BOJ’s Most Dovish Member Urges Caution Over Any Policy Tweak
The Bank of Japan’s most dovish board member called for cautiousness over making any policy change, as the central bank’s inflation goal still remains out of reach.
The Bank of Japan’s most dovish board member called for cautiousness over making any policy change, as the central bank’s inflation goal still remains out of reach.
Britain’s biggest business group said a year-long slump across the private sector is likely to continue for at least three more months, as high inflation and interest rates hold back growth.
The People’s Bank of China met with lenders and private businesses on Wednesday, pledging to improve their access to funding in an effort to boost economic growth.
Two of China’s biggest cities lowered mortgage requirements for some homebuyers following central government guidance, fanning expectations that more will follow suit to arrest a record housing slowdown.
Qantas Airways Ltd. was sued by Australia’s competition watchdog for allegedly selling seats on thousands of cancelled flights, piling pressure on an airline already under lawmaker scrutiny for its treatment of customers and record profits.
Soldiers in Gabon appointed the head of the republican guard as the OPEC member state’s new leader, hours after placing President Ali Bongo under house arrest and annulling elections in which he secured a third term.
Japan’s industrial production fell more than expected in July as slowing economic activity in China continues to cloud growth prospects for the global economy.
The yen is under pressure once again as August draws to a close.
South Korea’s factory output fell again in July to reach its longest stretch of declines in decades as the trade-reliant nation struggles with exports amid a global slowdown.
China’s local governments are accelerating the pace of borrowing for infrastructure investment, a move that could help lift economic growth while also putting pressure on financial markets.