Some Bank of Japan board members were concerned that excessive currency volatility could disrupt corporate business plans, minutes of the bank's April meeting showed, highlighting the challenge for policymakers from the yen's sharp declines.
Gathering on the sidelines of the 50th session of the United Nations Human Rights Council, the Yemen Coalition of Independent Women and its partner organizations, including The Washington Outsider, addressed the nexus between the human rights violations by the Iran-backed Houthi militias in Yemen and the security risks to the region and the international community.
The Japanese yen plunged on Tuesday to the lowest since October 1998, as the Bank of Japan's ultra-loose monetary policy stance continued to weigh. The yen dropped 0.8% to a 24-year low of 136.18 per dollar, extending losses after the Bank of Japan on Friday dashed any mild expectations of a change in policy and continued to stand alone in its commitment to ultra-easy monetary settings.
Japanese Prime Minister Fumio Kishida said on Tuesday the central bank should maintain its ultra-loose monetary policy, brushing aside opposition calls that the policy be tweaked to target Japan's rising cost of living.
Floodwaters inundated more of Bangladesh and northeast India on Tuesday, officials said, as authorities struggled to reach more than 9.5 million people stranded with little food and drinking water after days of intense rain.
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Copper prices slipped on Tuesday, as
aggressive rate hikes impacting global growth and a spike in
COVID-19 cases in top consumer China raised demand concerns,
although an expected strike in top ...
The Australian dollar edged up a fraction after remarks from the central bank governor pointing to more rate hikes down under, but fears of slowing global growth capped gains, while the Japanese yen retested a 24-year low. More broadly, investors in currency markets remain heavily focused on central bank action globally and the prospect of aggressive interest rate rises.
Japanese government bond yields on Tuesday tracked European yields higher, although a smooth five-year note auction capped the rise. The 10-year JGB yield ticked up 0.5 basis point to 0.235% by 0515 GMT, but well below the Bank of Japan's 0.25% implicit ceiling for the security, which it tested repeatedly last week.
* Sharp yen falls 'worrying' - PM Kishida. * FX, monetary policy must be dealt with separately - Kishida. * Finance minister repeats warning over weak yen. By Tetsushi Kajimoto and Leika Kihara.
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