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Japanese government bond yields up sharply on speculation about policy change

“The 10-year yield last stood at 0.075 percent, up 4.5 basis points on the day” writes Yuriko Nakao for cnbc.com. The central bank has been gradually reducing its bond buying since September 2016, when it set a policy target of zero percent in the 10-year JGB yield, relegating its quantitative bond buying target to a secondary role.The 20-year yield rose 6.0 basis points to 0.535 percent, off 1 1/2-year low of 0.475 percent touched earlier this month. Source: cnbc.com Share This:

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China launches probe into stainless steel imports from EU, Japan, South Korea, Indonesia

“BEIJING (Reuters) – China’s Commerce Ministry said on Monday it has launched an anti-dumping probe into imports of stainless steel billet and hot-rolled stainless steel sheet and plate from the European Union, Japan, South Korea and Indonesia” writes Midwest Communications Inc for 95kqds.com. The rapid increase in imports caused real damage to the Chinese market, according to the complaint filed by Shanxi Taigang and released with the commerce ministry document. Source: 95kqds.com Share This:

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Japan official urges caution over Trump’s complaint on strong dollar

“At the meeting, Japan asked China for clarification of its yuan currency policy, seeking factors behind its depreciation” writes Tomohiro Ohsumi for cnbc.com. The U.S. president also lamented the strength of the dollar and accused the European Union and China of manipulating their currencies.Aso voiced concerns at the G20 that acceleration of monetary policy normalization in advanced economies could weaken emerging market currencies and cause capital outflows from countries such as China.That could make Japan vulnerable to criticism of being a currency manipulator as it remains on the U.S. Treasury’s…

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U.S. courts allies with free trade offers at G20, France resists

“The International Monetary Fund (IMF) also warned that the recent wave of trade tariffs would significantly harm global growth” writes Midwest Communications Inc for 95kqds.com. The last G20 finance meeting in Buenos Aires in late March ended with no firm agreement by ministers on trade policy except for a commitment to “further dialogue.”. “If Europe believes in free trade, we’re ready to sign a free trade agreement,” Mnuchin said, adding that such a deal would require the elimination of tariffs, non-tariff barriers and subsidies. Source: 95kqds.com Share This:

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Japan May all industry activity index +0.1% vs 0.0% m/m expected

“The data is often referred to as the monthly GDP reading, it’s a tracker production across all sectors of the Japanese economy and follows the GDP growth figures/trend” reports forexlive.com. Still not an encouraging sign that the Japanese economy is on solid ground right now in 2018. A minor data point though. Source: forexlive.com Share This:

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Japan exports to U.S. fall, business mood sours amid fears of trade war

“With American imports down 2.1 percent, Japan’s trade surplus with the United States widened 0.5 percent year-on-year to 590.3 billion yen ($5.24 billion)” writes Midwest Communications Inc for 95kqds.com. TOKYO (Reuters) – Japan’s exports to the United States fell for the first time in 17 months and Japanese business sentiment soured amid worries about U.S. President Donald Trump’s protectionist trade policies.Thursday’s trade data came on the heels of the Reuters Tankan, which showed business sentiment slipped in July, reflecting companies’ fears about an intensifying trade dispute between the United States…

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EU and Japan reach a deal on seamless user data transfer between European Economic Area and Japan; the deal should come into effect by the end of this year

“The Commission said the decision would mean that personal data could flow from the European Economic Area to Japan, without needing any further safeguards or authorizations” writes Min Read for reuters.com. BRUSSELS (Reuters) – The European Union reached a deal on Tuesday allowing businesses to seamlessly transfer personal data between the bloc and Japan, deepening economic links as the two sides also agree a free-trade pact.However, strict EU data protection rules forbid companies from storing Europeans’ information on servers in countries deemed to have an inadequate level of privacy –…

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Japan shares jump as yen bows to strong dollar

“MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.16 percent and South Korea’s market 0.85 percent” writes Midwest Communications Inc for 95kqds.com. Powell’s support for more rate hikes sent two-year Treasury yields to the highest in nearly a decade and lifted the dollar broadly.SYDNEY (Reuters) – Asian shares followed Wall Street higher on Wednesday as a bullish outlook from the head of the U.S. central bank buoyed the dollar, lifted Tokyo shares to a one-month top and sent gold to a one-year trough.Against a basket of currencies, the dollar…

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