Tokyo stocks rebounded Wednesday, with the Nikkei ending a three-day losing streak, as technology shares gained on easing concerns ov
Giving explicit advance signals, in addition to making the Bank of Japan feel boxed in, could breach Japanese law stipulating the nine-member board must debate and sign off on rate decisions at each policy meeting.
Tokyo-listed companies linked to the AI sector tanked for a second straight day as investors tracked a rout on Wall Street that saw Nvidia Corp crumble 17 percent, wiping more than half a trillion dollars off its market capitalization.
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The Bank of Japan raised its key interest rate to about 0.5% from 0.25% Friday, noting that inflation is holding at a desirable target level.
About 85.7% of Japanese households expect prices to rise a year from now, a quarterly central bank survey in December showed on Friday, roughly unchanged from 85.6% in the previous poll in September.
Bank of Japan board members discussed how to use estimates on the economy's neutral interest rate to determine further hikes in borrowing costs, with one saying the BOJ's policy rate was still far from that level,
Nvidia and other U.S. tech stocks are skittish and flipping between gains and losses a day after tumbling on doubts about whether the artificial-intelligence frenzy really needs all the dollars
Japan's Nikkei snapped a three-day losing run on Wednesday, tracking Wall Street's recovery from a sell-off triggered by Chinese startup DeepSeek's AI model launch, with the focus now on major U.S. earnings and the Federal Reserve's rate decision.
Investors dumped technology stocks in premarket trading Monday, sending U.S. indexes sharply lower after Chinese artificial intelligence startup DeepSeek demonstrated a chatbot that it says rivals the
Nvidia and other U.S. tech stocks are holding steadier but still flipping between gains and losses a day after tumbling on doubts about whether the artificial-intelligence frenzy really needs all