Japanese opposition leader warns the central bank twice a week: should wait at least six months before raising interest rates.
Japan's ruling party, the Liberal Democratic Party, is seeking support from the opposition leader who warned the Bank of Japan in an interview not to raise interest rates prematurely, stating that the central bank should wait at least six months before raising rates until there are signs that wage growth can sustainably outpace inflation.
Swiss inflation drops to the lowest level in three years, the central bank is determined to cut interest rates in December.
In October, the inflation rate in swiss franc decreased to the lowest level in more than three years, indicating that the Swiss National Bank will further cut interest rates in both this year and 2025.
The yen strengthened and the stock market fell, double blow to Japan's retirement fund GPIF encountered its largest quarterly loss since 2020.
japan's GPIF suffered its largest loss since 2020 in Q3 2024, mainly due to the yen rebound leading to a decrease in overseas securities earnings and a fall in the Japanese stock market.
Bank of Japan Likely to Stay Course With a Rate Hike in December or January, Analysts Say
Iran says it will give Israel an unimaginable response, US oil rises more than 2%, the yen rises 1%, and the gold price rebounds.
According to Axios, Iran is preparing to launch a large-scale retaliatory action against Israel from Iraq. According to CCTV International News, on October 31 local time, the commander-in-chief of the Iranian Islamic Revolutionary Guard Corps, Salami, stated during an event that Iran will give Israel an 'unimaginable response.'
Japan Shares Decline After Central Bank Keeps Rates Steady, Investors Eye US Elections