TOKYO—Bank of Japan (BOJ) Governor Haruhiko Kuroda on Monday warned of “very high uncertainty” over the economic outlook and stressed anew the central bank’s readiness to ramp up stimulus as needed to underpin a fragile recovery. The remarks reinforce market expectations the BOJ will remain an outlier among a global wave of central banks raising…
Bank of Japan Governor Warns of High Economic Uncertainty, Repeats Easy Policy Bias
Japan’s Wholesale Inflation Stays Near Record on Ukraine War, Weak Yen
April 13, 2022
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Asia & PacificBusiness & Economyeconomic policieseconomyEuropeinflationMarketsRussia-Ukraine WarUkraine crisisWorldyen
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TOKYO—Japan’s wholesale inflation remained near record-high levels in March as the Ukraine crisis and a weak yen pushed up fuel and raw material costs, data showed on Tuesday, adding strains to the resource-poor economy heavily reliant on imports. While rising wholesale prices will help accelerate consumer inflation toward the central bank’s elusive 2 percent target,…
Gold Set for Biggest Quarterly Gain in Nearly 2 Yrs on Ukraine Crisis, Inflation Fears
Gold on Thursday was headed for its biggest quarterly gains since the coronavirus pandemic-led surge in mid-2020 as concerns over soaring consumer prices and the Ukraine crisis bolstered bullion’s safe-haven appeal. Spot gold XAU= was up 0.4 percent at $1,940.95 per ounce by 12:22 p.m. EDT (1622 GMT). For the month, bullion was up about…
Blinken Assures UAE Leader of US Defence Help Over Houthi Attacks, Iran
March 30, 2022
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Abu Dhabi Crown Prince Mohammed bin Zayed Al NahyanAntony BlinkenBusiness & Economyeconomic policieseconomyEuropeInternationalMarketsRussia-Ukraine WarUkraine crisisUnited Arab EmiratesWorld
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RABAT—U.S. Secretary of State Antony Blinken sought to assure Gulf monarchies on Tuesday that Washington is determined to help them fend off attacks from the Iran-aligned Houthi group in Yemen. Blinken met with Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed al-Nahyan, de facto ruler of the United Arab Emirates, in Morocco as part of…
BOJ’s Kuroda Sees Inflation Remaining Short of 2 Percent Target
March 17, 2022
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Bank of JapanBusiness & Economyeconomic policieseconomyEuropeinflationMarketsRussia-Ukraine WarUkraine crisisWorld
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TOKYO—Japan is unlikely to see inflation hitting a central bank target of 2 percent, even accounting for rising energy costs, Bank of Japan Governor Haruhiko Kuroda said on Thursday, making the case for keeping monetary policy ultra-easy. His remark highlights the widening divergence between the BOJ’s dovish stance and the U.S. Federal Reserve, which raised…
BMW Joins Other Carmakers in Ukraine Crisis Output Warning
March 17, 2022
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BERLIN—BMW cut its car division’s 2022 profit margin forecast on Wednesday, the latest automaker to warn of problems from ongoing chip shortages and new supply chain disruptions as a result of Russia’s invasion of Ukraine. It now expects an earnings before interest and taxation (EBIT) margin of 7–9 percent for its car business rather than…
Japan Consumers’ Inflation Expectations Hit Record High in March: Survey
March 17, 2022
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Business & Economyeconomic policieseconomyEuropeinflationMarketsRussia-Ukraine WarUkraine crisisWorld
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TOKYO—Japanese consumers’ inflation expectations hit a record high in March, a government survey showed on Wednesday, as people’s perceptions of future price moves were affected by surging energy and food costs blamed on the Ukraine crisis. While heightening inflation expectations could help the Bank of Japan (BOJ) achieve its elusive 2 percent price target, there…
Ukraine War Creates Wheat Crisis in Middle East and North Africa, China Looking to Take Advantage
March 15, 2022
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Russia’s war with Ukraine is creating worries of a potential global wheat supply crunch, with countries in the Middle East especially standing to lose the most due to their dependence on the two nations for the staple. Russia and Ukraine combined account for 29 percent of global wheat exports, with the Middle East being a…
China Should Learn ‘Lessons,’ Think Twice Before Attacking Its Neighbors: US General
March 15, 2022
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ChinaChinese RegimeEuropeGlobal ExpansionRussia-Ukraine WarSpecial TopicsTaiwanUkraine crisisVladimir PutinWorldXi Jinping
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Gen. Kenneth Wilsbach, commander of the U.S. Pacific Air Forces (PACAF), said Russia’s invasion of Ukraine should give China some pause about attacking its neighbors, if the communist regime really learns some “key lessons” from the war. The biggest lesson should be the “solidarity” of the international community in opposing the invasion and the crippling…
‘Time to Pick Sides’: CCP State Council Advisor Censored for Urging Distance from Russia
March 15, 2022
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ChinaChinese RegimeEuropeInternational RelationsRussia sanctionsRussia-UkraineRussia-Ukraine WarUkraine crisisUS-China relationsWorld
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A policy advisor for the Chinese Communist Party’s (CCP’s) State Council who called for China to distance itself from Russia’s war in Ukraine in an article had his article censored across the Chinese web a few hours after its publication. Hu Wei, vice-chairman of the Public Policy Research Centre of the Counsellor’s Office of the State…
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