The yen plunges to 34-year low despite interest rate hike 
Industry shutdowns are messy and painful: 4 lessons Australia’s coal sector can learn from car-makers about bowing out 
Food prices will climb everywhere as temperatures rise due to climate change – new research 
Be wary of the ‘vibes’: positive investor sentiment doesn’t necessarily match the true value of stocks 
Why is toddler milk so popular? Follow the money 
The idea that US interest rates will stay higher for longer is probably wrong 
Industrialisation is still vital to economic development but some countries are struggling to reap its benefits 
Taxes aren’t just about money – they shape how we think about each other 
How cuts to marginal income tax could boost the UK’s stagnant economic growth 
The Japanese government bonds remained almost unnerved Tuesday even after the Bank of Japan (BoJ) released its July monetary policy meeting minutes. The minutes confirmed that the central bank’s targeted 2 percent inflation seems quite far till now and seemed to clap along its policy decision to hold back the timing for the achievement of its inflation goal.
The benchmark 10-year bond yield, which moves inversely to its price, traded flat at 0.07 percent, the long-term 30-year bond yields also hovered around 0.87 percent and the yield on the short-term 2-year note remained tad higher at -0.11 percent by 03:50 GMT.
In the latest July monetary policy meeting minutes, the BoJ policymakers said the central bank needed to clearly explain how it would manage policy and what impact it would have on the central bank's finances. However, several members said consumer prices were still far from the central bank's 2 percent inflation target, and disclosing information about a proposed exit too soon could cause market turbulence, Reuters reported.
The IMF in its latest global GDP growth forecasts from the World Economic Outlook for 2017 and 2018, said that it expected slightly higher growth in Japan this year to 1.3 percent from a forecast of 1.2 percent in April, citing stronger first-quarter growth buoyed by private consumption, investment and exports. Its forecast for Japan's 2018 growth was unchanged at 0.6 percent.
Meanwhile, Japan’s Nikkei 225 fell 0.07 percent to 19,961.00 by 03:50GMT, while at 03:00GMT and the FxWirePro's Hourly Yen Strength Index remained neutral at 33.75 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest
