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debt ECB Economy Japan Top News United States 

Bond supply set to turn positive as central banks eye end of easy money

July 27, 2017 By Ritvik Carvalho and Dhara Ranasinghe LONDON (Reuters) – A scaling back of central bank cash injections into the world economy could lead next year to the first glut in sovereign debt issuance from major economies in four years. It would also push up borrowing costs by creating a larger pool from which to buy. The U.S. Federal Reserve has said it will begin cutting its bond holdings this year and the European Central Bank is expected to start scaling back its 2.3 trillion euro bond-buying stimulus…

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Business Economy HIROSHIMA Japan policy Top News 

Japanese firms avoiding price hikes now but sentiment is changing: BOJ’s Nakaso

July 26, 2017 By Stanley White HIROSHIMA, Japan (Reuters) – Bank of Japan Deputy Governor Hiroshi Nakaso said the services sector has streamlined operations to avoid passing labor costs on to consumers, but there are signs that companies will raise prices in the future. Nakaso, in a speech to business leaders in Hiroshima, western Japan, also expressed confidence that inflation will reach the BOJ’s 2 percent price target around fiscal 2019 and said the BOJ should stick with its quantitative easing program. A pickup in consumer spending, rising exports and…

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BMW Chunichi Shimbun energy Japan Tech Top News 

Toyota set to sell long-range, fast-charging electric cars in 2022: paper

July 25, 2017 TOKYO (Reuters) – Toyota Motor Corp is working on an electric car powered by a new type of battery that significantly increases driving range and reduces charging time, aiming to begin sales in 2022, the Chunichi Shimbun daily reported on Tuesday. Toyota’s new electric car, to be built on an all-new platform, will use all-solid-state batteries, allowing it to be recharged in just a few minutes, the newspaper said, without citing sources. By contrast, current electric vehicles (EVs), which use lithium-ion batteries, need 20-30 minutes to recharge…

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China Economy IMF Japan Top News U.S. 

IMF maintains global growth forecasts; China, eurozone revised higher

July 24, 2017 KUALA LUMPUR (Reuters) – The International Monetary Fund kept its growth forecasts for the world economy unchanged for this year and next, although it revised up growth expectations for the eurozone and China. In an updated World Economic Outlook published on Monday, the IMF said global gross domestic product would grow 3.5 percent in 2017 and 3.6 percent in 2018, unchanged from estimates issued in April. “While risks around the global growth forecast appear broadly balanced in the near term, they remain skewed to the downside over…

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consumer Economy Japan month PMI Top News 

Japan manufacturing growth dips to eight-month low as export orders stall: flash PMI

July 24, 2017 TOKYO (Reuters) – Growth in Japan’s manufacturing activity slowed for the second straight month in July, a preliminary private survey showed on Monday, as export demand stagnated. The Markit/Nikkei Japan Flash Manufacturing Purchasing Managers Index (PMI) fell to 52.2 in July on a seasonally adjusted basis from a final 52.4 in June. The reading was an eight-month low, but remained well above the 50 threshold that separates expansion from contraction for the 11th consecutive month. “The slowdown was driven by stagnation in export orders, amid reports of…

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bank BOJ Economy Japan policy Top News 

BOJ pushes back inflation target for sixth time, keeps policy steady

July 20, 2017 By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) – The Bank of Japan kept monetary policy steady on Thursday but once again pushed back the timing for achieving its ambitious inflation target, reinforcing views that it will lag well behind other major central banks in scaling back its massive stimulus program. With robust exports and private consumption pointing to a steady though modest recovery, the Japanese central bank slightly raised its growth forecasts and offered a more upbeat view of the world’s third-largest economy than last month….

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BOJ Economy Japan JGB Top News YCC 

Global policy shift exposes BOJ yield curve control flaw

July 12, 2017 By Leika Kihara TOKYO (Reuters) – Bank of Japan policymakers see little to cheer in successfully defending their yield target as European and U.S. central banks start to pull the plug on ultra-cheap money, casting doubt on their view that global bond yield gains will be short-lived. Rising global yields forced the Japanese central bank to rev up bond buying last Friday to cap 10-year Japanese government bond (JGB) yields around its zero percent target, putting it at odds with its counterparts eyeing an exit from ultra-loose…

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Business Japan Taiwan Foxconn Western Digital Corp 

Toshiba talking with Western Digital, Foxconn about chip unit sale: sources

July 11, 2017 By Taro Fuse TOKYO (Reuters) – Toshiba Corp told its creditor banks it is in talks with Western Digital Corp and Taiwan’s Foxconn over the $18 billion sale of its prized chip unit in addition to its preferred bidder, banking sources familiar with the matter said on Tuesday. The crisis-wracked conglomerate later confirmed it was in talks with other suitors as it had not been able to reach an agreement by its self-imposed deadline of June 28. It did not name the suitors. Toshiba’s preferred bidder group…

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Economy government Japan month spending Top News 

Japan’s May machinery orders unexpectedly fall, government downgrades outlook

July 10, 2017 By Minami Funakoshi TOKYO (Reuters) – Japan’s core machinery orders unexpectedly tumbled in May on persistent weakness in the services sector, and the government downgraded the outlook for orders for the first time in eight months, raising doubts about the strength of the economic recovery. The result is also particularly surprising given recent signs of an upswing in momentum. It suggests policymakers will have their work cut out in their quest to foster sustainable growth – especially if businesses show reluctance to invest, though some analysts caution…

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Business Japan Tech Top News U.S. Western Digital Corp 

Toshiba seeks dismissal of Western Digital injunction request over chip unit

July 4, 2017 TOKYO (Reuters) – Toshiba Corp has asked a U.S. court to dismiss a Western Digital Corp request for an injunction to prevent a sale of the Japanese firm’s chip business, saying the court has no jurisdiction and that an injunction would cause irreparable harm. Western Digital, which jointly runs Toshiba’s main semiconductor plant, has claimed that its partner has breached joint venture contracts as it pursues an $18 billion sale of the unit and is seeking an injunction to prevent any deal without its consent.[nL3N1JC082] In its…

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