logo

Yen Strengthens Slightly on Signs of Japan's Inflation Picking Up

0036 GMT — The yen strengthens slightly against most other G-10 and Asian currencies on signs of Japan's inflation picking up, which could back the case for further BOJ rate hikes. Data released earlier showed consumer prices excluding volatile fresh food rose 3.5% in April from a year earlier, compared with March's 3.2% increase. However, U.S. tariffs on Japan's imports will probably generate a 'deflationary impulse' in Japan unless they can be negotiated away, CBA's Joseph Capurso says in a research report. 'Therefore, the BOJ's next rate hike is uncertain,' the head of International and Sustainable Economics adds. USD/JPY edges 0.1% lower to 143.82; AUD/JPY is down 0.1% at 92.24. (ronnie.harui@wsj.com)

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Indian Depository NSDL Is Said to Plan $400 Million IPO for July
Indian Depository NSDL Is Said to Plan $400 Million IPO for July

Bloomberg

time9 minutes ago

  • Bloomberg

Indian Depository NSDL Is Said to Plan $400 Million IPO for July

National Securities Depository Ltd. is pressing ahead with its plan for an initial public offering that is expected to raise about $400 million, according to people familiar with the matter. The proposed listing of India's oldest depository, which was initially cleared by the market regulator in October last year, is now slated to take place as soon as July, according to the people, who asked not to be named as the information is private.

General Mills Is Said to Weigh Sale of China Häagen-Dazs Stores
General Mills Is Said to Weigh Sale of China Häagen-Dazs Stores

Bloomberg

time27 minutes ago

  • Bloomberg

General Mills Is Said to Weigh Sale of China Häagen-Dazs Stores

General Mills Inc. is considering selling its Häagen-Dazs ice-cream stores in China, according to people familiar with the situation, as the US food company faces challenges with sales in the country. Minnesota-based General Mills is working with an adviser on the potential disposal — a process that could begin this year, the people said, asking not to be identified discussing private information. It may seek several hundred million dollars for the assets, the people said.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store