A day before the Jackson Hole symposium, the Fed released the minutes of its latest Federal Open Market Committee meeting, which left US interest rates unchanged at 5.25-5.5 per cent. …
This fuelled a sharp rally in the yen, causing a disorderly unwinding of the yen-funded “carry trade” and contributing to a staggering 20 per cent decline in the Topix index, …
In Tokyo, Bank of Japan Governor Kazuo Ueda is searching for an exit from 23 years of quantitative easing. However, the answers he seeks could lie more in Beijing. Japanese …
China’s cyclical and structural economic woes have put further strain on the yuan. Morgan Stanley notes that China is on course for the longest period of deflation since the late …
Japan had more than 3 million visitors for a third straight month in May, official data showed on Wednesday, as the weak yen helped continue a record pace for inbound …
This has prompted much chatter about the danger of a new Asian financial crisis similar to the one that struck in 1997. This time the impact could be worse, given …
Is this all US$60 billion worth of central bank interventions in global foreign exchange markets buys you these days? It is a question that is undoubtedly preying on the minds …
The number of visitors – from 15 countries across Europe and Southeast Asia included in China’s visa exemption scheme – who used Alipay during the holiday was up fourfold this …
Who would have thought as recently as a few months ago that the Hang Seng Index would be the world’s best performing major stock market in April? Last month, Hong …
Japan’s yen hit a three-decade low on Monday before rebounding in a move currency traders suspected was official intervention. Support for the currency follows a years-long slide that even Japan’s …