secretary, Yoshihide Suga, officially declared on Wednesday he would run for leadership of the ruling Liberal Democratic Party (LDP).
The dollar fell toward multi-year lows against most major currencies on Tuesday as as investors stepped up bets that the Federal Reserve's new policy framework meant U.S. rates would stay lower than rates in other countries.
Buffett's stakes would be valued at roughly $6.25 billion combined, making it the 7th biggest investment in Berkshire's equity portfolio.
Whoever succeeds Shinzo Abe as Japan's next prime minister is set for a "difficult year" ahead, according to Teneo Intelligence's Tobias Harris.
China announced Monday that manufacturing activity expanded in August, with the official manufacturing Purchasing Managers' Index for that month coming in at 51.0, according to the National Bureau of Statistics.
U.S. stock futures rose Friday as the S&P 500 headed for its best August performace since 1986.
U.S. stock futures rose Friday as the S&P 500 headed for its best August performace since 1986.
European stocks closed lower Friday as investors digested a major policy shift by the U.S. Federal Reserve and news that Japanese Prime Minister Shinzo Abe has resigned.
The yen bounced off a two-week low on Friday following news that Prime Minister Shinzo Abe is set to resign.
Shares in Japan slipped on Friday following local media reports the country's Prime Minister, Shinzo Abe, is set to step down. Abe later confirmed his surprise resignation during a Friday press conference after the market close in Japan.
The U.S. dollar gained on Thursday in choppy trading after Federal Reserve Chairman Jerome Powell said, as widely expected, that the U.S. central bank would roll out an aggressive new strategy to lift U.S. employment and inflation.
As poverty rises in Japan, the middle class in the country is slowly eroding away, according to a recent report by Oxford Economics' Shigeto Nagai.
Data also provided by 
