News and Reviews Asian Economic Zone

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News and Economic Review Zone Asia (China)

 

Step Bank of China Foreign Investors Make More and Worry

Monday, March 17, 2014

 

Chinese central bank's decision to loosen its grip on the yuan has disambuat as a signal of financial liberalization , however, raised concerns among foreign investors about its relationship with China in the short term . Limit the yuan's exchange rate increased two -fold on Monday refers to the greater risk of weakening the currency that is considered by most investors as a one-way appreciation over the years , even after the yuan's daily trading range has been extended before.

 

However kepurusan adds a number of factors that have made investors anxious . The central bank had planned weakening the exchange rate of the yuan , adding to the anxiety in the market was worried about China's first default domestic bonds , and signal slowing economic growth , which is indicated by a dramatic decrease sebsar 18 % on the export sector in February and the latest manufacturing sector .

 

" Foreign investors who spoke to us before this announcement has been demonstrated anxiety , " said Brian Ingram , chief investment officer at Ping An Russell Investment Management in Shanghai . "I think this announcement reinforces consider bearish in the short term for investors . "

 

China's central bank said that starting Monday it will allow the exchange rate to rise or fall by 2 % from current levels every day . Range previously only 1 % . The move was welcomed by economists as a signal that Beijing is fulfilling the promise to memperboleh that the market plays a more important role in the economy . In theory it artignya central bank will intervene less in the market , although traders suspect that the government , through state-owned banks , deliberately pressing down the exchange rate of the yuan this year to wash off the one -way appreciation speculation on the currency . However, it still poses the risk of increased volatility will make investors increasingly worried .

[orni308]

yen has lost some ground against the USD and EUR, might be due to rising tension in the Ukraine issue...

[mynameisandhy]

News and Economic Review Zone Asia (China)

 

Loosening China's Property Market Back

Tuesday, March 18, 2014

 

The rate of growth in China's property prices slowed again in February , according to Reuters calculations according to government data released Tuesday . New home prices rose as much as 8.7 % in February from a year ago , compared with a rise of 9.6 % in January. For the monthly rate , prices rose 0.3 % compared with 0.4 % in the previous month . According to data released by the National Bureau of Statistics , the price of new homes in Beijing rose 12.2 % in February from the same month a year ago , compared with an increase of 14.7 % in January . While the price of a new home in Shanghai , rose as much as 15.7 % in February to an annual rate , compared with 17.5 % in the previous month .

 

Andrew Sullivan , director of Asian Sales Trading at Kim Eng Securities , said the latest data was not surprising and has been on the agenda of policy makers for a while . "I think the important thing is the monthly data shows house prices slowed and this has become part of the government's plan for a while, to try and reduce speculation in the housing sector . And it is very much related to the banking system and try to stop the flow of money , eliminate the shadow banking system , " he said .

 

Shares owned property developers in China traded mixed on Tuesday . Analysts said the plan announced by China's urbanization helped support the market in spite of the bad data . On Monday, Beijing announced a plan which is China's first attempt to coordinate one of the largest migrations in history , which would move 100 million people into urban areas in China by 2020 .

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

BOJ 's Kiuchi Warn Sector Export and Consumer Spending

Wednesday, March 19, 2014

 

Bank of Japan board member Takahide Kiuchi on Wednesday warned that the export sector may continue to disappoint and the level of consumer spending could weaken , eliminate two important driving factor in economic growth as governments and central banks are trying to pull it out of deflation . Kiuchi , which is known to have a pessimistic outlook on the economy , showed concern about the impact membatnya momentum in developing countries and said the domestic wage rate is not likely to rise rapidly as companies still prefer to hire employees with lower salaries than permanent employees . His comments came after data showed the level of Japanese exports grew less than forecast in February . Kiuchi also warned of additional quantitative easing , but there still seems to be speculation that the BOJ may ease policy again this year to keep prices to the inflation target of 2 % .

 

" Personally I'm more worried about downside risks , " Kiuchi said in a speech in Kyoto , western Japan . " I'm focused on the development of the export sector and in particular consumption as a risk of weakness in the economy . " Pessimism Kiuchi makes it a minority among the nine members of the board of the central bank . His views will have no impact on policy in the near future but showed some economists worry about the economic outlook after the government hiked sales tax next month .

 

BOJ officials hope that the export sector will improve , mitigating the impact of the sales tax increase on the level of domestic spending . However Kiuchi mention slowing the momentum of the Chinese economy and uncertainty about the shadow banking system , as well as imbalances in the economy of developing countries , as an excuse mengapai Japanese export sector will continue to be depressed . Kendapat sharp weakening in the yen since akhie 2012, which has pushed the price of imported goods , there is no impetus similar rise in the export sector , in part because the exporters are reluctant to cut prices .

 

Kiuchi re- emphasize that the initial scenario is the BOJ 's economy will continue to grow after the government raised the sales tax to 8 % from 5 % on 1 April. However , he said the company is still too reluctant to raise wages , which can reduce the level of consumption as the consumer inflation rate continues to rise . Kiuchi , who repeatedly asked the BOJ to remove the inflation target due to worries that the target can not be achieved within 2 years , on Wednesday said that the target of 2% is too high given the growth potential of Japan and there is still room to change the target later .

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

Kuroda Sure Can Achieve Inflation Target

Thursday, March 20, 2014

 

Bank of Japan Governor Haruhiko Kuroda said Thursday there is a great opportunity to reach the consumer inflation rate of the central bank's inflation target of 2% from the end of fiscal year 2014 until the beginning of fiscal year 2015. Upward pressure on consumer prices will increase due to the improvement in the balance of supply and demand, but the positive impact of energy prices may begin to fade aka, Kuroda said.

 

BOJ maintains its promise last week to raise the amount of base money, a key measure of monetary policy, at an annual rate of 60-70 trillion yen (590-690 billion dollars). BOJ stimulus launched in April last year, said that the central bank will raise inflation toward 2% in about 2 years through aggressive asset purchases as trying to end deflation as long as 15 years.

[mynameisandhy]

News and Economic Review Zone Asia (China)

 

Economists sure China will soon release Additional Stimulus

Friday, March 21, 2014

 

The slowdown in the Chinese economy has fueled speculation among the economists that Beijing will soon release additional monetary and fiscal stimulus as soon as next quarter . Anxiety about growth being increased , said Zhang Zhiwei , chief China economist at Nomura , related discussions at the weekly meeting State Council . In a statement following the meeting , Prime Minister Li Keqiang said the government should take the policy as soon as possible to stabilize growth and boost domestic demand , according to Xinhua news agency . " This reinforces our view of further policy easing in the second quarter , " said Zhang .

 

Nomura estimates that the People 's Bank of China ( PBoC ) will cut the reserve requirement ratio ( RRR ) of banks , the amount of money that must be set aside reserves by banks , by 50 basis points in the second quarter and 50 basis points in the third quarter . Our last central bank to cut RRR in May 2012. RRR currently stands at 20 % , close to the record level of 21.5 % . Possible rate cut also increased , said Zhang .

 

Societe Generale has a similar outlook , predicted the existence of a 50 basis point cut in RRR at the beginning of the second quarter , to cover the potential impact of capital outflows . " The recent economic slowdown is clearly more than can be tolerated by Beijing in the short term , " according to Societe Generale .

[mynameisandhy]

News and Economic Review Zone Asia (China)

 

HSBC China Manufacturing Index Drops Back

Monday, March 24, 2014

 

China's manufacturing index unexpectedly fell back , the more stressed the risk that leaders will need to add stimulus in order to achieve the economic growth target this year .

 

Purchasing managers' index from HSBC Holdings Plc and Markit Economics dropped to 48.1 in March , the company said today . The initial reading compared with the median estimate of 22 analysts surveyed by Bloomberg for the level of 48.7 and a final reading in February at 48.5 . A reading below 50 sinyalkan contraction .

 

Weakening manufacturing will make Prime Minister Li Keqiang becomes more difficult to achieve the growth target in the range of 7.5 % this year amid their efforts to curb pollution and financial risk of spiraling debt . State Council , or cabinet this month said that China will accelerate the construction projections and other measures to support the country with the world's second largest economy after slowing industrial production and investment expansion .

 

"Weakening extensively in base by over continued weakening domestic demand , " said Qu Hongbin , the chief China economist at HSBC in a statement . " We expect Beijing will launch a series of policy measures to stabilize growth . The most likely option is included lowering the entry barriers to private investment , targeting spending on the subway , air cleaning and public housing as well as providing a loan interest rate is lower. "

[mynameisandhy]

News and Economic Review Zone Asia (China)

 

China to Face Possible " mini crisis " Default On Debt

Tuesday, March 25, 2014

 

China is heading for a " mini- crisis " in local government debt market as economic reform leads to the occurrence of a default the first time , according to a former adviser to the People 's Bank of China .

 

" It will be a partial meltdown , which can be in control and a mini crisis , " said Li Daoki told reporters at the sidelines of the Credit Suisse Asian Investment Conference in Hong Kong today . " There is a very large room for the central government to resolve the problems in local government debt . The default should be allowed to restructure their debt , which is bound to happen as part of the reform measures in the second half of this year . " Said Li , a former member of the PBoC monetary policy committee and director of the Center for China in the World Economy at Tsinghua University .

 

Cities in China taking on debt to pay for the subway , waste management and roads to help finance the stimulus package of 4 trillion yuan ( $ 646 billion ) which was launched by the government at the height of the global financial crisis in November 2008 , two months after Brother Holdings Inc. . bankrupt . The value of their loans and still rising financing costs continue to rise due to increased default risks amid slowing growth in the country with the second largest economy in the world .

 

Total local government debt soared by 253 % since 2008 , in estimate by Nomura Holdings Inc. . in a report dated February 25 and the official figures from the government indicate the overall number will rise to 17.9 trillion yuan to 30 in June from 10.7 trillion yuan at the end of 2010 .

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

Advisory Abe : BOJ Possible In May Add Stimulus

Wednesday, March 26, 2014

 

The Bank of Japan may decide as early as mid-May for further stimulus if needed or not to keep inflation on track for growth target of 2 % after sales tax increase next month , said an adviser to Prime Minister Shinzo Abe .

 

" If the BOJ decided that the economy has moved away from the projected path , they will bertidak appropriately and flexibly , and further easing is more likely , " said Etsuro Honda in an interview in the Prime Minister's office in Tokyo yesterday . " I believe that the BOJ will act if they see a change in price expectations . "

 

Meanwhile , Honda , said that he became more confident that the economy will withstand higher taxation as inflation will take root in the estimate and price increases will accelerate , the first indication of a blow policy will be seen in May. Honda says that he saw a " consideration " for the BOJ rate increase bond purchases that should be considered in need of stimulus .

 

Economy will contract in the estimate to an annual rate of 3.5 % in the three months from April , when the sales tax would rise to 8 % from 5 % . Rev Abe taxes in an attempt to control the debt burden that currently the largest in the world , he even tried to end the deflation that has lasted for 15 years with monetary and fiscal stimulus as well as take steps to promote growth in the private sector .

 

A total of thirty-eight percent of economists predict that the BOJ will add to monetary easing in late June and as many as seventy- three percent see it will be done at the end of September , according to a Bloomberg News survey this month .

[mynameisandhy]

News and Economic Review Zone Asia (China)

 

Airbus Agree 70 Production Jet for China

Thursday, March 27, 2014

 

Europe's largest aircraft manufacturer , Airbus , signed a partnership with China 's state . In a business agreement between two parties , Airbus selected as the supplier of jet aircraft with a transaction value of more than $ 10 billion .

 

Negotiations between China and Airbus is already lasted longer , but finalizing terbentu carbon emissions tax rules applicable between the EU and countries outside the blue continent . These obstacles can be overcome eventually president Xi Jinping after visiting France some time ago to lobby one of the most influential countries in the region .

 

Orders will be fulfilled by the Airbus aircraft including 27 A330s and 43 series of smaller units , namely the A320 . China also signed 10 - year contracts whose contents are giving permission for Airbus to make a plane in the northern region of Tianjin until 2025. Previously , the helicopter division Airbus also announced a deal sending 1000 units of civil helicopters over the next 20 years . The agreement between Airbus and China became a symbol of improved economic relations between the two poles of the most influential in the world economy . Germany , France and the UK is opening new doors of cooperation with external parties to move the wheels of the economy .

[mynameisandhy]

News and Economic Review Zone Asia (China)

 

Chinese Economic Growth Appropriate Want

Friday, March 28, 2014

 

The Chinese premier , Li Keqiang , said economic growth should be maintained at an appropriate level . Li's comments can be a signal that the Chinese government will provide stimulus if the economic slowdown worsens . A series of data have shown the economic slowdown since the beginning of 2014 . Some economists even express the government's economic growth target of 7.5 % looks dubious . JP Morgan and BofA - ML even just predict Chinese growth of 7.2 % for 2014 .

 

" China has the ability and confidence to maintain an appropriate level of economic growth , " wrote the daily Xinhua quoted Li Keqiang . " The pressure of economic slowdown can not be ignored . Funding costs can be lowered and reform the banking system and create a better financial system . " In early March , China has accelerated the Governing Council and approved expenditure budget infrastructure projects . Last week , Chinese regulators even express company will be allowed to issue preferred shares to raise capital .

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

Japanese inflation is still 0.1 % In February Coming Tax Increase

Friday, March 28, 2014

 

Japan 's inflation rate in line with forecasts in February before the sales tax increase next week that can be a challenge in the Bank of Japan's efforts in triggering a price increase of 2 % .

 

Consumer prices excluding fresh food rose 1.3 % from a year ago, said by the statistics bureau said today in Tokyo , according to the median estimate of 30 economists surveyed by Bloomberg News on the BOJ's key inflation index . Household spending fell for the first time in six months and retail sales slowed , while the unemployment rate fell to 3.6 % , based on other data released today .

 

The third largest economy in the world is on track for a contraction in one quarter in the three months as a slowing rate of spending after the impact of a sales tax increase of 3% in April . Prime Minister Shinzo Abe had to steer his country through the obstacles , the adviser to the prime minister said that the central bank might decide in May whether they will add a stimulus that has never happened before or not .

 

" The BOJ may end up in persuasion to take action to increase the rate of inflation , " said Junko Nishioka , chief economist at the Royal Bank of Scotland Group Inc. , in Tokyo, said before the data release .

 

Core inflation will probably settle in the range of 1.2 % or 1.3 % over the next six months , said Nishioka , a former BOJ official .

[mynameisandhy]

News and Economic Review Zone Asia (China)

 

China Short Term Bond Yield Drops Sharply Since Lehman Case

Monday, March 31, 2014

 

The value of short-term bond yields slipped China at the fastest pace in five years amid growing speculation that monetary policy in the face of what perlonggar to Prime Minister Li said about the " difficulties and risks " to the economy .

 

Yields on two -year government bonds slumped as much as 93 basis points in the quarter is now a 3:41 per cent , in the Chinese data show Bond . That would be the biggest drop since a decrease of 214 basis points in the three-month period in late 2008 , when the global credit markets collapsed after the collapse of Lehman Borthers Holdings Inc. . Value of the average yields on foreign currency bonds in emerging markets fell as much as five basis points since December 31 became 5:51 percent , according to data collected by Bloomberg .

 

Prime Minister Li gave the warning at a meeting last week that China can not eliminate the danger of increasing pressure on the economy increased bets that the government will launch measures to stabilize growth amid various indicators such as manufacturing sinyalkan decline . As part of the initial steps , the People 's Bank of China may cut reserve requirements in the request for the first time since May 2012 , according to analysts at Credit Suisse Group AG and Nomura Holdings Inc. .

 

" The decline in the yield on short-term bonds has pushed for further easing estimate and also a reduction in the overall duration duration by investor risk aversion behind ongoing , " said Wee - Khoon Chong , an analyst at Nomura Singapore . " The yield curve tends to go down and bonds tend to be steep in the environment of monetary easing . "

[mynameisandhy]

News and Economic Review Zone Asia (China)

 

World Bank cuts China's 2014 growth target

Monday, April 7, 2014

 

World Bank lowers China's economic growth target due to the poor performance of the domestic economy of the country at the beginning of the year . The World Bank now projects China's GDP increased by only 7.6 % in 2014 , slightly lower than the previous target ( 7.7 % ) .

 

The decrease results , economic data reflect a period of slowdown in the country the second largest economy of the world. Even so , the World Bank assess the climate of the country is able to create a uniform and consistent growth in the long term . Own government has set ambitious targets through a reform agenda that was published in November last year , in which include financial sector reform and restructuring of state-owned enterprises and services . " If it can be implemented , these reforms will have a positive impact on the employment sector and capital markets , as well as assisting sustainable economic growth , " the assessment report World Bankd nature . Several points are considered to contribute to the reform of economic growth , among others in the sector bureaucracy , regulation , and taxation of land .

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

BOJ refrained from Extra Additions Monetary Stimulus

Tuesday, April 8, 2014

 

Bank of Japan refrained from adding extra stimulus as policy makers said that the country with the world's third largest economy can sustain its recovery despite last week in naikannya sales tax .

 

Governor Haruhiko Kuroda and the council members maintain its promise to expand the monetary base at a rate of 60 to 70 trillion yen ( $ 681 billion ) per year , the central bank said in a statement today in Tokyo , according to estimates from all of the 36 economists in a Bloomberg News survey .

 

The central bank will add more stimulus in July to push inflation close to the target of 2 per cent and to strengthen the economy ahead of the others in the possibility of a tax increase next year , according to a Bloomberg survey . The economy has continued its moderate recovery , " although with some fluctuations due to the increase in the consumption tax , " the BOJ said today .

 

"I expect the BOJ will add expansive policies between May or July , " said Yasuhide Yajima , chief economist at NLI Research Institute in Tokyo , said before the report was released . The economy will slow down and be slow price increases from April to June due to the increase in sales tax . "

[mynameisandhy]

News and Review of European Economic Zone

 

Weidmann : Risk of Deflation Still ' Quite Limited '

Thursday, April 10, 2014

 

European Central Bank ( ECB ) reiterated that it is ready to use " instruments that are not konvensonal " eurozone inflation rate is also still attached at a low level , but also expressed their expectations according to the inflation rate will rise gradually . Bundesbank head Jens Weidmann , who is also a member of the ECB's policy council , said the risk of deflation is still small , blaming factors " outside " the control of the ECB as the cause of the slow growth rate of the current price .

 

" Mario Draghi made ​​this point quite clear in his last press conference . We believe that the risk of deflation is quite limited so we describe the outlook for inflation, which shows a gradual recovery and this recovery will be reflected in the increase in the rate of inflation in betahap , " Weidmann said . " Board policy says if too prolonged period of low inflation , then we will consider their unconventional instruments .

 

Weidmann refused to discuss in more detail about what policy will be adopted by the ECB if eurozone inflation continues to be at a low level and add bahwaECB should also consider the limitations of its mandate . Weidmann will meet with International Monetary Fund ( IMF ) in Washington for meetings of the IMF and the World Bank Group which started on Friday . The ECB has resisted advice from the IMF , who openly expressed his concerns about the risk of deflation and proposed monetary easing in the euro zone .

[mynameisandhy]

News and Review of European Economic Zone (UK)

 

Bank of England Hold Interest Rates At 0.5 %

Thursday, April 10, 2014

 

The Bank of England kept interest rates at a record low of 0.5 % on Thursday , according to estimates, as well as the UK economy to fully recover from the financial crisis . Economists also do not expect any changes to BOE policy , and most also forecast a rise in interest rates within one year duration . The BoE also maintains an asset purchase of the quantitative easing program at 375 billion pounds , according to a previous commitment not to reduce the amount of the purchase after start raising interest rates .

 

The unemployment rate is still slightly above the 7 % level of the central bank in August as the limit to start considering a rate hike . In February , the BOE added that it expects interest rates will persist for a while after unemployment fell to below the level of 7 % . Despite strong growth rates in the last year and a bright outlook for 2014 compared to other developed countries , the UK output is still below pre - crisis highs , lagging behind the U.S. and Germany , both of which recovered more quickly .

[mynameisandhy]

News and Review of European Economic Zone (Greece)

 

Sign In Bond Markets , Greece 3 billion euros Seek Revenue

Thursday, April 10, 2014

 

For the first time since undergoing bailout , Greek government re- access the credit markets . Athens authorities will attract fresh funds worth 3 billion euros ( $ 4.15 billion ) through the sale of 5 -year bond today .

 

Demand for air- bond yield jumped to 4.95 % over 20 billion euros so that the yield is low tide to come under government estimates . On Wednesday , Reuters reported that the 5 -year tenor bonds Greece will be released in the range of 5 % yield to 5.25 % and rake in the funds targeted 2.5 billion euros .

 

For the first time since taking a bailout program the European Union in 2010 , Greece could again raise funds in the debt primary market . While in the secondary market , the yield on 10-year bonds fell to 5,883 % was observed (data Tradeweb ) . For the first time since 2010, the Greek bond yield down to below 6 % on Wednesday .

[mynameisandhy]

News and Economic Review Zone Asia (China)

 

Central Bank of China Forced weakening Yuan

Friday, April 11, 2014

 

Yuan exchange rate today tracked down against the U.S. Dollar. USD / CNY rose in the center of China's central bank's efforts to weaken the exchange rate.

 

Although the dollar is weak against most tend currency, Yuan actually depreciate. Yuan now perched on the 6.2134 price or weaker than yesterday afternoon, 6.2125. Parity itself pegged by the People's Bank of China at the 6.1495 level in order to compensate for the weakening dollar. "Investors do not dare to sell the dollar right now, especially after the central bank to boost the USD through commercial banks large scale," according to Dow Jones Newswires source in Shanghai.

[mynameisandhy]

News and Economic Review Zone Asia (China)

 

Look forward to the Chinese market Restless Growth Data

Monday, April 14, 2014

 

Optimism on economic growth will be tested again this week as the focus among investors focused on the important data that China will release the growth rate of gross domestic product ( GDP) of the first quarter .

 

But in general , the market seems less enthusiastic about the data that was originally to be aired on Wednesday ( 16/4 ) . Because the fourth quarter GDP figure was expected to slow down to a level of 7.3 % from the previous quarter to 7.7 % year-to- year . As for his quarterly , is projected to decline 1.4 % from the previous 1.8 % .

 

In the previous week , investor pessimism began to appear after consumer inflation ( CPI y / y ) misses below expectations including producer price inflation ( PPI y / y ) is increasingly disappointing . Even at the beginning of the month , PMI manufacturing data - recorded back in March HSBC declined .

 

Concerns over the slowdown problem exacerbated after China's Vice Minister of Finance - Zhu Guangyao on Sunday ( 13/4 ) confirmed that it is working to address the threat of financial risk in the face of danger as a result of a hard landing quality assets that bad . So it is necessary to take decisive steps and measures to mitigate them .

 

Zhu warning that appears when attending meetings of the IMF ( International Monetary Fund ) in Washington over the weekend ( April 12-13 ) . And a series of increasingly poor fundamentals actually exacerbate the market expectation of running a larger stimulus from Beijing . Previously , the Chinese market has diceriakan by news of the government ( State Council ), which announced a mini stimulus in early April last

[mynameisandhy]

News and Economic Review Zone Asia (China)

 

The level of new loans in China Under Estimate

Tuesday, April 15, 2014

 

Banks in China recorded a number of new loans amounting 1:05 trillion yuan (168.8 billion dollars) in March, according to an estimate of 1 trillion yuan, but well above the 644.5 billion yuan in the previous month, according to central bank data showed on Tuesday. M2 money supply grew 12.1% last month from a year ago, according to a statement on the site of People's Bank of China, www.pbc.gov.cn, below forecasts for a gain of 13%. Loans in arrears yuan rose as much as 13.9% from a year ago compared to a forecast for growth of 13.9%.

 

The central bank also said China's total social financing aggregate, the size of the liquidity of the economy, are at 2:07 trillion yuan in March compared with 938.7 billion yuan the previous month. China's fiscal reserve, which is the largest in the world, rose to 3.95 billion dollars from 3.82 billion dollars at the end of the previous quarter.

[mynameisandhy]

News and Economic Review Zone Asia (China)

 

China's economy grew by 7.4 %

Wednesday, April 16, 2014

 

China's economy grew at an annual pace of 7.4 % in the first quarter this year , slowing from 7.7 % in the last quarter of 2013 , according to data on Wednesday . Data gross domestic product ( GDP ) was only narrowly over analysts' expectations for a gain of 7.3 % . Beijing released a mini stimulus package earlier this month amid signs of weakening Chinese economy , perkeonomian second largest in the world after the U.S. and the largest economy in Asia .

 

" GDP data slightly better than I expected , " said Francis Cheung strategic head of China and Hong Kong at the CLSA . " This is a good signal that the government can bring the economy towards a soft landing this year , although I think there is a big risk , especially in the second half of this year . "

 

The data are released simultaneously showed China's industrial output rose 8.8 % in March from a year ago compared to perkirakaan analysts to rise by 9 % . Penjulan retail level in China nanik as much as 12.2 % in March from a year ago compared with expectations for a gain of 12.1 % , while fixed asset investment first quarter rose as much as 17.6 % from a year ago compared to market expectations for a gain of 18.1 % .

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

BOJ Kuroda Stay Positive on the Economy

Wednesday, April 16, 2014

 

Bank of Japan Haruhiko Kuroda on Wednesday reiterated a positive view on the economy , even as rocking financial markets , emphasizing that the growth rate will rise around mid- year as the impact of the sales tax increase fade . The price increase will expand as the economy continues to improve gradually, added Kuroda , pandagannya reiterated that Japan was on the path to the central bank 's inflation target of 2% in about a year .

 

" It is true that the Tankan survey released this month showed a series of companies , particularly automotive manufacturers and retailers , more worried about the outlook perkeonomian , " Kuroda said . " But the confidence level is high and corporate capital spending plan for fiscal year 2014/15 is solid. Companies maintain a positive attitude , " he said .

 

BOJ officials have repeatedly expressed optimism that the increase in national sales pajkan this month would not hamper the economy or inflation mencetah to achieve the central bank's target of 2% . But many economists and traders said the BOJ will have to ease policy again , possibly in July , as the rate of increase in consumer prices is expected to be hampered . BOJ difficult to bridge differences on the perception of the policy step further . Optimism contrasts with the BOJ , the government will revise down its assessment of the overall economy due to the impact of tax increases in the monthly report that will be released soon , according to the Nikkei business daily .

 

Kuroda stressed that perkeonomian will weaken in the months from April to June due to the impact of tax increases , but will return to grow above its potential , estimated to be around 0.5 % , thereafter with improved levels of employment and wages . He warned , that although Japan has only half the way to the BOJ 's inflation target , a view recently began he stressed , will probably keep alive market expectations that the central bank is ready to act if the economy slows .

 

" For the moment , what is important is that we do our best to achieve the 2 % inflation target as soon as possible , " said Kuroda . The next meeting for the BOJ 's policy review scheduled on April 30 , when the BOJ will release economic projections and long-term inflation , is expected to show Japan will reach the level of inflation at around 2 % for at least 2 years from mid-2015 .

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

Japan Consumer Sentiment Down in March

Thursday, April 17, 2014

 

Japanese consumer confidence in March fell to its lowest level since August 2011. Consumer confidence is expected to return this month due to slump in the sales tax increase as of 1 April.

 

Cabinet Office said consumer confidence level of 37.5 in March , down from February's 38.5 . All components of the level of trust that consists of five items showed a decline , led by a desire to purchase the item durable goods are down by 2 points to 30.8 . Approximately 90 % of survey respondents expected prices to rise over the next 12 months.

 

Contractions are estimated to occur in this quarter to be more difficult to recover due to the drop in consumer sentiment , and increase the likelihood of the Bank of Japan will provide additional stimulus . Rising prices are the efforts of Prime Minister Abe maintains the third largest economy in the world , but stagnant average salary level in Japan becomes a problem following the price increase .

[mynameisandhy]

News and Economic Review Zone Asia (China)

 

New Home Price Increase Slows in China in March

Friday, April 18, 2014

 

The average price of new homes in 70 major cities in China rose as much as 7.7 % in March from a year earlier , slowing from an increase of 8.7 % in the previous month , according to Reuters calculations based on government data released on Friday . For the monthly rate , the price has increased by 0.2 % in March , down from an increase of 0.3 % in February .

 

National Bureau of Statistics said new home prices in Beijing rose as much as 10.3 % in March from a year earlier , compared with an increase of 12.2 % in February . House prices in Shanghai rose as much as 13.1 % in March from a year ago , compared to a growth of 15.7 % in February . China's property market has slowed since late 2013 as the government tightened controls on speculative buying , and as the banks make home buyers and developers little more difficult to get a loan .