TOKYO (Reuters) - Bank of Japan Governor Kazuo Ueda said on Thursday the central bank will scrutinise the yen's recent declines in guiding monetary policy.
"Sharp, one-sided yen falls are negative for the economy and therefore undesirable," as it makes it difficult for companies to set business plans, Ueda told parliament.
"If currency volatility affects, or risks affecting, trend inflation, the BOJ must respond with monetary policy," he... (continue reading...)
By Stella Qiu
SYDNEY (Reuters) - Asian shares were subdued on Thursday as investors awaited China trade data to gauge the health of the Chinese economy, while the yen steadied after three days of declines as Japan talked up a potential currency intervention.
Later in the day, the Bank of England (BoE) will decide its interest rate policy, with all eyes on the prospects of a June rate cut following the overnight move by Sweden's Riksbank... (continue reading...)
By Milounee Purohit
BENGALURU (Reuters) - India's consumer price inflation is likely to have eased to 4.80% in April, just shy of March's rate as food inflation remains sticky, according to economists polled by Reuters.
While headline inflation has moderated in recent months, food prices, which account for nearly half the consumer price index (CPI) basket, have remained elevated, squeezing household budgets.
With parts of... (continue reading...)
(Reuters) - Huawei's new high-end Pura 70 smartphone series quickly sold out after it was launched last month with analysts touting it as another Apple iPhone challenger and adding to signs of how the Chinese firm is beating back against U.S. curbs.
The Pura series developed by the Shenzhen-headquartered company has advanced cameras and is known for its sleek design. In comparison, the Mate 60 series, that marked Huawei's reentry into the high-end... (continue reading...)
By Jarrett Renshaw, Nidal al-Mughrabi and Mohammad Salem
WASHINGTON/CAIRO/RAFAH, Gaza Strip (Reuters) - U.S. President Joe Biden for the first time publicly vowed to withhold weapons from Israel if its forces make a major invasion of Rafah in southern Gaza while negotiations in Cairo on a ceasefire plan for the enclave were due to continue on Thursday.
“I made it clear that if they go into Rafah ..., I’m not supplying the weapons,"... (continue reading...)
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