ASIA:   The IMF has warned that an abrupt change in Japan’s ultra-loose monetary regime would have “meaningful spillover” effects on global financial markets, underscoring the need for the Bank of Japan to clearly communicate about its future policy. IMF’s first deputy managing director Gita Gopinath called on BoJ to take a flexible approach to […]

ASIA: January’s reading for China’s purchasing managers’ index has confirmed expectations that Asia’s powerhouse is back into growth mode, beating analyst expectations and topping 50. At 50.1, the official manufacturing PMI reading is above the line that separates growth from contraction and compares with analyst expectations of a reading below 50, at 49.8, per a […]

  ASIA:   The White House is launching a partnership with India on Tuesday that President Joe Biden hopes will help the country compete with China in military equipment, semiconductors and artificial intelligence. Washington wants to deploy more Western mobile phone networks on the subcontinent to counter China’s Huawei Technologies, welcome more Indian computer chip […]

ASIA:   India’s annual pre-budget economic survey is likely to peg GDP growth at 6-6.8% for 2023-24, according to a source. The government survey is likely to say that growth is seen at 6.5% for 2023-24 under the baseline scenario. This would be the slowest in three years. Nominal growth is likely to be forecast […]

ASIA:   Haruhiko Kuroda, the BoJ’s longest-serving governor who will step down in April, last week defied market pressure and kept the key pillars of his monetary easing programme unchanged, stressing that wage growth was not sufficient despite the global inflation shock. Suntory Holdings, the drinks group behind Jim Beam and Yamazaki, aims to raise […]

QUESTION: So if I read you right, you never anticipated that your computer would also forecast war and geopolitical events. ChatGPT seems to be able to find things and answer questions. But it cannot forecast the future by itself. So what did you do that is even more impressive than ChatGPT? DW ANSWER: Being a […]

ASIA: The Bank of Japan should let government bond yields move more flexibly and be ready to raise short-term interest rates swiftly if “significant” upside risks to inflation materialize, the International Monetary Fund (IMF) said on Thursday. In a proposal after an annual policy consultation with Japan, the IMF said the central bank’s ultra-loose monetary […]

ASIA:   The major Asian stock markets had a mixed day today: NIKKEI 225 increased 95.82 points or 0.35% to 27,395.01 Shanghai closed Hang Seng closed ASX 200 decreased 22.10 points or -0.30% to 7,468.30 Kospi closed SENSEX decreased 773.69 points or -1.27% to 60,205.06 Nifty50 decreased 226.35 points or -1.25% to 17,891.95     […]

ASIA: India is likely to peg its nominal gross domestic product (GDP) growth at around 11% in the annual budget next week, marking a slowdown from its estimate for the current fiscal year due to the prospect of weak exports, two government officials said. Nominal GDP growth — which includes inflation and is the benchmark […]

ASIA: China’s decision to reopen its economy will increase inflation in Europe as they both compete for more energy, the president of the European Central Bank said Friday. China’s reopening is “something that will be a positive for China mostly, something that will be a positive for the rest of the world, but we will […]