News Summary: Japan's leader defends 'Abenomics'

News Summary: Japan's PM Abe, top leaders defend economic strategies as roiled markets settle

DEFENSE: Japan's leaders defended the economic strategies championed by Prime Minister Shinzo Abe a day after Tokyo stocks suffered their worst loss since the 2011 tsunami disaster.

BETTER COMMUNICATION: Bank of Japan Gov. Haruhiko Kuroda acknowledged a need for better communication with financial markets and the need for careful handling of aggressive monetary policies aimed at breaking the world's third-largest economy free of deflation, or falling prices, that has hobbled growth by slowing investment and consumer spending.

STANDING FIRM: Kuroda, Abe and other officials said they will stick to the "Abenomics" program of extreme monetary stimulus, government spending and reforms aimed at reviving growth after two decades of stagnation.

 
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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.2642-0.00-0.08%
    USDSGD=X
    1.63530.00+0.00%
    EURSGD=X
    1.9123-0.00-0.07%
    GBPSGD=X
    80.0309-0.67-0.83%
    SGDJPY=X
    6.14100.00+0.00%
    SGDHKD=X
    2.4003-0.00-0.02%
    SGDMYR=X
    7,732.16260.00+0.00%
    SGDIDR=X
    4.85160.00+0.00%
    SGDCNY=X
    1.22010.00+0.00%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,385.50-6.30-0.45%
    GCM13.CMX
    22.32-0.19-0.84%
    SIN13.CMX
    100.58-1.27-1.24%
    ^XAU
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    0.89-0.01
    ^FVX
    2.01-0.01
    ^TNX
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    ^TYX

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    Most Actives
    NamePriceChange% Chg
    1.925-0.26-11.70%
    C52.SI
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    5RJ.SI
    0.196-0.00-0.51%
    I26.SI
    0.115-0.00-4.17%
    5HC.SI
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    5GC.SI
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    S48.SI
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    543.SI
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    Z75.SI
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    H20.SI
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    NamePriceChange% Chg
    0.102-0.03-24.44%
    O57.SI
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    5HW.SI
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    C52.SI