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Exclusive: Japan government to cut inflation forecasts, gloomier on outlook than BOJ

July 12, 2016 by · Leave a Comment 

Japan's government is expected to cut its consumer inflation forecast for the current fiscal year and produce an estimate for fiscal 2017 that is much lower than the central bank's 2 percent target, government sources told Reuters on Tuesday. In draft forecasts to be finalised on Wednesday, the…

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Exclusive: Japan government to cut inflation forecasts, gloomier on outlook than BOJ

pulling-further

Global shares gain as Brexit tensions ease amid stimulus hopes

July 12, 2016 by · Leave a Comment 

Europe's STOXX 600 rose 0.5 percent, helped by gains in Daimler and Unicredit , while sterling jumped 1.1 percent against the dollar, pulling further from a 31-year low hit last week. In Britain, interior minister Theresa May was set to become prime minister on Wednesday, offering some relief from the political uncertainty that has dogged the market since the country voted to leave the European Union last month. “U.S. real interest rates are now negative.

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Global shares gain as Brexit tensions ease amid stimulus hopes