Reuters Asia Business

By Leika Kihara TOKYO (Reuters) – A rapid decline in the yen and market distortions caused by current monetary settings have raised the political heat on the Bank of Japan as it becomes increasingly isolated in a world of hawkish-leaning central banks. Opposition lawmakers are grilling the BOJ regularly for allowing the currency to weaken …

Analysis-BOJ’s dovish isolation draws public heat ahead of leadership change Read More »

By Sam Nussey TOKYO (Reuters) – Japanese conglomerate Sony Group Corp said it is well-positioned to play a leading role in the metaverse, or immersive virtual worlds, which commentators speculate will massively disrupt industries and establish new powerhouses. The metaverse is a vague term encapsulating the idea that consumers will spend more time in online …

Sony readies for metaverse revolution with cross-platform push Read More »

By Howard Schneider and Balazs Koranyi WASHINGTON (Reuters) – Global central banks hoping that high inflation would ease through improving global supply chains saw little relief through April as new coronavirus lockdowns in China and the war in Ukraine lengthened delivery times and drove costs higher, new analyses from the New York Federal Reserve and …

Central banks’ hopes for supply chain miracle may be dashed by China, Ukraine Read More »

(Reuters) – The war in Ukraine and drought fuelled by climate change has sent global prices for grains, cooking oils, fuel and fertilizer soaring. Rising prices for basic food staples is fuelling protests from Indonesia to Iran. European wheat prices have jumped 74% and benchmark palm oil futures went up 24% since January. The trend …

Factbox-Surging food prices fuel protests across developing world Read More »

By Asif Shahzad ISLAMABAD (Reuters) – Pakistan opened much delayed talks with the International Monetary Fund (IMF) on Wednesday to resume a seventh review of the $6 billion rescue package agreed in 2019. “Talks with the IMF mission started today,” a statement from the finance ministry said. It said a team led by Finance Minister …

Pakistan opens talks with IMF to resume suspended funds for battered economy Read More »

By Gaurav Dogra (Reuters) – Emerging Asia ex-China bonds witnessed foreign outflows for a second straight month in April, due to higher U.S. yields and concerns over strict coronavirus lockdowns in China. Overseas invesstors disposed a combined net total of $2.35 billion in South Korea, Thai, Indian, Indonesian and Malaysian bonds last month, data from …

Foreign selling in Asian bonds extends as U.S. yields surge Read More »