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What Will Japan s New Prime Minister Mean for the Economy? – The Diplomat

What Will Japan s New Prime Minister Mean for the Economy? – The Diplomat
thediplomat.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thediplomat.com Daily Mail and Mail on Sunday newspapers.

A stock market correction may be right around the corner

A stock market correction may be right around the corner
kitv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kitv.com Daily Mail and Mail on Sunday newspapers.

Japanese shares gain on upbeat earnings, benign Fed

Article content “Powell’s press conference was well balanced and left the Fed with the flexibility to act according to economic data, fiscal stimulus and virus developments,” said John Vail, chief global strategist at Nikko Asset Management in Tokyo. “Financial markets did not react very much to the result, and the yen remained relatively stable, which is helpful to Japan’s economy and financial markets.” Positive earnings outweighed concerns about the worsening pandemic, after daily coronavirus cases hit a record high in Japan and its capital city. Nissan Motor gained 7% after the carmaker reported a surprise first-quarter operating profit and raised its outlook, forecasting a return to net profit after two consecutive years of losses.

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