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

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

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

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