Asia's economic calendar is jammed with top-tier releases on Tuesday, from Chinese purchasing managers index data to third quarter GDP figures from Hong Kong and Taiwan, but one stands above all others - the Bank of Japan's policy meeting.
Speculation that the BOJ will act ramped up on Monday after Nikkei, citing sources close to the matter, reported that policymakers may further tweak YCC to allow the 10-year Japanese Government Bond yield to rise above 1%. But it is still up 17% year-to-date thanks to a stunning 27% rally in the January-June period that saw it scale a 33-year high close to 34,000 points, as many investors bet that Japan Inc was back after years - decades - in the doldrums.
The question now is, how much of that is firmly in the rear-view mirror? And how far and how powerfully might the elastic snap back if a paradigm shift is underway and domestic borrowing costs keep on rising?
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Swiss National Bank adjusts interest on bank depositsExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »
Marketmind: Markets hold their nerve amid Mid East troubleExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »
Marketmind: Fed week hopes for ailing small capsAnother Monday bounce in world markets sets up a Fed-dominated week ahead - although the U.S. central bank may not yet have a great deal to offer stock and...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Marketmind: Markets hold their nerve amid Mid East troubleIt's been a cautious start in Asian markets as Israeli troops backed by tanks pressed into northern Gaza with a ground assault that drew increased...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
European Stocks Rise as Investors Focus on Central Bank Meetings and Economic DataEuropean stock indexes rose as investors awaited central bank meetings and economic data, including the Bank of Japan, U.S. Federal Reserve, and Bank of England meetings, as well as Chinese manufacturing data and U.S. jobs data. The earnings season also continues with major companies reporting this week.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Dollar Eases as Traders Await Central Bank Meetings and Economic DataThe U.S. dollar eases as traders look ahead to major central bank meetings and economic data releases this week, including the Bank of Japan's monetary policy meeting, interest rate decisions from the U.S. Federal Reserve and the Bank of England, and various economic indicators.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »