Japan's fin min Yosano says national economy has bottomed out -- Report Posted:17/06/2009 14:20 GMT by NeedToKnowNews
January-March was the bottom
Indian CB chief says to decide on rates by month-end Posted:10/06/2009 13:02 GMT by NeedToKnowNews
Sees 20% credit growth in H1 2010, but concern about quality of loan assets
USD/JPY spikes on Japan Dep FinMin comments Posted:18/05/2009 13:09 GMT by NeedToKnowNews
USD/JPY spiked to day highs of 95.91, trading up 80 pips, with the yen weakening on comments that the Japanese government will monitor FX markets.
Overnight: China Q1 GDP +6.1% y/y, vs +6.8% in Q4 Posted:16/04/2009 10:11 GMT by NeedToKnowNews
Growth was at its slowest in almost a decade but in the context of a global downturn, Chinese officials called the numbers "quite an achievement".
Overnight: Japan's Tankan business confidence slumps Posted:01/04/2009 10:40 GMT by NeedToKnowNews
Japan's closely watched Tankan survey slumped to a record low in the latest quarter, suffering its biggest fall in over 30 years. The headline reading, which measures sentiment among large manufacturers, fell to -54 from -20 last time.
Japan's PM Aso says size of extra budget undecided Posted:31/03/2009 12:32 GMT by NeedToKnowNews
The prime minister said every effort will be made to enact the budget quickly.
Japan Feb exports fall record 49% y/y Posted:25/03/2009 10:49 GMT by NeedToKnowNews
Despite the plunge, Japan recorded its first trade surplus in five months last month.
Overnight: Japan Q4 GDP revised up a touch; still deeply negative Posted:12/03/2009 9:16 GMT by NeedToKnowNews
Japanese GDP in the fourth quarter was revised to -3.2% on the quarter and -12.1% on an annualized basis. The figures are a slight improvement on the initial estimates of -3.3% and -12.7% but continue to show the Japanese economy shrinking at a pace far quicker than other leading economies.
Overnight: Japan hits record current account deficit in Jan Posted:09/03/2009 9:12 GMT by NeedToKnowNews
Japan swung to its worst current account deficit on record in January, and the first in 13 years as export markets tanked. The January deficit was JPY 172.8bln, around 10 times the average analyst forecast.
Japan to Extend Short-Selling Ban --Nikkei Reports Posted:05/03/2009 20:21 GMT by NeedToKnowNews
Japanese financial daily Nikkei is reporting that Japan's Financial Services Agency will extend the naked short selling ban due to volatile markets. The short selling ban went into effect in October. At 7433, the Nikkei is looking to revisit the October lows of 6994.
Japan Fin Min: 'Would resign if told to' Posted:16/02/2009 10:22 GMT by NeedToKnowNews
Japan's finance minister Shoichi Nakagawa said he would resign if ordered to. The comment came after Nakagawa denied allegations he was drunk at a G7 meeting over the weekend.
Overnight: Japan GDP Q4 -3.3% q/q, worst decline in 35yrs Posted:16/02/2009 7:42 GMT by NeedToKnowNews
Japanese GDP contracted an annualized 12.7% in the final three months of 2008.
China Govt: Growing Difficulties for Economy - State Radio Posted:10/12/2008 11:14 GMT by NeedToKnowNews
Stable economic growth is the top priority for next year.
China to Stabilise Stock Markets, Ensure Liquidity - Report Posted:03/12/2008 10:04 GMT by NeedToKnowNews
The cabinet will encourage banks to lend and will increase its own bond sales, according to reports.
Overnight: Court Orders Thai PM to Step Down, Disbands Ruling Party Posted:02/12/2008 8:31 GMT by NeedToKnowNews
Thailand's constitutional court on Tuesday disolved the ruling PPP party and barred its prime minister, Somchai Wongsawat, from politics for five years. The court, which cited vote fraud, also barred other political leaders from the PPP. The party vowed in response to set up a new government. Anti-government protesters have occupied Bangkok airport over the past week, demanding Wongsawat's resignation.
India's Icici Bank: Should Be No Liquidity Concerns Posted:10/10/2008 9:30 GMT by NeedToKnowNews
The bank's exposure is "very very small", its joint managing director said.
Japanese Insurer Yamato Life Goes Bust Posted:10/10/2008 7:25 GMT by NeedToKnowNews
Yamato Life, a medium-sized insurer, on Friday became the first Japanese financial group to collapse in the wake of the credit crunch.