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TOKYO -- The world's developing countries were expected to pay a record $150 billion-plus in interest on external debt in 2023 and again in 2024, according to the World Bank, raising concerns over the potential effect on the global economy.
WASHINGTON/TOKYO -- A yen sell-off and its effect on inflation loom large over the Bank of Japan less than a week before its first policy board meeting since ending its negative interest rates in March.
WASHINGTON -- Top finance officials from the U.S., Japan and South Korea expressed shared concerns over the recent weakness in the yen and the won at their first trilateral meeting Wednesday, vowing to maintain close communication over volatility in the currency market.
TOKYO -- Countries across the globe are becoming increasingly wary of the growing might of the U.S. dollar. Emerging economies such as Indonesia have begun to move to defend their currencies against the possibility of renewed inflation and downward pressure on growth through higher import prices.
TOKYO -- Seven central banks will join with private-sector lenders to test the use of "tokenized" money on a digital ledger for faster, cheaper international transactions, which could mark a step toward a new settlement system.
TOKYO -- The Japanese government faces mounting pressure to streamline its finances following the Bank of Japan's decision to end negative rates, with interest payments on bonds seen potentially tripling over the next decade.