Some BOJ members see inflation rising later this year, June meeting minutes show

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Tencent is in talks to become the largest shareholder in AI startup Manus as investors seek to buy back the company from Meta after Chinese regulators ordered the US tech giant to unwind its $2 billion acquisition. The proposed deal would reshape Manus’ ownership amid heightened regulatory scrutiny of cross-border AI investments.

The US Treasury Department has urged the Bank of Japan to continue raising interest rates. This action aims to control inflation expectations and reduce excessive yen currency volatility. The yen has weakened significantly, reaching a 40-year low against the US dollar recently. Higher prices are impacting Japanese households’ purchasing power despite wage gains. Further policy…