ASIA: Japanese Prime Minister Kishida Fumio is addressing the challenges posed by rising energy and food prices. He recently emphasized the critical state of Japan’s economy and instructed his Cabinet ministers to develop economic measures for a supplementary budget. These measures aim to tackle issues like inflation, wage increases, investment in domestic semiconductor […]
ASIA: The World Bank has maintained its economic growth forecast for India at 6.3% for the fiscal year 2024 (FY24), which is the same as its previous estimate in April. This growth projection is attributed to a slowdown from the 7.2% growth observed in FY23, primarily due to adverse global factors affecting foreign demand […]
ASIA: Business sentiment in Japan improved in the third quarter, according to a central bank survey. This suggests that the conditions for a strong economic recovery are coming together, despite global economic challenges. Companies also maintained their plans for robust spending and faced a tight labor market, indicating that the Bank of Japan may […]
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 14.90 points or -0.05% to 31,857.62 Shanghai closed Hang Seng increased 436.63 points or 2.51% to 17,809.66 ASX 200 increased 23.80 points or 0.34% to 7,048.60 Kospi closed SENSEX increased 320.09 points or 0.49% to 65,828.41 Nifty50 increased 114.75 points […]
ASIA: Japan’s Prime Minister Fumio Kishida has announced a forthcoming economic stimulus package aimed at alleviating the impact of rising prices and increasing wages for households. The plan includes steps to combat cost-push inflation, support sustainable wage growth, stimulate domestic investment, address population decline, and encourage infrastructure spending. Kishida intends to steer the Japanese […]
ASIA: JPMorgan’s head of emerging market economics has suggested that the Reserve Bank of India is likely to purchase dollars and sell bonds to manage rupee liquidity as India’s inclusion in global bond indices approaches. JPMorgan’s decision to include India in its emerging market bond index in June 2024 is expected to bring in $15 […]
ASIA: The US and China have established two working groups to discuss economic and financial matters, as announced on September 22. This decision was made by US Treasury Secretary Janet Yellen and Chinese Vice-Premier He Lifeng during their meeting in Beijing in July. The economic group will involve collaboration between the US Treasury department […]
ASIA: S&P Global Ratings has kept India’s growth forecast for the current fiscal year at 6%. This decision is based on factors such as the global economic slowdown, increased risk of below-average monsoons, and the delayed impact of interest rate hikes. Although the agency views the recent surge in vegetable prices as temporary, it […]
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 168.62 points or -0.52% to 32,402.41 Shanghai increased 47.73 points or 1.55% to 3,132.43 Hang Seng increased 402.04 points or 2.28% to 18,057.45 ASX 200 increased 3.60 points or 0.05% to 7,068.80 Kospi decreased 6.84 points or -0.27% to 2,508.13 […]
ASIA: The Bank of Japan is expected to maintain extremely low interest rates and reassure markets about continued monetary stimulus, despite global economic concerns linked to China’s situation and U.S. interest rate developments. This policy contrasts with the U.S. and European central banks, which have raised rates to combat inflation. Despite Japan’s inflation exceeding […]
