Bank of Japan board members discussed progress toward their inflation target and the need to put together an exit strategy, according to a summary of views from the September policy meeting that will likely fuel expectations of change to come.
Akshay Naheta, a former SoftBank Group Corp. executive who steered some of the firm’s biggest deals, is launching a new company in Abu Dhabi focusing on stablecoin technology.
Singapore home prices rebounded last quarter after their first drop in three years, in a sign of the persistence of a property boom that has gripped the city-state for years.
Lithium prices are spiraling down toward the lowest level in two years on concerns over the strength of Chinese demand for the material, a key ingredient in electric vehicle batteries.
Confidence among Japan’s large manufacturers picked up more than expected, while sentiment for non-manufacturers soared to the highest in 32 years in the three months ended in September, as the economy continued to recover from the pandemic.
Treasuries began the week on the back foot after a US government shutdown was averted, eliminating a point of uncertainty for traders and returning their focus to the path ahead for interest rates.
The Philippines is bracing for flash floods and landslides that may be triggered by heavy rains brought by tropical cyclone Koinu, which reached typhoon category on Monday morning.
Japanese equities are set to climb over the next six months, helped by optimism for corporate profitability and speculation the US will pause interest rate hikes, according to strategists.
Manufacturing activity remained muted in Asia ahead of the peak holiday season, extending its protracted slump this year.
Japan is one of the few major markets where corporate bond sales are barreling ahead as issuers grab what may be their last opportunity to lock in low borrowing costs.
