Yen Weakens, European Stocks Decline After BOJ Raises Rates
The BOJ hiked rates 25 bps to 1.25%, but dovish dissents disappointed markets. The yen weakened, stocks fell, and oil and bond yields remained elevated.
China's August retail sales rose 0.4% year-on-year, missing the 0.6% expectations, while industrial production beat forecasts.
Further information and analysis will follow shortly.
Fixed asset investment for the year to date (August) dropped 7.2% compared with the same period last year.
Retail sales in August were 0.4% higher year-on-year.
Industrial output expanded 5.2% annually in August.
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The BOJ hiked rates 25 bps to 1.25%, but dovish dissents disappointed markets. The yen weakened, stocks fell, and oil and bond yields remained elevated.
ECB President Lagarde says interest rates do not automatically follow energy prices, stressing a meeting-by-meeting approach.
ECB President Christine Lagarde said “we'll see” when asked whether she would leave in October 2027, keeping early-exit speculation alive.
BOJ Governor Ueda highlighted spring wage talks for FY2027 as key for inflation trends, and said policy will not be swayed by board changes.