Dollar hovers recent high, supported by higher US yields

The dollar hovered near a four-week high on Wednesday, supported by higher U.S. yields after the United States eased trade restrictions on Chinese telecommunications equipment maker Huawei Technologies. But late on Monday, the United States granted Huawei a licence to buy U.S. goods until Aug. 19. Against the yen, the dollar was largely steady at 110.49 yen, having hit a two-week high of 110.675 during the previous session. The greenback has recovered 1.4% from a three-month trough of 109.02 yen


The dollar hovered near a four-week high on Wednesday, supported by higher U.S. yields after the United States eased trade restrictions on Chinese telecommunications equipment maker Huawei Technologies. But late on Monday, the United States granted Huawei a licence to buy U.S. goods until Aug. 19. Against the yen, the dollar was largely steady at 110.49 yen, having hit a two-week high of 110.675 during the previous session. The greenback has recovered 1.4% from a three-month trough of 109.02 yen
Dollar hovers recent high, supported by higher US yields Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-22
Keywords: news, cnbc, companies, yields, dollar, recent, states, united, trade, touched, hovers, high, higher, supported, yen, huawei, overnight


Dollar hovers recent high, supported by higher US yields

The dollar hovered near a four-week high on Wednesday, supported by higher U.S. yields after the United States eased trade restrictions on Chinese telecommunications equipment maker Huawei Technologies.

The move came as a relief to markets hit by escalating trade tensions between the United States and China, though analysts said sentiment remained fragile with tariff negotiations between the world’s two largest economies yet to produce a durable solution.

“The trade dispute won’t be resolved easily, so the risk-off mood won’t come off all of a sudden. I think market sentiment will rather improve one small step at a time,” said Ayako Sera, market strategist at Sumitomo Mitsui Trust Bank.

Against a basket of key rival currencies, the dollar was last a shade lower at 98.014, having brushed a 3-1/2-week high of 98.134 overnight. The index has risen 1.9% so far this year.

The U.S. Commerce Department blocked Huawei Technologies from buying U.S. goods last week, leading several companies to suspend business with the world’s largest telecoms equipment maker.

Chipmakers, many of which sell to Huawei, bore the brunt of the sell-off.

But late on Monday, the United States granted Huawei a licence to buy U.S. goods until Aug. 19.

Against the yen, the dollar was largely steady at 110.49 yen, having hit a two-week high of 110.675 during the previous session. The greenback has recovered 1.4% from a three-month trough of 109.02 yen touched on Monday last week.

Japan’s exports fell 2.4% in April from a year earlier, down for a fifth straight month, in a sign of weakness in external demand, finance ministry data showed, compared with a 1.8% decrease expected by economists in a Reuters poll.

Sumitomo Mitsui’s Sera said the yen’s weakness overnight was thanks to the higher U.S. Treasury yields, which ticked up in response to the recovery in U.S. equities.

“When yields are rising, it’s natural for the dollar to be bought. I think moves in U.S. yields are really important,” she said.

The 10-year U.S. Treasury note yield was last largely unchanged at 2.423% after moving further off a seven-week low of 2.354% brushed on Thursday during the previous session.

The euro was steady at $1.1162.

The single currency, which has given up 0.9% from this month’s high touched on May 1, has been under pressure in recent weeks on dollar strength and due to concerns the upcoming European parliamentary elections may see euroskeptic parties faring well.

The pound was at $1.2713, hovering near a four-month low of $1.2685 touched overnight. It briefly rose overnight after Prime Minister Theresa May set out a “new deal” for Britain’s departure from the EU, offering sweeteners to Parliament including the chance to vote on whether to hold a second referendum to try to break the impasse over Brexit.

Yet traders doubted that a fractious Parliament would have to back any new referendum.


Company: cnbc, Activity: cnbc, Date: 2019-05-22
Keywords: news, cnbc, companies, yields, dollar, recent, states, united, trade, touched, hovers, high, higher, supported, yen, huawei, overnight


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Sony shares skyrocket after the company announces partnership with Microsoft, share buyback

An attendee uses a Sony PlayStation virtual reality (VR) headset and controllers at the Game Developers Conference in San Francisco, California, U.S., on Wednesday, March 20, 2019. Shares of Japanese conglomerate Sony surged on Friday after the company announced a share buyback of more than $1 billion and a partnership with a major gaming competitor. By the end of the trading day in Tokyo, Sony’s stock soared 9.89%, soaring to levels not seen since December 2018. The jump followed the company’s


An attendee uses a Sony PlayStation virtual reality (VR) headset and controllers at the Game Developers Conference in San Francisco, California, U.S., on Wednesday, March 20, 2019. Shares of Japanese conglomerate Sony surged on Friday after the company announced a share buyback of more than $1 billion and a partnership with a major gaming competitor. By the end of the trading day in Tokyo, Sony’s stock soared 9.89%, soaring to levels not seen since December 2018. The jump followed the company’s
Sony shares skyrocket after the company announces partnership with Microsoft, share buyback Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-17  Authors: eustance huang
Keywords: news, cnbc, companies, worth, partnership, sony, share, billion, shares, company, skyrocket, announces, yen, wrote, sonys, yu, buyback, microsoft


Sony shares skyrocket after the company announces partnership with Microsoft, share buyback

An attendee uses a Sony PlayStation virtual reality (VR) headset and controllers at the Game Developers Conference in San Francisco, California, U.S., on Wednesday, March 20, 2019.

Shares of Japanese conglomerate Sony surged on Friday after the company announced a share buyback of more than $1 billion and a partnership with a major gaming competitor.

By the end of the trading day in Tokyo, Sony’s stock soared 9.89%, soaring to levels not seen since December 2018.

The jump followed the company’s Thursday announcement that it would repurchase up to 4.8% of the total number of shares issued — worth up to 200 billion yen (approx. $1.82 billion). The buyback period will last from May 17, 2019 to March 31, 2020.

“The company is now able to both invest in growth and provide shareholder returns as the level of free cash flow created from businesses increases, and this gives a favorable impression,” Yu Okazaki, an analyst at Nomura, wrote in a note.

The latest developments follow Sony’s first ever share buyback in February.


Company: cnbc, Activity: cnbc, Date: 2019-05-17  Authors: eustance huang
Keywords: news, cnbc, companies, worth, partnership, sony, share, billion, shares, company, skyrocket, announces, yen, wrote, sonys, yu, buyback, microsoft


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Yen firms at 6-week high before China-US trade talks

The Japanese yen rallied to a six-week high against the dollar on Wednesday as growing concerns about the trade dispute between China and the United States prompted investors to take shelter in perceived safe-haven assets. Data out earlier showed China’s trade surplus with the United States, a major irritant for Washington, expanded to $21.01 billion in April from a month ago, a factor that might provoke a hardening stance from U.S. officials. The New Zealand dollar was the other notable loser o


The Japanese yen rallied to a six-week high against the dollar on Wednesday as growing concerns about the trade dispute between China and the United States prompted investors to take shelter in perceived safe-haven assets. Data out earlier showed China’s trade surplus with the United States, a major irritant for Washington, expanded to $21.01 billion in April from a month ago, a factor that might provoke a hardening stance from U.S. officials. The New Zealand dollar was the other notable loser o
Yen firms at 6-week high before China-US trade talks Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-08
Keywords: news, cnbc, companies, trade, dollar, firms, high, strategists, escalation, chinaus, washington, recent, united, 6week, war, yen, states, talks


Yen firms at 6-week high before China-US trade talks

The Japanese yen rallied to a six-week high against the dollar on Wednesday as growing concerns about the trade dispute between China and the United States prompted investors to take shelter in perceived safe-haven assets.

Data out earlier showed China’s trade surplus with the United States, a major irritant for Washington, expanded to $21.01 billion in April from a month ago, a factor that might provoke a hardening stance from U.S. officials.

“The threat of further escalation in the tariff war becomes real again and at the moment, it is just impossible to assign any probability to any scenario, positive or negative,” Societe Generale strategists said in a daily note.

Focus is on trade talks on Thursday and Friday in Washington, where Chinese Vice Premier Liu will try to salvage a deal that would avoid a sharp increase in tariffs on Chinese goods scheduled to take effect on Friday.

The prospects of an escalation rather than a resolution of the spat between the U.S. and China has seen the yen gain in recent days, with the currency up 0.22 percent against the dollar at 110.0 yen, taking its gains to more than 1 percent so far this month.

The New Zealand dollar was the other notable loser overnight after the central bank cut benchmark cash rates to 1.5 percent from 1.75 percent.

The kiwi was last off 0.1 percent, recovering somewhat after falling to $0.6525 in the immediate aftermath of the rate cut, its lowest since last November.

Elsewhere, the euro was up 0.13 percent at $1.1204, but holding within recent ranges as currency traders were still undecided on the inflationary outlook for the euro zone economy and the latest developments on the trade war front.

“The European Central Bank is likely to keep a close eye on the renewed escalation of the trade war as the real economic consequences could be considerable, affecting its monetary policy,” Commerzbank strategists said.

The pound fell for a third day, edging down 0.43 percent to $1.3018.


Company: cnbc, Activity: cnbc, Date: 2019-05-08
Keywords: news, cnbc, companies, trade, dollar, firms, high, strategists, escalation, chinaus, washington, recent, united, 6week, war, yen, states, talks


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Yen stronger against dollar, volatility bets jump on tariff threats

The U.S. dollar weakened against the Japanese yen on Tuesday as foreign exchange traders sought out safe-haven assets and placed bets on increasing currency volatility after President Donald Trump threatened to impose additional tariffs on Chinese goods. The demand for yen bolstered the volatility index measuring moves in and out of the Japanese currency. The Chicago Board Options Exchange’s Japanese Yen Volatility Index was last up 12.67%. The British Pound Volatility Index was last up 3.52%. T


The U.S. dollar weakened against the Japanese yen on Tuesday as foreign exchange traders sought out safe-haven assets and placed bets on increasing currency volatility after President Donald Trump threatened to impose additional tariffs on Chinese goods. The demand for yen bolstered the volatility index measuring moves in and out of the Japanese currency. The Chicago Board Options Exchange’s Japanese Yen Volatility Index was last up 12.67%. The British Pound Volatility Index was last up 3.52%. T
Yen stronger against dollar, volatility bets jump on tariff threats Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-07
Keywords: news, cnbc, companies, dollar, investors, jump, higher, index, volatility, exchange, stronger, chinese, yen, bets, foreign, threats, tariff, japanese


Yen stronger against dollar, volatility bets jump on tariff threats

The U.S. dollar weakened against the Japanese yen on Tuesday as foreign exchange traders sought out safe-haven assets and placed bets on increasing currency volatility after President Donald Trump threatened to impose additional tariffs on Chinese goods.

The yen was trading at its strongest since March 28, last at half a percent better on the day at 110.20 per dollar. The Swiss franc and longer-dated Treasury bond prices were also buoyed as investors moved into high-quality assets.

“The primary story continues to be the U.S.-China trade agreement. Everyone is focused on that,” said Thierry Wizman, global interest rates and currencies strategist at Macquarie Group.

The demand for yen bolstered the volatility index measuring moves in and out of the Japanese currency. The Chicago Board Options Exchange’s Japanese Yen Volatility Index was last up 12.67%.

The price on other currency-related volatility products also rose. The euro index was up 4.75% on Tuesday and up 11.17% from Friday. The British Pound Volatility Index was last up 3.52%.

“Given investors have been selling volatility since January, they have probably sold more than they wanted and are now scrambling in the opposite direction,” said Wizman.

Traders are “trying to cover their short volatility plays, trying to protect themselves with some optionality, sending foreign exchange vols higher and obviously sending the dollar higher against some of the key pairs,” he added.

Trump tweeted on Sunday that he would raise tariffs on $200 billion worth of Chinese goods to 25% from 10% by the end of the week and would “soon” target the remaining Chinese imports with tariffs.

But top Chinese negotiator Vice Premier Liu He will head to Washington this week for talks, and some investors have interpreted Trump’s threat as a negotiating tactic.

Although volatility indexes were higher, most moves in currencies were muted. After a bout of nerves Monday immediately following Trump’s comments, foreign exchange traders expressed no fresh panic on Tuesday at the prospect of a breakdown in negotiations between China and the United States.

“As long as the talks continue, the market will remain relaxed … that there will be a deal after all,” said Esther Reichelt, currency analyst at Commerzbank.

The offshore yuan on Monday had been on course for its worst daily drop in 10 months, briefly touching a four-month low of 6.8218, but it later recovered some of those losses while remaining under pressure. It was last down 0.43% at 6.801 yuan per dollar.

The dollar index was 0.08% higher, last at 97.60, with the dollar 0.10% stronger against the euro at $1.118 .


Company: cnbc, Activity: cnbc, Date: 2019-05-07
Keywords: news, cnbc, companies, dollar, investors, jump, higher, index, volatility, exchange, stronger, chinese, yen, bets, foreign, threats, tariff, japanese


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Dollar index hovers at 23-month peak

Most major currencies held in tight ranges on light trading volume as Japan began its extended Golden Week holiday. “You have a lot of economic data later this week from around the world. An index that tracks the greenback against the euro, yen, sterling and three other currencies was down 0.16% at 97.85. The dollar index failed to move higher after data that showed U.S. consumer spending gaining 0.9% in March, marking its biggest monthly increase in more than 9-1/2 years. Since the Fed’s March


Most major currencies held in tight ranges on light trading volume as Japan began its extended Golden Week holiday. “You have a lot of economic data later this week from around the world. An index that tracks the greenback against the euro, yen, sterling and three other currencies was down 0.16% at 97.85. The dollar index failed to move higher after data that showed U.S. consumer spending gaining 0.9% in March, marking its biggest monthly increase in more than 9-1/2 years. Since the Fed’s March
Dollar index hovers at 23-month peak Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-29
Keywords: news, cnbc, companies, hovers, trading, data, 23month, dollar, peak, major, increase, economic, currencies, week, yen, index


Dollar index hovers at 23-month peak

The dollar was marginally lower against a basket of currencies on Monday, hovering near a 23-month high, as traders await more data to convince them whether to add to their bullish positions in the greenback.

Most major currencies held in tight ranges on light trading volume as Japan began its extended Golden Week holiday. China will observe its Labor Day holiday from Wednesday to Friday. A Federal Reserve policy meeting, Brexit negotiations and a raft of global data including U.S. payrolls could each be the trigger for big currency swings this week.

“You have a lot of economic data later this week from around the world. People are waiting to see if there is a lot of major shifts,” said Chuck Tomes, associate portfolio manager at Manulife Asset Management in Boston.

A swathe of manufacturing surveys from Europe and China are due later this week, along with a first reading on EU GDP.

The U.S. payrolls report on Friday is forecast to show a solid increase of 185,000 jobs in April, with unemployment at 3.8%.

An index that tracks the greenback against the euro, yen, sterling and three other currencies was down 0.16% at 97.85. Last week, it reached 98.330, the highest since May 2017.

The euro was 0.32% higher at $1.1184, while the dollar was up 0.12% at 111.71 yen. The dollar index failed to move higher after data that showed U.S. consumer spending gaining 0.9% in March, marking its biggest monthly increase in more than 9-1/2 years.

The core personal consumption expenditure price index, on the other hand, did not change in March, leaving its year-over-year increase at 1.6%, the smallest rise in 14 months.

Traders await clues on the Fed’s global economic outlook as the central bank’s policymaking board meets on Tuesday and Wednesday. Analysts do not anticipate any major changes from Fed officials who signaled last month they would not raise interest rates in 2019.

Since the Fed’s March meeting, U.S. economic data has shown the expansion has remained intact despite some slowing since late 2018.

Last Friday, the government said first-quarter gross domestic product grew at a 3.2% pace, but the figure was bolstered largely by a surge in inventories and exports. Speculators raised their long dollar positions to $37.21 billion last week, the highest level since December 2015, according to U.S. Commodity Futures Trading Commission data released late Friday.


Company: cnbc, Activity: cnbc, Date: 2019-04-29
Keywords: news, cnbc, companies, hovers, trading, data, 23month, dollar, peak, major, increase, economic, currencies, week, yen, index


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The Nintendo Switch’s cycle could be longer than normal: Analyst

The Nintendo Switch’s cycle could be longer than normal: Analyst3:26 AM ET Fri, 26 April 2019Kazunori Ito of Ibbotson Associates Japan weighs in on Nintendo’s earnings and share price. He also explains why his target price for the stock is around 49,000 Japanese yen.


The Nintendo Switch’s cycle could be longer than normal: Analyst3:26 AM ET Fri, 26 April 2019Kazunori Ito of Ibbotson Associates Japan weighs in on Nintendo’s earnings and share price. He also explains why his target price for the stock is around 49,000 Japanese yen.
The Nintendo Switch’s cycle could be longer than normal: Analyst Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-26
Keywords: news, cnbc, companies, analyst, share, normal, stock, price, nintendo, yen, weighs, target, longer, switchs, cycle, nintendos


The Nintendo Switch's cycle could be longer than normal: Analyst

The Nintendo Switch’s cycle could be longer than normal: Analyst

3:26 AM ET Fri, 26 April 2019

Kazunori Ito of Ibbotson Associates Japan weighs in on Nintendo’s earnings and share price. He also explains why his target price for the stock is around 49,000 Japanese yen.


Company: cnbc, Activity: cnbc, Date: 2019-04-26
Keywords: news, cnbc, companies, analyst, share, normal, stock, price, nintendo, yen, weighs, target, longer, switchs, cycle, nintendos


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Nintendo in China is a ‘big deal,’ says Jefferies

Nintendo in China is a ‘big deal,’ says Jefferies3:20 AM ET Mon, 22 April 2019Nintendo is the “Disney of games,” says Atul Goyal of Jefferies. He explains why he has a buy rating and a price target of 65,600 yen for the stock.


Nintendo in China is a ‘big deal,’ says Jefferies3:20 AM ET Mon, 22 April 2019Nintendo is the “Disney of games,” says Atul Goyal of Jefferies. He explains why he has a buy rating and a price target of 65,600 yen for the stock.
Nintendo in China is a ‘big deal,’ says Jefferies Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-22
Keywords: news, cnbc, companies, stock, price, deal, nintendo, yen, rating, goyal, target, games, jefferies320, china, jefferies, big


Nintendo in China is a 'big deal,' says Jefferies

Nintendo in China is a ‘big deal,’ says Jefferies

3:20 AM ET Mon, 22 April 2019

Nintendo is the “Disney of games,” says Atul Goyal of Jefferies. He explains why he has a buy rating and a price target of 65,600 yen for the stock.


Company: cnbc, Activity: cnbc, Date: 2019-04-22
Keywords: news, cnbc, companies, stock, price, deal, nintendo, yen, rating, goyal, target, games, jefferies320, china, jefferies, big


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Tokyo court grants bail to ex-Nissan Chairman Ghosn after more than 3 months in jail

A Tokyo court on Tuesday granted bail to Carlos Ghosn, the ousted chairman of Nissan Motor Co Ltd who is fighting charges of financial misconduct, after more than three months in detention, Ghosn’s lawyer said. Japanese public broadcaster NHK reported that bail for Ghosn, who has been has been in custody at a detention center in Tokyo, was set at 1 billion yen ($8.94 million), and that he could be released as early as Tuesday. Ghosn has been in custody since his initial arrest in late November o


A Tokyo court on Tuesday granted bail to Carlos Ghosn, the ousted chairman of Nissan Motor Co Ltd who is fighting charges of financial misconduct, after more than three months in detention, Ghosn’s lawyer said. Japanese public broadcaster NHK reported that bail for Ghosn, who has been has been in custody at a detention center in Tokyo, was set at 1 billion yen ($8.94 million), and that he could be released as early as Tuesday. Ghosn has been in custody since his initial arrest in late November o
Tokyo court grants bail to ex-Nissan Chairman Ghosn after more than 3 months in jail Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-05  Authors: marlene awaad, bloomberg, getty images
Keywords: news, cnbc, companies, grants, court, tokyo, yen, nissan, exnissan, bail, chairman, ghosns, detention, custody, wrongdoingthe, jail, ghosn, months


Tokyo court grants bail to ex-Nissan Chairman Ghosn after more than 3 months in jail

A Tokyo court on Tuesday granted bail to Carlos Ghosn, the ousted chairman of Nissan Motor Co Ltd who is fighting charges of financial misconduct, after more than three months in detention, Ghosn’s lawyer said.

Japanese public broadcaster NHK reported that bail for Ghosn, who has been has been in custody at a detention center in Tokyo, was set at 1 billion yen ($8.94 million), and that he could be released as early as Tuesday.

Ghosn has been in custody since his initial arrest in late November over allegations he under-reported his compensation at Nissan for nearly a decade through 2018. He also has been charged with aggravated breach of trust.

The ex-chairman of Nissan, Mitsubishi Motors and France’s Renault has denied wrongdoing.

The court decision comes a day after the head of Ghosn’s newly appointed legal team, said he was optimistic the detained executive could win bail with a promise to submit to surveillance.


Company: cnbc, Activity: cnbc, Date: 2019-03-05  Authors: marlene awaad, bloomberg, getty images
Keywords: news, cnbc, companies, grants, court, tokyo, yen, nissan, exnissan, bail, chairman, ghosns, detention, custody, wrongdoingthe, jail, ghosn, months


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Japan’s central bank says it’s ready to ramp up stimulus if a strong yen derails inflation target

Bank of Japan Governor Haruhiko Kuroda said on Tuesday the central bank was ready to ramp up stimulus if sharp yen rises hurt the economy and derail the path towards achieving its 2 percent inflation target. “If (currency moves) are having an impact on the economy and prices, and if we consider it necessary to achieve our price target, we’ll consider easing policy,” he said. Kuroda made the remarks in response to a question by an opposition lawmaker on whether the BOJ had the necessary tools to


Bank of Japan Governor Haruhiko Kuroda said on Tuesday the central bank was ready to ramp up stimulus if sharp yen rises hurt the economy and derail the path towards achieving its 2 percent inflation target. “If (currency moves) are having an impact on the economy and prices, and if we consider it necessary to achieve our price target, we’ll consider easing policy,” he said. Kuroda made the remarks in response to a question by an opposition lawmaker on whether the BOJ had the necessary tools to
Japan’s central bank says it’s ready to ramp up stimulus if a strong yen derails inflation target Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: akio kon, bloomberg, getty images
Keywords: news, cnbc, companies, remarks, inflation, tools, policy, central, yen, derails, sharp, ramp, economy, ready, japans, target, stimulus, easing, boj, impact, strong


Japan's central bank says it's ready to ramp up stimulus if a strong yen derails inflation target

Bank of Japan Governor Haruhiko Kuroda said on Tuesday the central bank was ready to ramp up stimulus if sharp yen rises hurt the economy and derail the path towards achieving its 2 percent inflation target.

But he said the BOJ would carefully weigh the benefits and costs of any further policy easing, suggesting that the hurdle for topping up stimulus would be high given how financial institutions’ profits have been hurt by years of near-zero interest rates.

“Currency moves could have an impact on the economy and prices, so it’s crucial we take into account these factors when guiding monetary policy,” Kuroda told parliament.

“If (currency moves) are having an impact on the economy and prices, and if we consider it necessary to achieve our price target, we’ll consider easing policy,” he said.

Kuroda made the remarks in response to a question by an opposition lawmaker on whether the BOJ had the necessary tools to boost stimulus to counter the pressure from a sharp yen rise.

The dollar received a mild lift versus the yen after Kuroda’s remarks. It stood little changed at 110.655 yen after dipping as low as 110.45 earlier in the day.

Kuroda repeated that possible monetary easing tools the BOJ could deploy included cutting short- and long-term interest rates, expanding asset buying or accelerating the pace of money printing.

“Whatever we do, however, we need to carefully balance the benefits and the costs of the step such as the impact on financial intermediation and market functioning.”


Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: akio kon, bloomberg, getty images
Keywords: news, cnbc, companies, remarks, inflation, tools, policy, central, yen, derails, sharp, ramp, economy, ready, japans, target, stimulus, easing, boj, impact, strong


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SoftBank’s Masayoshi Son may have become billions richer in one day

SoftBank Group Founder and Chief Executive Masayoshi Son, already one of Asia’s richest men, may have just added billions into his pocket from Thursday’s trading session. SoftBank’s stock ended Thursday’s session in Japan at 9,962.0 yen per share, a 17.73 percent gain over its last close at 8462.0. Son owned 231,205,000 shares in the Japanese conglomerate as of Sept. 30, 2018, according to the company’s website. If that number is still accurate, then that would mean Thursday’s stock move made So


SoftBank Group Founder and Chief Executive Masayoshi Son, already one of Asia’s richest men, may have just added billions into his pocket from Thursday’s trading session. SoftBank’s stock ended Thursday’s session in Japan at 9,962.0 yen per share, a 17.73 percent gain over its last close at 8462.0. Son owned 231,205,000 shares in the Japanese conglomerate as of Sept. 30, 2018, according to the company’s website. If that number is still accurate, then that would mean Thursday’s stock move made So
SoftBank’s Masayoshi Son may have become billions richer in one day Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-07  Authors: eustance huang, kazuhiro nogi, afp, getty images
Keywords: news, cnbc, companies, day, billions, billion, son, share, softbanks, yen, shares, thursdays, trading, stock, richer, website, masayoshi, softbank


SoftBank's Masayoshi Son may have become billions richer in one day

SoftBank Group Founder and Chief Executive Masayoshi Son, already one of Asia’s richest men, may have just added billions into his pocket from Thursday’s trading session.

SoftBank’s stock ended Thursday’s session in Japan at 9,962.0 yen per share, a 17.73 percent gain over its last close at 8462.0.

Son owned 231,205,000 shares in the Japanese conglomerate as of Sept. 30, 2018, according to the company’s website. If that number is still accurate, then that would mean Thursday’s stock move made Son about 346.81 billion yen ($3.15 billion) richer.


Company: cnbc, Activity: cnbc, Date: 2019-02-07  Authors: eustance huang, kazuhiro nogi, afp, getty images
Keywords: news, cnbc, companies, day, billions, billion, son, share, softbanks, yen, shares, thursdays, trading, stock, richer, website, masayoshi, softbank


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