Reuters

By Leika Kihara and Takahiko Wada

TOKYO (Reuters) -The Bank of Japan must avoid raising interest rates to combat a weak yen, as higher borrowing costs would hit consumption and services inflation, Tsutomu Watanabe, a former central bank official and an expert on price trends, told Reuters.

The BOJ ended eight years of negative interest rates and other remnants of its radical stimulus in March on prospects that rising wages will underpin... (continue reading...)

(Reuters) - Apple apologized on Thursday after an advertisement for its latest iPad Pro model sparked criticism by showing an animation of musical instruments and other symbols of creativity being crushed, Ad Age magazine reported.

"Our goal is to always celebrate the myriad of ways users express themselves and bring their ideas to life through iPad. We missed the mark with this video, and we’re sorry,” Ad Age quoted the iPhone maker as saying.

(Reuters) -The Biden administration is set to announce new China tariffs next week that target strategic sectors including electric vehicles, batteries and solar equipment, Bloomberg News reported on Thursday.

The full announcement, scheduled for Tuesday, is also expected to largely maintaining existing levies, the report said, citing people familiar with the matter.

The measures could invite retaliation from China at a time of heightened... (continue reading...)

By Vidya Ranganathan

SINGAPORE (Reuters) - The U.S. dollar had a soft tone in early Asian trading on Friday after losing ground overnight to the euro and sterling on the back of U.S. data showing further signs of a cooling labour market and hence higher odds of Fed rate cuts this year.

Against the Japanese yen, the dollar was trading at 155.39 yen, down from highs of 155.95 hit in the previous session. The euro stood at $1.0782, after a... (continue reading...)

By Anton Bridge and Joyce Lee

TOKYO/SEOUL (Reuters) - SoftBank CEO Junichi Miyakawa said on Thursday that the Japanese telecommunications firm is in talks with South Korea's Naver over control of LY Corp, which operates the popular messaging app Line.

Naver said last week that "very unusual" administrative guidance from the Japanese government over a data leak last year required it to reduce its control of LY Corp, which is majority... (continue reading...)