Japan's top banks to jointly issue stablecoin, Nikkei says.Japan's three largest banks, Mitsubishi UFJ Financial Group , Sumitomo Mitsui Financial Group and Mizuho Financial Group , will jointly issue "stablecoins", digital currencies pegged to the value of real-world currencies, the Nikkei business daily reported on Friday.
Pound struggles as investors flock to safe havens.Sterling fell on Friday, as investors rushed to safe-haven currencies like the Swiss franc and Japanese yen in light of growing anxiety over the outlook for the U.S. economy, regional banks and global trade tensions.
Eurozone CPI finalized at 2.2%, driven by services and food prices.Eurozone inflation edged higher in September, with headline CPI finalized at 2.2% yoy, up from 2.0% in August. The core measure, which excludes energy, food, alcohol & tobacco, also firmed to 2.4% yoy from 2.3%.
BoJ's Uchida: Further hikes if outlook holds.BoJ Deputy Governor Shinichi Uchida said in a speech on today that the central bank remains prepared to raise interest rates further if its current projections for growth and inflation are realized. He emphasized that the BoJ will “judge without any pre-conception” while monitoring both domestic and global conditions.
Eurozone Core Harmonized Index of Consumer Prices (YoY) came in at 2.4%, above forecasts (2.3%) in September.Eurozone Core Harmonized Index of Consumer Prices (YoY) came in at 2.4%, above forecasts (2.3%) in September