Japan CBI, Bank of Japan

3 hours before

Amazon to invest $15 billion in Japan to expand cloud infrastructure

Amazon Web Services has announced 2.26 trillion yen ($15.24 billion) investment To meet the growing customer demand for cloud services in Japan by 2027.

Tadao Nagasaki, president of AWS Japan, said the investment will be in existing cloud infrastructure in Tokyo and Osaka. A Linkedin post.

Nagasaki wrote that the investment would benefit “multiple verticals” that contribute to Japanese industries in the public and government sectors.

“It will help more Japanese companies to access and adopt new, emerging and transformative digital technologies such as artificial intelligence and machine learning,” he added.

– Lim Hui Jee

7 hours ago

Asia's chipmakers are buoyed by TSMC forecasting strong growth in 2024

Chip stocks in Asia rose a day earlier on the back of AI-related demand, following an upbeat annual forecast from a Taiwanese semiconductor manufacturer.

TSMC shares rose 4.42%, while South Korea's memory chipmakers Samsung Electronics and SK Hynix rose 3.21% and 2.42%, respectively.

TSMC forecasts 2024 will be a “healthy growth year” due to demand for 3-nanometer and 5-nanometer technologies and the AI ​​boom. This comes after a challenging year for chipmakers amid adverse global macroeconomic conditions and an inventory adjustment cycle.

“TSMC is positioned to benefit [AI]. There is an insatiable appetite for low-power, high-performance chips that can run AI in devices,” said Daniel Newman, principal analyst at Futurum Research, on CNBC's “Squawk Box Asia.”

– Sheila Chiang

6 hours ago

Morgan Stanley does not expect the BOJ to end negative interest rates at its January meeting

“Wage negotiations will be very strong this year. Last year, the headline increase was around 3.6% but 3.7% [this year] “We expect closer to 4% in terms of headline wage growth,” Yamaguchi said, adding that he believes this is key for the BOJ to end its negative interest rate policy.

The BOJ is set to release its monetary policy decision on Tuesday, with markets widely expecting the central bank to stick with its current stance.

Friday's data also showed Japan's core inflation The rate fell to 2.6% in December, its lowest level since June 2022. It was also 2.8% in November.

– Shreyashi Sanyal

6 hours ago

Japan's shift to wage-driven inflation could be positive for its stocks: Schroders

Japan's inflation is increasingly driven by wages rather than input costs, which Schroders says will be positive for the country's stocks and its economy.

Masaki Taketsume, fund manager at Schroders, told CNBC's “Squawk Box Asia” that the country's inflation rate eased to 2.6% in December from 2.8% in November, a result of lower input costs.

However, spring wage negotiations, or “Shundo”, in March are expected to bring “a positive effect” in terms of wage increases, leading to a moderate increase in inflation to 3% in the second half, he said. year.

“[This will be] Led by wage growth, that's what the Bank of Japan expects,” Taeksum said.

– Lim Hui Jee

9 hours ago

Japan's inflation eases to 2.6% in December, core inflation steady

Japan's core inflation The rate fell to 2.6% in December from 2.8% in November and hit the lowest level since June 2022.

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Japan's core inflation rate – which strips out fresh food prices – fell to 2.3% from November's figure of 2.5%, in line with the expectations of economists polled by Reuters.

The so-called “core-core” inflation rate, which strips out fresh food and energy prices and is closely watched by the Bank of Japan, was 3.7%, slightly lower than the 3.8% seen in November.

– Lim Hui Jee

10 hours ago

CNBC Pro: Here's Morgan Stanley's 'punishment list' of global dividend stocks

16 hours ago

18 S&P 500 names hit new highs, including AMD, Nvidia, Boston Scientific, Domino's Pizza

Chipmakers Advanced Micro Devices and Nvidia were among several other S&P 500 names that hit 52-week highs on Thursday. AMD traded at highs not seen since the company's IPO in September 1972, while Nvidia shares were at levels not seen since January 1999. Other tech and software companies, industry names and a couple of hotel chains also hit new highs.

Here are some of the names that hit the all-time high:

Stocks in the broader market index that hit new 52-week lows included Devon Energy, ExxonMobil and Humana.

– Pia Singh, Christopher Hayes

10 hours ago

CNBC Pro: BYD and more: AllianceBernstein names top Asian stock picks for next 6 months, up more than 60%

According to AllianceBernstein, many sectors – and stocks – in the Asia Pacific are looking “particularly attractive right now”.

These stocks are “highly ranked in terms of size and among our companies that our Bernstein analysts have a strong positive view of,” wrote analysts at the Wall Street bank, which named it one of its Asian “Top Picks for the Next Six Months.”

CNBC Pro subscribers can read more here.

– Amala Balakrishna

13 hours ago

Oil rises on demand forecast, US crude pullback

Oil prices rose on Thursday due to solid demand growth forecasts for 2024 and a large US crude inventory withdrawal.

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West Texas Intermediate futures rose $1.52. or 2.09%, settling at $74.08 per barrel. Brent futures for March delivery rose $1.22, or 1.57%, to settle at $79.10 a barrel.

The International Energy Agency predicts that crude demand will increase by 1.2 million barrels per day in 2024, while OPEC put the figure at 1.8 million barrels.

The U.S. drew 2.5 million barrels from its crude inventory in the week ended Jan. 12, more than expected.

– Spencer Kimball

22 hours ago

Apple shares rise after BofA update

Apple shares rose more than 1% in premarket trading after an upgrade from tech giant Bank of America. The bank also said that there is an improvement of more than 20%.

“We upgrade Apple to Buy from Neutral, given: 1) a strong multi-year iPhone upgrade cycle driven by demand for the latest hardware to enable generative AI features to be introduced in 2024/2025 (still the bulk of the installed base on the iPhone 11), 2) Apple better monetizing its installed base in services More growth,” BofA said.

20 hours ago

Weekly jobless claims follow surprise drop

Initial jobless claims fell sharply last week in a surprise move, signaling ongoing tightening in the labor market.

Initial jobless filings for the week ended Jan. 13 were 187,000, a decline of 16,000 from the previous period and below the Dow Jones estimate of 208,000, the Labor Department reported Thursday.

Continuous claims, which trail a week earlier, fell to 1.806 million, a decline of 26,000 and below the FactSet estimate of 1.83 million.

– Jeff Cox

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