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
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
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 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
Oil futures rise on hopes over China demand recovery Oil futures rose in Asia’s morning trade as optimism over China’s reopening leading to a recovery in demand outweighed recession fears. Futures of Brent crude gained 1.16% to stand at $79.96 a barrel, while U.S. West Texas Intermediate futures rose 1.18% to trade at $75.17 per barrel. China recently issued … Read more
China’s November retail sales see significant miss China’s industrial production for November grew 2.2%, after seeing a growth of 5% in October, according to official data. That’s lower than expectations for growth of 3.6% in a Reuters survey. Retail sales fell 5.9% on an annualized basis, further than expectations of a decline of 3.7% in … Read more
China’s National Health Commission releases guidelines for treating Covid at home China’s health authorities announced guidelines for treating Covid patients at home on Thursday, a day after formalizing a policy that allows most infected patients to quarantine at home, as part of easing measures in the country. The notice on the National Health Commission’s website said patients should isolate in … Read more
Hong Kong mulls dropping outdoor mask rules: Report Fitch expects home prices in Australia and China to decline in 2023 Fitch Ratings expects home prices in Australia to see a significant drop of between 7% to 10% next year, it said in its latest outlook report. The agency also predicts that China’s home prices will … Read more
China expected to see a further drop in exports and imports China’s trade data for November is expected to show a further drop in both exports and imports, according to a Reuters poll of economists. Average forecasts predict exports will drop 3.5% in November on an annualized basis after declining 0.3% in October, and imports … Read more
Philippines inflation soars to 14-year high on food prices Philippines’ consumer price index for November popped 8.0% on an annualized basis, marking a 14-year high on the back of higher food prices according to the Philippines Statistics Authority. The figure was the highest since November 2008 and came in above Reuters’ estimate of 7.8%. It … Read more