Japanese Finance Minister Shunichi Suzuki said on Tuesday that the government would take all possible steps necessary to respond to currency moves, repeating his usual mantra that excessive swings were undesirable.
The U.S. Federal Reserve left interest rates on hold last week and a benign jobs report on Friday reinforced wagers that there may not be any more U.S. hikes in this cycle.
The earnings season also continues with Apple, Airbnb, McDonald s, Moderna and Eli Lilly & Co among the many reporting this week. Results so far have been underwhelming, contributing to the S&P 500 s retreat into correction territory at 4,117.
International Business News: Most markets rose Wednesday after China unveiled plans for $137 billion in extra debt to boost infrastructure spending, while oil extended losses on h
MSCI s broadest index of Asia-Pacific shares outside Japan fell 0.4% to its lowest since November, with Australian shares also hitting an 11-month trough and South Korea s Kospi back from a break with a 1.8% fall.