Bank of Japan board member Hitoshi Suzuki said the central bank must maintain its massive stimulus program to hit its elusive price target.
Washington about unfair trade has kept Asian policymakers reluctant to openly talk down their currencies despite the dollar’s slump to multi-year lows.
The correction will continue to take place until equity returns balance out with bond yields. That should imply a sustained downward trend in the stock markets.
Global economy is expected to grow at a robust pace this year and reach an altitude not seen since 2010, as momentum builds in developed economies and inflation revives.
Central bank head said he hoped the technologies underpinning cryptocurrencies such as blockchain would not be undermined by an eventual crash in the virtual coins.
The dollar was supported by expectations of a US tax overhaul while a sharp rise in German bond yields helped to underpin the euro.
Asian central banks will tilt to less dovish postures on monetary policy as US interest rates climb next year, putting pressure on domestic bond markets.
Federal Reserve policymaker Charles Evans said Central banks can’t explicitly fight fast rising financial market asset prices.
Gold prices were largely unchanged after the Bank of Japan kept its monetary policy steady, with investors shifting their attention to other central bank meetings.
Distributed ledger technology like blockchain is not mature enough to power the world’s biggest payment systems, though it has the potential to improve system resilience.
To Issue Rs 8800 Cr worth equity shares on preferential basis to GoI
SBI puts Rs 1935 Cr worth loans up for sale to 24 entities
Seeks bids on cash basis or a mix of cash and security receipts
Approves Issue Price At Rs 300.82/Share For Preferential Issue To Govt
Financial Express Reports
POWER GRID CORP
Emerges as lowest bidder for Rs 1000 cr project
To set up Vindhychaal-Varanasi 765 KV transmission line
Financial Express Reports
Arm To Buy 65% Stake In Indian Film Combine Pvt For Rs 1,105 Cr
Arm To Also Buy 20% Of Indian Film Combine From Xander Group Arm, 45% from Co's Promoter Group
Announces successful regulatory inspection from USFDA for API Facility for Hyderabad Facility
AVIATION IN FOCUS
Jan Domestic Air Passenger Traffic At 1.15 Cr, Up 19.7% YoY
Air India Jan Passenger Load Factor At 84.6% vs 81.8% MoM
Jet Airways Jan Passenger Load Factor At 88.7% vs 88.5% MoM
IndiGo Jan Passenger Load Factor At 89.7% vs 90.8% MoM
SpiceJet Jan Passenger Load Factor At 95.0% vs 95.6% MoM
Air India Jan Market Share At 13.3% vs 13.1% MoM
Jet Airways Jan Market Share At 14.3% vs 14.6% MoM
IndiGo Jan Market Share At 39.7% vs 39.4% MoM
SpiceJet Jan Market Share At 12.6% vs 12.7% MoM