FirstFT: Japan’s bonds and currency under pressure after Fed chair’s Jackson Hole speech

Japan's bonds and currency are facing significant pressure following Fed Chair Jerome Powell's Jackson Hole speech, which hinted at aggressive interest rate hikes. This move has sparked concerns about the potential impact on global financial markets and Japan's economy, especially given its reliance on stable currency and bond markets. Meanwhile, India's GDP outperforming expectations signals robust economic growth, while South Korea's jailing of a Unification Church leader highlights ongoing anti-corruption efforts in the region. These developments underscore the interconnectedness of global economic and political dynamics.