mynameisandhy Posted February 17, 2014 Author Report Share Posted February 17, 2014 News and Economic Review Zone Asia (China) Loans Reaches Into Chinese New Highest Record In January Monday, February 17, 2014 The number of new loans in China jumped to a record high for the month of January , where it will help the economy to sustain the current momentum in sorotnya challenge for the government is trying to limit the risk of financial turmoil from bad debts and defaults . The total financing , credit value at large, at 2:58 trillion yuan ( $ 425 billion ) , said the People's Bank of China on February 15 statement . Total loans on new local currency at 1:32 trillion yuan , the highest level since 2010 . Loans , which are under scrutiny because the risk of default , are about half of the previous year's level . The data is added optimism of trade figures are better than expected , this indicates that China may limit any expansion of the scale of the slowdown of GDP last year's level of 7.7 % . At the same time , the figure is in contrast to the central bank 's call in mid-January to the lenders so that they control the surge in borrowing and highlights the economic decline of credit growth . " These figures show that the determination of the central bank's stance will be gradual , in balance implementation , rather than aggressive , " said Louis Kuiss , chief China economist at Royal Bank of Scotland Plc in Hong Kong . " The government wants to slow the pace of credit growth and everything that contains financial risk but they also want to make sure that the loan amount is sufficient to be able to continue to support economic growth . " Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 17, 2014 Author Report Share Posted February 17, 2014 News and Economic Review Zone Asia (Japan) Japan 's GDP Slump In Fourth Quarter Monday, February 17, 2014 Japan's economy grew at a slower pace in the fourth quarter than economists forecast in a survey by Bloomberg News , underlining the risks to the recovery as would an increase in the sales tax in April . Japan 's GDP expanded at an annual rate in the fourth quarter of 1 percent , the Cabinet Office said in Tokyo , below the level reported in the previous quarter and 1.1 % below the forecast of 37 economists called for will grow 2.8 % . At the time of the surge in capital spending to its highest level in two years and rising consumption levels , the trade deficit comes from soaring imports and exports are dragging the limited strengthening expansion . Growth weaker than expected may be fueled speculation that the Bank of Japan will expand its stimulus in the coming months and adding pressure on Prime Minister Shinzo Abe to enhance its plans to make the country more competitive . " Weak export performance gave us a sense that the risks to the Japanese economy will probably slow in April , " said Takuji Okubo , chief Japan economist at Macro Advisors in Tokyo told Bloomberg Television . " Prime Minister Abe should really quickly to demonstrate to the market that he can deliver reform . " Business investment rose 1.3 % from the previous quarter and consumer spending rose 0.5 % . Exports rose 0.4 % , while imports jumped 3.5 % . The recent decline in the level of consumer confidence and the limited strengthening of exports has highlighted the risk that Japan's recovery under Abenomics can fade after a tax increase . Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 17, 2014 Author Report Share Posted February 17, 2014 News and Economic Review Zone Asia (China) China Data Reflect Global Recovery Monday, February 17, 2014 Performance of China's Shanghai stock exchange floor will appear sturdy throughout this week after beginning the week with record highs in the last two months . Optimism spread at the end of last week after the government released data that China's new lending record high borrowing rate in the last 4 years in January . The total number of new Chinese loans ( new loans) were successfully disbursed through the banking sector increased to 1.320 trillion yuan from the previous figure of 483 billion yuan . The results missed expectations of 1.075 billion yuan . Release of the data was quite successful due to ease market concerns earlier investors worried about China's central bank who now feared amid monetary tightening . Earlier in the day Wednesday ( 12 / 02 ) , the government has also released Chinese trade data posted much stronger results than expected with a sharp increase of exports. As a result , investor buying interest is likely to continue to be encouraged by market optimism that concluded that the data are also nicely reflects the global economic recovery . While increased investor optimism ahead of the release data on manufacturing activity in February from HSBC PMI which was originally to be aired on Thursday ( 20 / 02 ) . Previous record figures showed manufacturing contracted in January to a level of 49.5 . Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 18, 2014 Author Report Share Posted February 18, 2014 News and Economic Review Zone Asia (Japan) Japan Intend to Lower Corporate Tax Tuesday, February 18, 2014 Japanese Prime Minister Shinzo Abe intends to lower corporate taxes , according to the Cabinet Secretary Yoshihide Suga . Officials at the Ministry of Finance Japan have criticized the plan cuts the corporate tax rate , which has now reached 35 % , because it was feared could worsen the condition of government debt . But analysts see a policy of tax cuts can make Japanese companies more competitive given the tax rate is among the highest in the world . " Whatever the opinion expressed by the Ministry of Finance , government policy will not change . We will consider what would happen if the financial condition of the government lowered corporate taxes . However , the Prime Minister has uttered tax rate cuts are needed . We want to achieve this goal , " said Suga . Meanwhile , Japanese stocks rebounded reduce attenuation and in early European session . Nikkei futures are now traded 14460 ; away from daily low -level 14180 . Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 19, 2014 Author Report Share Posted February 19, 2014 News and Economic Review Zone Asia Japan & China Trade Value Up After Decline Over 2 Years Wednesday, February 19, 2014 Trade between China and Japan , which is Asia's largest economy , is on track rise after falling for two years , in spite of political tensions , according to the Japan External Trade Organization , or JETRO . Japan's trade deficit with China last year widened by 18 percent to a record $ 52.2 billion , in line with China's economic restructuring and slowing growth , said Yoichi Maie , JETRO 's head of research in China and North Asia division in a statement yesterday . Japanese exports fell by 10 percent as China cut the amount of mining and construction machinery orders , he added . Deep conflict between the two countries over a series of islands in the East China Sea has threatened security in the region amid escalating their rhetoric over the last world war II . Major protests occurred in China in late 2012 after the Japanese government bought several privately owned islands in disputed . Some Japanese car dealers in China damaged by the demonstrators . " I can not say that the political issues between China and Japan will have no impact , we saw a decrease in sales of Japanese cars , but so far it does not greatly affect the volume of trade economy , " said Maie in Tokyo . " This year we saw thin trading volumes will rise . " Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 20, 2014 Author Report Share Posted February 20, 2014 News and Economic Review Zone Asia (Japan) Japan's trade deficit widened to a record Thursday, February 20, 2014 Japan's trade deficit widened to a record in January as surging value of imports that would further burden Prime Minister Shinzo Abe's campaign to encourage sustainable permulihan . A deficit of $ 2.79 trillion yen ( $ 27.3 billion ) is that in the report by the economy ministry in Tokyo where it exceeded the median estimate in a Bloomberg News survey of 28 economists called for a reading 2:49 trillion yen deficit . The value of imports rose 25 percent from a year ago and shipments out of the country increased by 9.5 percent . The decline in the yen has pushed up the value of imports , the country's export sedangan seen only a limited rise of the decline in the currency slipped more than 20 percent against the dollar in the past two years . Trade deficits that contribute to the Japanese economy grew less than expected 1 percent in the fourth quarter , underlining the risk that Abenomics may falter after a sales tax increase in April which will dampen consumption . " Japan get the unfavorable impact of the transformation on energy policy , " said Naohiro Niimura , a partner at Market Risk Advisory Co. . in Tokyo . " Trends like this on the Japanese trade balance will continue for a while , eroding economic strength little by little . " Ahead of the data release today , the median of analysts' forecasts for a reading of 12.7 % increase in exports and a 22.7 % rise in imports Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 20, 2014 Author Report Share Posted February 20, 2014 News and Economic Review Zone Asia (China) China Manufacturing Activity at Lowest Level 7 Months Thursday, February 20, 2014 China's manufacturing activity contracted in two consecutive months, and are at their lowest level in seven months. Preliminary estimates China's manufacturing activity released in February by HSBC fell to 48.3 from 49.5 the previous month. While economists earlier estimated that manufacturing activity was 49.4. A reading below 50 indicates activity is contracting. Komonen new orders in the manufacturing sector also fell, with orders for exports showed a decline, although the rate of decline was slower than in January. "The momentum of growth in manufacturing can be weakened. We believe the government and Beijing should be able to find the right policy to maintain growth at a rate that is fixed in the years to come "said Qu Hongbin, chief China economist at HSBC Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 21, 2014 Author Report Share Posted February 21, 2014 News and Economic Review Zone Asia (Japan) Nikkei welcomes Weakening Yen Friday, February 21, 2014 Nikkei up after the return of a weaker yen makes investors back to the optimistic outlook for Japanese exporters improvement . USD / JPY touched 102.44 in early Asia ; away from the strongest level achieved 101.37 a week earlier in the week . If a weaker yen may continue then this can help improve the competitiveness of Japanese exporters in the international market . Nikkei futures are now traded 14715 ; away from daily low -level 14535 . Sentiment was also quite positive after the publication mixednya U.S. economic data released overnight gives hope that the Fed might not be so aggressive in pursuing a policy taperingnya . U.S. PMI manufacturing index recorded the highest growth rate in the last 4 years , and yet the U.S. inflation remained below the Fed's target of 2 % and a reduction in U.S. unemployment claims are not as good as analysts' estimates . With recent U.S. economic data is quite mixed and low inflation then this may encourage the Federal Reserve to not be too hasty in reducing the amount of bond purchases . Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 24, 2014 Author Report Share Posted February 24, 2014 News and Economic Review Zone Asia (Japan) BOJ Data may Must Wait Before Return Policy Loosening Monday, February 24, 2014 Bank of Japan probably should await more data in the summer before deciding whether to ease policy further , according to the aide of Prime Minister Shinzo Abe , indicating the government did not press the central bank to prop up the economy as soon as possible . As the third largest economy in the world showed a slowing of momentum ahead of a national sales tax increase on April 1 , has increased speculation that the BOJ may have to increase the bond purchase program and its other assets . However Koichi Hamada , professor emeritus of economics at Yale University , said " My position is more optimistic that the Bank of japan must consider carefully the current economic economic data released after the tax increase . " Major economic data showing the impact of tax increases will begin to be felt in June to in July . " It is uncertain how much of a negative impact on the sales tax increase pereokonomian , " said Hamada , one of Abe's economic adviser . last week the BOJ maintains his espansioner policy but extend and expand a loan program to help stimulate the economy . Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 26, 2014 Author Report Share Posted February 26, 2014 News and Economic Review Zone Asia (Japan) BoJ 's Ishida Remain Confident With Japan's economy Wednesday, February 26, 2014 Japan's economic recovery will continue to run Meskpun economy to contract in the second quarter after the sales tax was increased on April 1 , according to board member Koji Ishida BoJ monetary . " We do not avoid the negative effects of tax increases on household income . Yet government stimulus , increased exports and capital expenditure can be a factor sustaining economic activity , " said the BoJ 's Ishida to businesses in the city of Saitama . The government will raise taxes penjualandari 5 % to 8 % as of April . In order to avoid the tax increase , consumers have increased purchases of cars , houses , and other durable goods . The increase in consumer spending has also led to an increase in industrial production . However , there are doubts about the outlook for the Japanese economy after the sales tax increase . However, the BoJ 's Ishida Japan's economic recovery remains confident will continue and the achievement of the inflation target of 2 % by 2015 . Meanwhile , the yen weakened and the Nikkei futures rose in Asian session . USD / JPY is currently trading 102.30 ; trying to stay away from daily low -level 102.12 . Nikkei futures are at 15010 ; are not so far from daily highs 15090 Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 27, 2014 Author Report Share Posted February 27, 2014 News and Economic Review Zone Asia (Japan) Sato : BOJ Flexible About Quantitative Easing Thursday, February 27, 2014 Bank of Japan board member Takehiro Sato on Thursday said the central bank can be flexible about time to get out of monetary easing , signaling that by achieving price stability at 2 % will not trigger the steps of the central bank in the near future . Sato also said that he believes consumer inflation may continue to rise as the improvement in the output gap has a delayed impact on the price . Sato also stressed that economic projections anticipate the BOJ volatile movements in the level of demand caused by the increase in sales tax , suggesting that his opinion does not need to change this policy in the near future . " If the BOJ can see that 2 % will be achieved and maintained , there is a possibility we will be out of our policy before inflation reaches that level , " said Sato . " The BOJ can also resume quantitative easing after inflation target of 2 % is achieved if the central bank said it can not last long . " Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted March 1, 2014 Author Report Share Posted March 1, 2014 News and Economic Review Zone Asia (Japan) Iwata - BOJ Easing Program Satisfied With Performance Friday, February 28, 2014 Deputy Governor of the Bank of Japan ( BOJ ) , Kikuo Iwata said that the central bank easing program ( easing program ) is now working very well and effective in boosting domestic bank lending rate , so that it is able to abort skepticism circulating that the program only has an impact limited . In his explanation in Parliament on Friday afternoon ( 28 / 02 ) , Iwata admitted that the program belongs to the BOJ's quantitative and qualitative been running very effective in stimulating bank lending , including the stock of money . And he thinks it should be noted that bank lending has increased recently despite the fact that the loan rate tends to decline when the economy out of deflation . It happened because the situation arises where firms and households will typically open their first savings that have accumulated during the economic slump . According to government data , the total loans from regional banks and the great increase of 2.5% from the previous year to Y413.036 trillion in January . And that number is down from the previous month at 2.6 % level . However, the results recorded growth rate in 27 months in a row . The program also succeeded in improving the performance of the Japanese domestic fundamentals throughout the month of January. Based on the data released on Friday morning ( 28 / 02 ) , the rate of industrial output surged sharply to 4 % in January from the previous month's level of 0.9 % . Meanwhile, retail sales also soared hinga 4.4 % for January from the previous month at 2.6 % . Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted March 3, 2014 Author Report Share Posted March 3, 2014 News and Economic Review Zone Asia Asia Experiencing Slowing Manufacturing Activity Monday, March 3, 2014 Venturing into the March trade , market concerns focused on slowing manufacturing growth in a number of Asian countries , including the most important of the Chinese bamboo curtain . The data release at the end of last week showed China's NBS manufacturing PMI recorded - dipped to 50.2 in February from 50.5 the previous month in numbers . Meanwhile, the HSBC manufacturing data release version earlier this week ( 3/3 ) , also still recorded a contraction in the level of 48.5 in February. Although the figure was up from the previous month at 48.3 . While manufacturing activity from the South Korean ginseng country also has experienced a sharp depreciation . HSBC Institutional noted that South Korea's PMI manufacturing figures falls to a level of 49.8 in February from 50.9 the previous month . While the countries of Taiwan , the PMI fell to 50.3 in February from the previous 54.1 . Of domestic , Indonesian manufacturing growth rate also recorded a decrease to a level of 50.5 in February from 51.0 previously . As a result of this week , market sentiment in Asia kemungkina be haunted by worries of a global slowdown and geopolitical factors of the Ukrainian state . Escalation of political tensions in the country increased after the Russian military reportedly has put its troops on the border and is ready to launch its aggression Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted March 3, 2014 Author Report Share Posted March 3, 2014 News and Economic Review Zone Asia (South Korea) South Korean Trade Data Achieves Positive Numbers Monday, March 3, 2014 Although today 's South Korean investors worried about by fears of a global slowdown , but the fundamentals of domestic economic data is still there is a positive performance . Based on government data released last Saturday ( 1/3 ) , South Korea's exports rebounded in February , after shrinking in the previous month when the Lunar New Year holiday , resulting in the number of working days is less. The level of exports in February rose 1.6 % from a year earlier to $ 42,989 billion , after declining ( -0.2 % ) in January. While the level of imports rose 4.0% to $ 42,064 billion in February , compared with the ( -1.0 % ) in January . The figure was well above expectations of +2.8 % is estimated for February . The surge caused the said figures February trade surplus (trade balance) also increased to about $ 0926 billion , from the previous amount of $ 0.76 billion . Just so you know , the country's trade balance could be in the black zone since last February 2012 . While the South Korean economy has increased during the year 2013 and compared to the rate in 2012 , primarily due to an increase in the export market because developed countries like the United States is experiencing a recovery . Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted March 4, 2014 Author Report Share Posted March 4, 2014 News and Economic Review Zone Asia (Japan) Takenaka : BOJ easing Consider Advanced Medium Tuesday, March 4, 2014 Japan's leading economists and former government minister Heizo Takenaka on Tuesday said he thinks the Bank of Japan was poise additional monetary easing to cushion the impact of the sales tax increase in April . " The BOJ is currently ready for the extra step , I think , " Takenaka said , adding that he recently met privately with BOJ Governor Haruhiko Kuroda . After 1-1/2 years of encouragement to the growth of the monetary and fiscal stimulus of Prime Minister Shinzo Abe , rampant speculation that the country 's third-largest economy in the world will slow sharply in the near future , urged the BOJ to increase large-scale asset purchases were launched in April last year . In February , BOJ monetary policy looseness and extend a special loan program to help boost economic growth . The policy board will meet again next week . Kuroda has repeatedly said the economy is still on track towards the inflation target of 2 % hers , but the BOJ will not hesitate to take action if the target can not be achieved in danger . " He has a very flexible attitude towards monetary policy , " said Takenaka , known as a reformer when he served as Minister Junichiro Koizumi's administration the economy in 2001-2005. Takenaka is one member of the panel Abe on kompetitifitas industry . There is some concern that the sales tax increase could hurt the economic recovery as the impact of the monetary policy strategy and massive stimulus from Abe began to fade . Most analysts expect the BOJ will ease policy again this summer to help stimulate the economy and get her out of deflation for 15 years Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted March 5, 2014 Author Report Share Posted March 5, 2014 News and Economic Review Zone Asia (China) China's Service Sector Activity on the Rise in February Wednesday, March 5, 2014 China's service sector activity index released HSBC showed an increase to 51.0 in February from January's 50.7. A reading above 50 indicates expansion while a reading below 50 indicates contraction. "Activity Index released by HSBC services showed growth in the services sector looks stable at the relatively low level. However, combined with weak manufacturing activity, the strength of the overall economic growth is moderate, and it began to weigh on employment growth, "said HSBC chief China economist Qu Hongbing. Qu adding and policy makers will need to determine the appropriate development policy to avoid a slowdown in growth in the first half of this year. Previously China Federation of Logistics and Purchasing on Monday reported a non-manufacturing index rose to 55.0 China in February from 53.4 the previous month. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted March 7, 2014 Author Report Share Posted March 7, 2014 News and Economic Review Zone Asia (China) China Optimistic Trade Reaches Goal 2014 Friday, March 7, 2014 China is fully confident that it can achieve the target of 7.5 % growth in the number of trades this year , according to the Ministry of Commerce on Friday , associated improvement in the global economic situation and strong fundamentals in developing countries . China's Minister of Commerce , Gao Hucheng , also said that China will take additional measures to improve the environment for foreign investment . " We think the global economic recovery in 2014, especially the recovery in advanced economies as demand recovers , will help China's export sector , " said Gao . China set a growth target of 7.5 % in jmlah trade in 2014, lower than last year's target of 8% , which failed to achieve the level of exports over imports in 2013 grew only 7.6 % sebear . January trade data is good , with a growth rate hit a high of 6 months , the economic slowdown has eased the anxiety . February trade data will be released on Saturday , economists estimate the level of exports grew by 6.8 % from a year ago . Gao warned that China probably will learn steps to loosen its ban on foreign investment in a number of industries , including raising the percentage of parts that can be owned by foreign investors . Asked about invesntasi environment in China , Gao said the survey showed more than 90 % of foreign companies want to continue to increase investment in China . "We will be trying to create an environment that is open and official , an efficient and comfortable environment to foster fair competition in the market , " said Gao . He added that in order to attract more foreign investment to western China , the ministry will merpampingkan approve policies and investors who intend to move from eastern China . Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted March 10, 2014 Author Report Share Posted March 10, 2014 News and Economic Review Zone Asia (Japan) Japan Q4 GDP Revised Down Monday, March 10, 2014 Japan 's economy grew by 0.7 % in the fourth quarter of 2013 , revised down 1 % from the previous release due to a slowdown in the rate of capital spending and private consumption , data showed on Monday . " Japan's GDP data was below forecasts . Think it is not enough to trigger the additional step of BOJ but still worrying , perhaps because business investment looks not solid , " said Izumi Devalier economist at HSBC . This downward revision is also below economists' forecast for a growth rate of 1% . Details of the data showed that the level of private consumption increased by 0.4 % in the fourth quarter from the previous quarter , compared with a revised 0.5 % prior . Japan also recorded a current account deficit that hit a record in January , according to the Ministry of Finance . The deficit is at 1.589 trillion yen ( 15.4 billion dollars ) , compared to economists' forecast for a deficit of 1.4 trillion yen . The Bank of Japan began a two day policy meeting on Monday and is not expected to make significant changes in monetary policy , although economists expect the central bank will increase its stimulus program next few months . " For the Japanese recovery can last a long time we need a transition from growth driven by domestic growth be driven by corporate , " UCPA Devalier . " We have not seen any directions to get there . " Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted March 10, 2014 Author Report Share Posted March 10, 2014 News and Economic Review Zone Asia (Japan) Japan Current Account Deficits Swell 4 -fold Monday, March 10, 2014 Japanese cherry country back current account deficit ( current account deficits) in 4 consecutive months until January due to increasing his monthly deficit swelled to record numbers in three consecutive months . Current account deficit , which is a common measure of Japan's trade with other countries around the world , Y 1.589 trillion reached in January , swelled more than four times the deficit in the previous year amounted to Y 348.4 billion . The Ministry explained that the comparative data are available only until 1985 . Deficit in January was much wider than the expectations of economists surveyed by Nikkei and The Wall Street Journal estimates Y 1.410 trillion deficit . The government said that the deficit is due to the trade deficit in January to reach Y 2.3 trillion , due to slowing export levels , but imports soared . The current account is a measure of trade for goods , services , tourism and investment . Calculate the current account by determining the difference between income from foreign sources against payment of foreign obligations , excluding net capital investment Japan . Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted March 11, 2014 Author Report Share Posted March 11, 2014 News and Economic Review Zone Asia (Japan) Bank of Japan Monetary Stimulus Preserve Tuesday, March 11, 2014 The Bank of Japan kept monetary policy stimulus after a two-day meeting . The BoJ also remain optimistic about economic growth and inflation Japan , and believes the Japanese economy will be able to withstand an increase in sales tax in April . All members of the policy -makers agreed to maintain the increase in the monetary base of 60 to 70 trillion yen per year in an effort to end deflation . Slowdown that occurs has been estimated previously , before the increase in the sales tax to 8 % from 5 % . BoJ officials admitted tax increase will bring growth into negative territory for for a while , duperkirakan in the quarter April-June , before returning to moderate growth . BoJ expects exports will play an important role in supporting the economy in April , when consumption is likely to decline . The BoJ also improves his views on capital spending and industrial production . One BoJ board member , Takahide Kiuchi , proposes to make the inflation target of 2.0 % is more flexible . Kiuchi said inflation target of 2.0 % is something that must be implemented for the medium and long term , and monetary policy is currently said to be intensive step with a duration of two years . Quote Link to comment Share on other sites More sharing options...
wayanti Posted March 11, 2014 Report Share Posted March 11, 2014 Sir, it was about the conflict in ukraina. The USA will give sanction for Russia, do these sanction will take effect on russia?? Can you tell me about your analysis about this?? Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted March 12, 2014 Author Report Share Posted March 12, 2014 News and Economic Review Zone Asia (China) Bank of China Ready to Take Action Wednesday, March 12, 2014 China's central bank is ready to take the most decisive measures since 2012 to ease monetary policy if economic growth slowed again , to cut the amount of money that must be deposited by banks as reserves , according to sources related to the internal policy discussions . Pruning will be performed if the growth rate drops down to the level of 7.5 % and 7.0 % , according to them , and will be carried out through the operation of financial markets and currency intervention through state -owned banks by traders has loosened monetary conditions earlier . Apart from supporting the weak economy , tougher action to cut banks' capital reserves would cushion the impact of shocks from the financial reforms that are expected to be carried by the central bank this year , including widening the yuan's trading range to give the currency strengthening and weakening of space for each day and provide space for banks to determine the interest rate of savings . "The economy is facing great pressure down , " said a senior economist at the State Information Centre , which is affiliated with the National Development and Reform Commission , the economic planning agency renowned in China . " Trimming the RRR would happen if the rate of economic growth slowed again . Yet they still have to wait and see first -quarter economic data , " said economists . RRR is the reserve requirement ratio , the official name of the capital reserve banking . Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted March 12, 2014 Author Report Share Posted March 12, 2014 News and Economic Review Zone Asia (Japan) Japan Consumer Confidence Weakens Back Wednesday, March 12, 2014 The level of trust between society Jemang deteriorated for the third month in February, and fell more than economists forecast, according to survey data released Wednesday. The consumer confidence index fell sharply to 38.2 in February from a revised down to 40.4 in January, according to the Cabinet Office. Economists had expected the index to fall to 40 from a revised 40.5 prior. Among the sub-components, the overall livelihood index fell to 35.7 in February from 37.6 in the previous month. Revenue growth index dropped to 37.9 from 38.5. Consumer willingness to buy durable goods is at 32.4, down from 36.4 in January. While the employment sub-index fell to 46.8 from 49. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted March 13, 2014 Author Report Share Posted March 13, 2014 Li : China's Economic Growth Target Flexible Thursday, March 13, 2014 Prime Minister of China , Li Keqiang said China's economic growth target of 7.5 % this year is still flexible , but he did not disclose the specifics of how the slowdown of economic growth can still be tolerated . " Since we said that China's economic growth by about 7.5 % , ' about ' has a flexible meaning . Seditik higher or a little lower we can still tolerate " Li said in a press conference in Beijing today . Li also said China must ensure the financial risk would not threaten the entire system even though some default or default can not be avoided . China pays great attention to financial risk and hazard monitoring of shadow banking , while the ratio of government debt to the size of the economy under the limit in the category of danger is seen internationally , Li said without naming specific limits . Li ensuring an increased risk of government debt is still in control . Li attempted to rein in debt and pollution while avoiding a sharp economic slowdown , after exports in February fell , and became the biggest slump since 2009 . "I sometimes fear in certain cases very difficult to avoid default . What we should do is improve the monitoring , handle relevant matters properly , and make sure there is no risk financially, regional and systemic "said Li . Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted March 14, 2014 Author Report Share Posted March 14, 2014 News and Economic Review Zone Asia (China) A number of Bank cuts China's GDP Projections Friday, March 14, 2014 Continue slowing momentum in China's economy has made the focus fixed on the country 's second-largest economy in the world , with a number of bank cut its forecast for gross domestic product ( GDP) . Bank of America Merrill Lynch ( BofAML ) , Barclays and Nomura cut its forecast for economic growth in China they were on Thursday night , following a series of disappointing economic data for the period from January to February . Downgrade of BofAML is the most aggressive of all are , cut its forecast for GDP growth in the first quarter to 7.3 % from 8.0 % , and the projected annual GDP be 7.2 % from 7.6 % . Nomura revised down its growth forecast first quarter to 7.3 % from 7.5 % , warned that it sees downside risk to its full-year growth forecast at 7.4 % . " Given the economic activity weaker than expected in the month of January-February , we have to lower our GDP growth forecast for the first quarter , although we maintain our view that the growth will be improved : slow in the first half to close the second quarter at 7.1 % and rebounds in the second half to 7.5 % as we think monetary policy will be eased significantly in the second quarter , "said Zhang Zhiwei , chief economist at Nomura . While the government maintains growth forecast at 7.5 % , Prime Minister Li Keqiang said there is " flexibility " towards the target at a press conference at the closing of the National People 's Congress ( NPC ) on Thursday , an indication of a willingness to tolerate a slower growth rate . Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.