Asia-Pacific stocks rise as Tokyo’s inflation nears 42-year high

Singapore home prices rose less in the final quarter of 2022 Private residential property prices in Singapore rose by 0.4% in the final quarter of 2022, a release by the Urban Redevelopment Authority showed. The reading showed home prices rose less than the previous period’s increase of 3.8% and the slowest growth since the second … Read more

Fourth-quarter 2022 GDP: What economists are expecting

Economic growth is expected to have slowed slightly in the fourth quarter but was still solid, driven by a strong consumer. Economists will be studying Thursday’s report on US gross domestic product carefully for signs of how strong or weak the consumer actually was at the end of 2022. Retail sales suggest spending fell off … Read more

Asia-Pacific markets, trade data, Bank of Japan

Bank of Japan emphasizes need to keep current monetary policy The Bank of Japan emphasized the need to maintain its current monetary policy, including leaving the yield curve control unchanged, according to the Summary of Opinions from its last meeting published Thursday. “The Bank needs to continue with the current yield curve control, considering the … Read more

Americans short on emergency savings amid ‘dangerous scenario’

Suze Orman speaks during AOL’s BUILD Speaker Series at AOL Studios In New York. Jenny Anderson | WireImage | Getty Images An unexpected bill is never convenient. But there are even more reasons now that an unforeseen event — such as a car repair or medical expense — could put Americans on unstable financial footing. … Read more

Australia PMI, Japan Jibun Flash PMI, Lunar New Year holidays

New Zealand’s Auckland airport passenger volumes hit 74% of pre-pandemic levels in November New Zealand’s Auckland Airport saw its total passenger volumes for November reach 74% of levels seen in the financial year to June 2019, or the last full-year not impacted by the pandemic, according to the airport’s monthly traffic update. International passengers were … Read more

Asia-Pacific shares trade higher, BOJ makes no change to yield range

Japanese yen weakens after BoJ announces no change to yield curve range The Japanese yen weakened against the greenback after the Bank of Japan surprised markets by keeping its yield curve tolerance band unchanged. The Japanese yen weakened 2.04% against the US dollar after the announcement and last stood at 130.94. “Japan’s economy is projected … Read more

News from WEF, data and earnings

Allianz ‘benefiting tremendously’ from rising rates in the insurance business, CEO says Oliver Bäte, CEO of insurance and asset management giant Allianz, reflects on what he describes as one of the worst imaginable market environments last year, but says the company is “benefiting tremendously” from rising rates in the insurance business. Growth will bottom out … Read more

Bank of Japan could scrap yield control policy as bond yields top limit

This picture taken on October 27, 2022 shows pedestrians walking in front of the Bank of Japan (BoJ) headquarters in Tokyo. (Photo by Philip FONG/AFP) (Photo by PHILIP FONG/AFP via Getty Images) Philip Fong | Afp | Getty Images Japan’s central bank is due to meet this week amid soaring government bond yields and a … Read more

Japan wholesales price, bitcoin, China Covid, US inflation

Japan wholesale prices rise faster than expectations Japan’s producer prices, or wholesale prices, rose 10.2% in December compared with a year ago, according to official date. That was higher than a rise of 9.5% expected by economists polled by Reuters and marked the third consecutive rise in monthly readings. The nation’s producer prices rose 0.5% … Read more

A stablecoin collapse could spill into the US bond market: Academic

The near $1.4 trillion collapse of the crypto market in 2022 did not make a dent to traditional assets like stocks or to the real economy. But one academic has warned that the failure of a major stablecoin could have an impact on the US bond market, marking a potential new area that investors need … Read more