Page 79 - Eco News Today

The Bank of Japan (BOJ) may raise short-term interest rates early next year if sustained wage growth becomes a real prospect, Tsutomu Watanabe, an academic who participated in a key government panel on economic policy, told Reuters.

A look at the day ahead in Asian markets from Jamie McGeever.

Turkey's lira tumbled on Wednesday to a fresh record low against the dollar as President Tayyip Erdogan prepared to decide the shape of his new cabinet and the direction of economic policy after an election triumph.

A look at the day ahead in European and global markets from Sonali Desai

Japan's factory output unexpectedly fell in April, government data showed on Wednesday, as production machinery orders slowed amid weakening global demand, casting doubts about recovery in the world's third-largest economy.

Japanese Prime Minister Fumio Kishida instructed his government on Wednesday to set aside around 3.5 trillion yen ($26 billion) in the annual budget for child care, Economy Minister Shigeyuki Goto said, which was slightly more than previously estimated.

Indian shares fell on Wednesday after hitting five-month highs for three sessions in a row, as caution set in ahead of the U.S. Congress's approval of the debt deal and fresh concerns about China's stuttering economic recovery weighed on the sentiment.

Most major Gulf stock markets fell in early trading on Wednesday, as lower oil prices and weaker-than-expected Chinese economic data soured sentiment, while Dubai edged up.

China's factory activity shrank faster than expected in May on weakening demand, heaping pressure on policymakers to shore up a patchy economic recovery and knocking Asian financial markets lower.

Turkish lira implied volatility gauges climbed on Wednesday with the one-year measure rising to 45.46% - its highest in at least a decade and a half, data from Fenics showed.