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TOKYO: Bank of Japan governor Haruhiko Kuroda yesterday reaffirmed the bank’s readiness to expand monetary stimulus if the coronavirus pandemic threatened to derail a fragile economic recovery.
KUALA LUMPUR: Nor Zahidi Alias has been appointed as an external member of Bank Negara Malaysia’s Monetary Policy Committee (MPC) for a two-year term, effective Jan 1.
Asian bonds received foreign inflows for the seventh consecutive month in December, bolstered by higher global liquidity and optimism over approvals for multiple coronavirus vaccines.
NEW YORK: Treasury yields fell on Wednesday after Federal Reserve officials steered clear of tightening monetary conditions anytime soon despite expectations of higher inflation, while stocks and the dollar edged higher.
FEDERAL Reserve (Fed) officials are beginning to split over when they may need to start pulling back on their massive monetary stimulus, drawing nervous glances from investors who remember how markets were roiled during the 2013 taper tantrum.
Targeted policy measures will boost economic pace
SEOUL: South Korea lost the most jobs in two decades and the unemployment rate hit a 10-year high as the country’s worst coronavirus outbreak yet forced businesses to slash hiring.
BEIJING: China's vehicle sales fell for a third consecutive year in 2020, but sales continued to rise in December as the country leads a recovery in the global automobile industry from the COVID-19 pandemic.
Increasing debt distress in emerging markets means that China, now the world's largest official creditor, will need to start restructuring debts in the same way that Paris Club lenders did in past crises, World Bank Chief Economist Carmen Reinhart told the Reuters Next conference on Tuesday.