Bank of Japan (BOJ)

Wage trends are among the most closely watched indicators as the government and Bank of Japan seek to achieve a positive cycle of rising salaries fuelling spending, spurring demand-led inflation.

“He doesn’t seem to have much knowledge of the economy, and he may be easily influenced by the opinions of those around him,” says one fund manager.

The Japanese yen strengthened as much as 1.3% to JPY142.96 following the announcement of Shigeru Ishiba as Japan's next prime minister.

Bank of Japan Governor Kazuo Ueda reiterated on Tuesday that the central bank isn’t in a rush to hike rates.

Speaking hours before a speech by Fed Chair Powell at Jackson Hole, Ueda’s likely aims to generate as little news as possible.

The BOJ’s monetary board is widely expected to stand pat when it next sets policy on Sept 20.

Kazuo Ueda inherited a complex monetary framework that seemed almost impossible to exit.

The MSCI Asia Pacific Index climbed as much as 1.8%.

BOJ Deputy Governor Shinichi Uchida pledged to refrain from hiking interest rates when the markets are unstable.

Japanese stocks erased a whole year of gains as the yen surged.