Notizia

Bank of Japan Governor Haruhiko Kuroda said on Friday an expected, near-term rise in inflation would lack sustainability as it will be driven mostly by energy costs, stressing the need to keep monetary policy ultra-loose.

TOKYO (Reuters) -Bank of Japan Governor Haruhiko Kuroda said recent sharp yen moves were undesirable, echoing comments by the finance minister in a sign policymakers were focusing on the speed of moves in gauging the impact of the currency's slump on the economy.

JERA, Japan's biggest power generator, said on Friday it had agreed to buy all stakes in two thermal power stations in the United States with a total capacity of 1.63 gigawatts from investment firm Stonepeak for an undisclosed sum.

Gold prices held ground near a three-month low on Friday as the strongest dollar in two decades continued to sap demand for greenback-priced bullion, setting up what could be the metal's fourth consecutive weekly fall.

Asian shares found some footing after a volatile session for U.S. equities, but the dollar remained at 20-year highs and global stocks near 18-month lows on worries about persistently high inflation and tightening central banks.

Japanese Finance Minister Shunichi Suzuki said on Friday recent sharp yen moves were undesirable, repeating his warning to markets against pushing down the currency too much.

The yen held most of its overnight gains on Friday, after falling U.S. yields and market jitters propped up the Japanese currency while another Wall Street selloff drove flight-so-safety bid to dollar, which remains near 20-year high peaks.

More than 10 investment funds are considering making strategic proposals, including a potential buyout, to Toshiba Corp after the Japanese conglomerate said it would solicit deal offers, national broadcaster NHK reported on Friday.