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BOJ holds the line and yen slides, Asia stocks find footing | The Asahi Shimbun: Breaking News, Japan News and Analysis

SINGAPORE--The Japanese yen slipped on Friday after the Bank of Japan (BOJ)stuck to ultra-easy monetary policy and made no changes to its outlook, while stocks and bonds were kept under pressure as investors hunkered down for U.S. interest rates to stay high.
Hong Kong New Zealand General New Zealand Craig Ebert Kazuo Ueda Ray Attrill
Source: asahi.com

tom westbrook: Asian stocks at 10-month low as traders brace for BOJ

The S&P 500 dropped 1.6% overnight and is down 2.7% in a week when policymakers were at pains to sound hawkish, even if a peak in rates is near. Federal Reserve officials lifted their 2024 rates projections, forcing investors to dial back bets on cuts next year and driving two-year yields above 5.2%.
New Zealand General New Zealand Andrew Bailey Craig Ebert Kazuo Ueda Swiss National Bank

Stocks slide as higher-for-longer sinks in; yen drops on BOJ

Stocks eyed their worst week in a month on Friday and Treasuries hit decade lows as investors hunkered down for U.S. interest rates to stay high for some time, while the yen was pinned near an 11-month trough after the Bank of Japan left short-term rates below zero. Benchmark 10-year U.S. Treasury yields hit a 16-year high of 4.508% in Tokyo. The Bank of Japan (BOJ), as expected, maintained super-low interest rates and left its outlook and yield control policy unchanged to signal it was in no ...
New Zealand General New Zealand United Kingdom Edmund Klamann Kim Coghill Neel Kashkari
Source: yahoo.com

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