BOJ Struggles to Convince on 2% as Abenomics Shine Fades

Half a year after Bank of Japan Governor Haruhiko Kuroda unleashed record monetary easing, economists see the bank failing to meet its inflation target, underscoring the case for stronger steps to revive the economy.

Asia currencies gain as Cyprus bailout fears hurt euro

Asian currencies have continued to strengthen as uncertainty over the developments in Cyprus hurt the euro.

Euro Rallies to Highest Since 2011 as ECB Balance Sheet Shrinks

The euro touched the highest level against the dollar in 14 months as the European Central Bank’s balance sheet contracted while the Federal Reserve said it would continue pumping money into the U.S. economy.

Stocks Stir After Holiday

Stocks were slightly higher on Wall Street on Wednesday, ahead of the resumption of negotiations over the federal budget in Washington.