Japan, South Korea scramble
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Japan's June core inflation likely slowed but remained above the central bank's 2% target, a Reuters poll showed, keeping it under pressure to resume interest rate hikes as U.S. trade tariffs threaten an already fragile economy.
Japan is likely to seek a telephone conversation between Akazawa and Bessent before the latter arrives and an in-person meeting during the U.S. official's stay, the Yomiuri reported. It may also seek a meeting between Ishiba and Bessent as well, the newspaper reported.
Anxiety over U.S. tariffs has been spreading across Japan, a central bank report shows, sending a worrying signal about the corporate outlook as trade uncertainty deepens.
TOKYO (Reuters) -Japanese Prime Minister Shigeru Ishiba said on Thursday his country needed to wean itself from U.S. dependence in such key areas as security, food and energy, as Tokyo faces the prospect of new U.
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Japan’s automakers slashed the price of products exported to the US at a record pace, in a sign that companies are sacrificing profits to remain competitive as President Donald Trump’s tariffs hit cars.
Japan's June core inflation likely slowed but remained above the central bank's 2% target, a Reuters poll showed, keeping it under pressure to resume interest rate hikes as U.S. trade tariffs threaten an already fragile economy.
Japan is drawing inflows that seek to benefit from 'once-in-a-generation structural reforms” in equities and rising rates in fixed income, said the co-head of Pimco in Japan.