Erica Yokoyama

Japanese Finance Minister Satsuki Katayama is set to remain in her position in an upcoming cabinet reshuffle, according to local media reports, a decision that would back her handling of the economy, the currency and a restructuring of the budget process.

Her government has promised to review and cut back on unnecessary spending programs and is trying to incorporate more forward-looking investment into the budget.

Japan likely sold a portion of its holdings of foreign securities, including US Treasuries, to finance its record currency intervention over the past month.

Tokyo’s holdings of foreign securities fell by $87.8 billion at the end of August from a month earlier, close to the scale of the recent intervention.

Japanese workers’ nominal wages rose at the fastest pace in nearly three decades on the back of strong corporate earnings and a tight labor market, in data likely to keep the Bank of Japan on course for further monetary tightening.

(Bloomberg) -- Japanese workers' nominal wages rose at the fastest pace in nearly three decades on the back of strong corporate earnings and a tight

Japanese Finance Minister Satsuki Katayama mostly refrained from commenting on recent remarks by Treasury Secretary Scott Bessent, although she noted that the secretary’s reference to himself as “the house” sounded a little frightening when translated into Japanese.

Chubu Electric Power Co.’s top two executives are set to step down over the falsification of safety data used in regulatory reviews to restart some of its nuclear reactors, according to local media.

AI executives’ calls to slow development of the technology are likely to weigh on chipmaker and supply-chain stocks in the near term, but will probably have limited long-term impact as spending on computing infrastructure remains strong, market watchers say.

(Bloomberg) -- AI executives' calls to slow development of the technology are likely to weigh on chipmaker and supply-chain stocks in the near