ASIA: In August 2023, China’s monthly inflation rate compared to the same month the previous year was 0.1 percent, showing a recent decrease from a peak of 2.8 percent in September 2022. The annual average inflation rate for 2022 in China was 2.0 percent. There are regional variations in inflation rates, with Hebei […]
ASIA: Influential ruling party lawmaker Hiroshige Seko expressed strong support for maintaining an ultra-loose monetary policy in Japan. This comes in response to recent comments from Japan’s central bank chief, which led to an increase in the yen’s value and bond yields. Seko emphasized that while inflation is rising due to higher raw material […]
ASIA: China’s central bank, the People’s Bank of China (PBOC), has announced a second reduction in the reserve requirement ratio (RRR) for banks this year. This move, effective from September 15, involves a 25 basis point cut for all banks, excluding those with a 5% reserve ratio already in place. The reduction is aimed […]
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 69.85 points or -0.21% to 32,706.52 Shanghai decreased 13.99 points or -0.45% to 3,123.07 Hang Seng decreased 16.67 points or -0.09% to 18,009.22 ASX 200 decreased 53.00 points or -0.74% to 7,153.90 Kospi decreased 1.88 points or -0.07% to 2,534.70 […]
ASIA: In August, China’s consumer prices increased by 0.1% compared to the same period last year, marking a return to positive territory. This follows a 0.3% decrease in July. Core inflation, which excludes food and fuel prices, remained steady at 0.8% in August. Factory-gate prices, as measured by the producer price index (PPI), declined […]
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 139.08 points or -0.43% to 32,467.76 Shanghai increased 26.06 points or 0.84% to 3,142.78 Hang Seng decreased 105.62 points or -0.58% to 18,096.45 ASX 200 increased 35.60 points or 0.50% to 7,192.30 Kospi increased 9.20 points or 0.36% to 2,556.88 […]
ASIA: Asia-Pacific markets experienced declines on Friday, with Japan’s Nikkei 225 falling 1.16% and erasing gains from the previous week, while the Topix was down 1.02% to close at 2,359.02. Japan’s second-quarter GDP growth was revised to 4.8%, lower than preliminary estimates of 6% and expectations of 5.5%. Hong Kong canceled trading for the […]
ASIA: In August, inflation in India is expected to have eased from a 15-month high in July, mainly due to a decrease in vegetable prices. However, it is projected to remain above the upper limit of the Reserve Bank of India’s target range of 2%-6% for the second consecutive month. This easing is attributed to […]
ASIA: China’s top economic planner is establishing a new department called the private economy development bureau, aimed at supporting private businesses and boosting economic growth. This bureau will monitor and analyze the private sector, as well as formulate policies to promote its expansion. This move is part of China’s recent efforts to restore confidence […]
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 increased 97.58 points or 0.30% to 33,036.76 Shanghai decreased 22.69 points or -0.71% to 3,154.37 Hang Seng decreased 387.25 points or -2.06% to 18,456.91 ASX 200 decreased 4.50 points or -0.06% to 7,314.30 Kospi decreased 2.37 points or -0.09% to 2,582.18 […]
