TIBOR

Tokyo’s core CPI rose 0.8% in July but offered little comfort to the BOJ as it struggles to reach its elusive 2% target.

China gingerly raised a key short-term interest rate on Thursday following the U.S. Federal Reserve Bank’s move overnight, in a symbolic reminder that Beijing is keeping an eye on global market trends even as it cracks down on financial risks at home.

Economic talks between the United States and Japan, tackling topics from persimmons and potatoes to energy and infrastructure, have helped keep Tokyo clear of protectionist moves such as those that recently hit Chinese solar panels and South Korean washers.

The Federal Reserve’s next interest rate increase will mark a key milestone as the era of cheap dollars draws to a close