LONDON The yen hit an 18-month high on Friday as investors wagered the Bank of Japan might be done adding fresh stimulus to the economy, culminating in a sharp rise on the week that dragged stocks around the world lower.
Recent Japan News
SYDNEY The Bank of Japan's shock decision this week not to provide additional stimulus to the struggling Japanese economy has prompted some investors and traders to bet that policy makers are out of bullets, clearing the path for further gains in the yen.
TOKYO Japan's Sharp Corp , taken over by Taiwan's Foxconn earlier this month, said it would buy back 25 billion yen (159 million pounds) in preferred shares that it issued to a corporate turnaround fund last year in exchange for a bailout.
TOKYO/FRANKFURT Four weeks into Japan's power market shakeup aimed at boosting choice and energy security, the utility at the center of the 2011 nuclear crisis has borne the brunt of consumer defections, with nearly 470,000 users switching electricity providers.
TOKYO Japanese fund managers slightly raised overall stock allocations and trimmed exposure to bonds in their model portfolios in April as sentiment towards riskier assets recovers globally, a Reuters survey found on Friday.
U.S. stocks closed down on Thursday as the Bank of Japan's shocking call to cap monetary stimulus continued to rattle investors while a late day decline in Apple shares on remarks by billionaire investor Carl Icahn added to selling pressure.