The share of economists predicting the Federal Reserve will reduce bond buying in December doubled after a government report showed back-to-back monthly payroll gains of 200,000 or more for the first time in almost a year.
Japanese Prime Minister Shinzo Abe called for a summit with Chinese President Xi Jinping to reset relations after an escalation in bilateral tensions, invoking a 2006 visit to Beijing during his first administration.
Asian stocks fell this week, with the regional benchmark gauge declining the most since August, amid concern improving U.S. economic data will spur the Federal Reserve to pare stimulus as soon as this month.
The yen fell against all of its 16 major peers as investors sought riskier assets and concern mounted that inflation will fall short of the Bank of Japan’s 2 percent goal, spurring more monetary easing.
Suntory Beverage & Food Ltd., the Japanese drinks maker that had Asia’s biggest initial public offering in 2013, plans to hold off on acquisitions for a year as it integrates past deals and bolsters existing operations.
Prime Minister Shinzo Abe secured final passage of a bill granting Japan’s government sweeping powers to declare state secrets, a measure aimed at shoring up defense ties with the U.S. that prompted a public backlash and revolt by the opposition.
Japan gave its strongest signal yet that it wishes to keep nuclear power following the meltdown in Fukushima almost three years ago, shifting away from the previous government’s intention to phase out the technology.