By Gregor Stuart Hunter
SINGAPORE, Feb 9 (Reuters) - The yen extended a string of recent losses in early Asian trading on Monday after Japanese Prime Minister Sanae Takaichi swept to victory in Sunday's election, easing the path to further fiscal stimulus.
The yen slid as much as 0.3% to 157.72 yen against the dollar, its seventh consecutive day of decline, to reach its weakest level in two weeks.
Takaichi is projected to... (continue reading...)
TOKYO, Feb 9 (Reuters) - Japanese Prime Minister Sanae Takaichi's coalition swept to a historic election win on Sunday, handing her a mandate to follow through on a pledge to cut taxes and reflate the economy through spending.
COMMENTARY:
SKYE MASTERS, HEAD OF MARKETS RESEARCH, NATIONAL AUSTRALIA BANK, SYDNEY:
"The view is you're probably going to see Japanese stocks up, but a weaker yen and possibly higher JGB... (continue reading...)
Feb 8 (Reuters) - U.S. President Donald Trump on Sunday congratulated Japanese Prime Minister Sanae Takaichi on her coalition's election win, wishing her "great success in passing your Conservative, Peace Through Strength Agenda" in a social media post.
Takaichi, Japan's first female leader, swept to a historic election win on Sunday, paving the way for promised tax cuts that have spooked financial markets and military spending aimed at... (continue reading...)
Feb 8 (Reuters) - Elon Musk said on Sunday that SpaceX has shifted its focus to building a “self‑growing city” on the Moon, which he said could be achieved in less than 10 years.
"That said, SpaceX will also strive to build a Mars city and begin doing so in about 5 to 7 years, but the overriding priority is securing the future of civilization and the Moon is faster," Musk added in an X post.
(Reporting by Abu... (continue reading...)
TOKYO, Feb 9 (Reuters) - Japan's real wages shrank in December for a 12th consecutive month, as nominal pay growth slightly undershot slowing consumer inflation, labour ministry data showed on Monday.
Wage trends are among the most important data factors for the Bank of Japan (BOJ) to decide the next interest hike, after a December hike of 25bp to 0.75%.
* Inflation-adjusted real wages, a key gauge of consumerpurchasing power, fell 0.1% in... (continue reading...)More Reuters
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