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Asian Shares End On Muted Note; Nikkei Outperforms
Hedge Funds Sold Japanese Stocks at Fastest Rate in Five Years During Recent Nikkei Crash, Goldman Sachs Says
Express News | Japan June Total Cash Earnings +4.5% Yr/Yr, Fastest Rise Since Jan 1997 - Govt
Express News | Japan June Inflation-Adjusted Real Wages +1.1 % Yr/Yr, 1St Rise in 27 Months - Govt
Express News | Japan June Overtime Pay +1.3% Yr/Yr - Govt
Continued decline due to the Bank of Japan's additional interest rate increase and the sluggish trend in crude oil prices.
Overview of last week from July 29th to August 2nd. Canadian Dollar-Yen peaked at 112.1 yen, bottomed at 105.608 yen, and ended at 105.652 yen, down 4.93% from the previous week's close. It continued to fall due to the Bank of Japan's additional rate hikes and the sluggish crude oil market. May monthly domestic production (GDP) showed better than expected growth, but the Bank of Japan decided to increase interest rates and reduce purchases of government bonds, and Governor Haruhiko Kuroda showed a positive attitude towards further interest rate hikes, causing rapid appreciation of the yen and a fall in the Canadian dollar against the yen. The U.S.-China
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