South Korea inflation, China reopening

South Korea inflation, China reopening

Yamaguchi emerging as candidate for next Bank of Japan governor: Sankei Former Bank of Japan deputy governor Hirohide Yamaguchi is emerging as a candidate to lead the central bank, Japanese local media Sankei reported, citing people familiar with the matter. Yamaguchi, who held the deputy position at the central bank until 2013, has been a … Read more

Asia-Pacific markets, Wall Street, industrial output, Hong Kong eases restrictions

Asia-Pacific markets, Wall Street, industrial output, Hong Kong eases restrictions

Bank of Japan announces unscheduled bond purchases The Bank of Japan announced two rounds of unscheduled purchases of Japanese government bonds in attempt to contain upward pressure in yields, according to a notice. The central bank offered to buy unlimited amounts of two- and five-year notes at a fixed rate – and another offer to … Read more

U.S. weighs new measures for travelers from China

U.S. weighs new measures for travelers from China

For more than two years, overseas travelers have had to quarantine upon arrival in China because of Covid restrictions. Pictured here at Beijing International Airport on June 18, 2022, are passengers waiting to be taken to quarantine-designated destinations. Leo Ramirez | Afp | Getty Images The U.S. government is considering imposing new Covid rules for … Read more

Asia-Pacific shares, China, yuan, Bank of Japan, Hang Seng index

Asia-Pacific shares, China, yuan, Bank of Japan, Hang Seng index

Hong Kong to scrap Covid tests for arrivals, SCMP reports Hong Kong is slated to scrap its mandatory PCR tests for inbound travelers, South China Morning Post reported, citing people familiar with the matter. The report added that Hong Kong will fully drop its vaccine pass scheme, which requires proof of three doses of Covid … Read more

Founders of billion-dollar company from India share tips for success

Founders of billion-dollar company from India share tips for success

Harsh Jain says it’s an “open secret” that he doesn’t use his own fantasy sports app — for fantasy football, at least.  “I am still committed to fantasy football on Fantasy Premier League, the reason we created Dream11.”  Fantasy sports are online games in which players create virtual teams of proxies that track real sports … Read more

Asia markets fall as Japan’s core inflation marks highest in over 40 years

Asia markets fall as Japan’s core inflation marks highest in over 40 years

TSMC in talks to build first chip plant in Europe: Financial Times Taiwan Semiconductor Manufacturing Co. is in talks with suppliers to build its first European chip plant in Dresden, Germany, Financial Times reported, citing people familiar with the matter. The company will reportedly send senior executives to Germany to discuss government support levels and … Read more

Investments could flow back into China as companies avoid U.S. delisting

Investments could flow back into China as companies avoid U.S. delisting

Chinese e-commerce giant Alibaba was one of the 100 over companies that had faced the risk of delisting in the U.S. in 2024 if their audit information was not made available to PCAOB inspectors. Budrul Chukrut | Sopa Images | Lightrocket | Getty Images Investors could regain the confidence to put their money in Chinese … Read more

Asia-Pacific markets mixed as Japan stocks see second day of losses

Asia-Pacific markets mixed as Japan stocks see second day of losses

Indonesia to ban bauxite exports starting June 2023 India’s central bank chief warns that the next financial crisis will come from private cryptocurrencies The next financial crisis will come from private cryptocurrencies, Shaktikanta Das, India’s central bank governor said on Wednesday. Speaking at the BFSI Insight Summit 2022 organized by Business Standard, Das said he … Read more

Bank of Japan shocks global markets with bond yield shift

Bank of Japan shocks global markets with bond yield shift

The Bank of Japan on Tuesday shocked global markets by widening the target range for its 10-year government bond yield. Kazuhiro Nogi | Afp | Getty Images Global markets were jolted overnight after the Bank of Japan unexpectedly widened its cap on 10-year Japanese government bond yields, sparking a sell-off in bonds and stocks around … Read more

Nikkei 225 falls more than 2% after Bank of Japan widens yield target range, yen strengthens

Nikkei 225 falls more than 2% after Bank of Japan widens yield target range, yen strengthens

Bank of Japan holds rates steady, widens yield curve control band The Bank of Japan held its benchmark interest rates steady and announced it will modify its yield curve control band, the central bank said in a statement. The BOJ will expand the range of 10-year Japan government bond yield fluctuations from its current plus … Read more