mynameisandhy Posted March 4, 2015 Author Report Share Posted March 4, 2015 News and Economic Review Zone Asia (China) PBOC Cuts Interest Rate Loan Special Wednesday, March 4th, 2015 People's Bank of China again took steps to spur the economy by lowering interest rates to businesses. The move comes a few days after it lowered its benchmark interest rate by 25 basis points to 5.35%, as well as deposit rates were also cut by 25 basis points to 2.5%. The Chinese central bank lowered interest rates specific short-term, also known as the standing lending facility. MarketWatch reported based on the statements of people who did not want his name published, said the PBOC lowered the overnight rate to 4.5% from the previous 5%, and the seven-day interest rate fell to 5.5% from 7%. China's economy grew 7.4% in the last year, to its lowest level in nearly a quarter of the last century. Many economists expect the Chinese government will lower economic growth forecast this year to 7% Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted March 5, 2015 Author Report Share Posted March 5, 2015 News and Economic Review Zone Asia (China) Chinese PM: Corruption Inhibits Economic Progress Thursday, March 5th, 2015 Just like in Indonesia, China is still struggling to suppress the action of corruption especially among bureaucrats. Premier Li Keqiang made sure he did not play in the effort to eradicate korupsu. In reading the Annual Performance Report Government today, Li Keqiang insisted he would not tolerate any act of corruption. He warned that any offender will face serious legal threat, no matter at which level they launch the action. Seriousness Li apparent when reading the report of performance, where the word 'corruption' called up to 8 times. He claimed that this criminal act is still a major problem in government, which is why he always stressed to the ranks of high integrity. According to the results reported speech Wall Street Journal, Prime Minister Li admitted that there are some small elements in the government who still misusing authority and state money. It was claimed would undermine the achievement of the economic growth target of 7% at the government in 2015. Given the funding cuts spending by elements result in a decrease in absorption of the budget by economic sectors eligible to receive it. Concrete measures to eradicate corruption began in earnest the Chinese government, one of which is cut funds overseas visits by state officials, vehicles and medical facilities as much as 35%. Prime Minister Li asked his staff to stay away from what is called the driving factors of corruption that formalism, bureaucracy, hedonism and excessive life. China itself is a little country that dared to impose strict punishment to the criminals, the death penalty. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted March 9, 2015 Author Report Share Posted March 9, 2015 News and Economic Review Zone Asia (Japan) BOJ Nakaso warns Impact of Oil Price Decline Monday, March 9th, 2015 The Bank of Japan should return to loosen policy further if the decline in oil prices hamper efforts to boost inflation expectations rise, according to the deputy governor of the BOJ, emphasizing the central bank's readiness to add stimulus to achieve ambitious inflation target. But Hiroshi Nakaso also mengatkan only the decline in oil prices would not trigger a step further in the near future because the BOJ is focusing on whether inflation is accelerating as the support of a solid economic recovery. Nakaso said the drop in oil prices may be pressing down the price level in the short term but will menodorng inflation rate in the long-term perspective for profitable oil importing countries such as Japan. He added that the BOJ will adjust monetary policy if there is a change in the trend of the price and if needed to achieve the inflation target of 2% faster. Nakaso also said the decline in oil prices since last summer has eroded Japanese income of about 7 trillion yen (58 billion dollars). The decline in oil prices has slowed the rate of inflation annual consumer infto be 0.2% in January, enabling further easing by the BOJ this year. Nakaso said the BOJ are monitoring a number of indicators, not only the rate of consumer inflation, in assessing whether Japan is on track to achieve its inflation target, dismissed the view that the decline in oil prices will trigger policy measures in the near future. The time to achieve the inflation target of 2% may vary, depending on the movement of oil prices, but what is important is the overall price trend, added Nakaso. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted March 9, 2015 Author Report Share Posted March 9, 2015 News and Economic Review Zone Asia (Japan) BOJ officials: Exchange Japanese Yen Should Reflect Conditions Monday, March 9th, 2015 Bank of Japan (BOJ) began to change his attitude about the performance of the exchange rate of the domestic currency. Deputy Governor Hiroshi Nakaso now turned confirms that the movement of the yen should reflect Japan's economic and financial conditions, not just views of the pros and cons of the government's economic and fiscal actors. In a conference in the city of Matsuyama, Japan West, Nakaso expressed his opinion about the Yen exchange rate. He believes that the ideal conditions for the exchange rate is supposed to represent the condition of a country, not intentionally designed to benefit the employers and the government. His statement was not in line with the statement of the governor Haruhiko Kuroda, who repeatedly describes the various advantages of low Yen exchange rate on the domestic economy. However, Nakaso not denied that the weakening yen is a benefit for some parties, such as exporters. Those who sell their goods abroad clearly more profitable when the yen weakened because product prices out to be cheaper. Instead, he did not want to comment on the trend of strengthening the dollar after last Friday's employment data and do not want to answer questions about how the ideal Yen exchange rate. The exchange rate of USD / JPY is now observed at position 121 018. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted March 10, 2015 Author Report Share Posted March 10, 2015 News and Economic Review Zone Asia (China) China's Inflation Rate Increases Consumer Quick Tuesday, March 10th, 2015 China's consumer inflation rate quickened in February, rebounding from a low levle 5-year in January, but the level is still in the factory price deflation, signaling a positive environment for additional stimulus from the government. The consumer price index (CPI) rose by 1.4% to an annual rate, higher than the expected increase of 0.9% and following a rise of 0.8% in January. However, the producer price index (PPI) fell by 4.8% in February, worse than the estimated decline of 4.3%, and following a decline of 4.3% in January. Stock markets opened lower after the data was released, the Shanghai Composite Index opened down 0.5% to the low level of the week, while the Hang Seng index fell 0.3%. Grace Ng, China economist at JPMorgan, said on CNBC that the increase is a result of the Lunar New Year, so we have to look at the average in January and February, and even possibly in March to get a clearer picture of inflation. He added that, overall, inflation remains under control so that means there is still room for monetary policy side. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted March 11, 2015 Author Report Share Posted March 11, 2015 News and Economic Review Zone Asia (China) Exit Simultaneously, 3 Chinese data released Negative Wednesday, March 11th, 2015 China's economy proved to be slowed in the first two months of 2015. This is reflected in the decline in industrial production and investment assets of a report released by the government some time ago. The results of industrial production or industrial output rose by 6.8% compared to January and February 2014 ago. Whereas in December, similar data was up 7.9%, according to the National Bureau of Statistics of China. Meanwhile, if compared on a monthly basis, industrial production increased by 0.45% in February compared to January 2015. Previously, the Wall Street Journal survey of analyst estimates industrial production rose 7.6% or above on real data today. Industrial production report in January and February released simultaneously to reduce the distortion figures due to the Chinese New Year celebration. Given this moment often makes industrial production jumped sharply compared to regular months. While for the period December 2014 - January 2015, the government has not announced an increase or decline. Separate data also show that the current fixed asset investments or fixed-asset investment in the non-urban areas increased by 13.9% between January and February 2015. The ratio of the increase was smaller than the annual percentage increase in 2014, which reached 15.7% and analysts estimate at 15.1%. While retail sales report January-February 2015 are also not very good, only rose 10.7% compared to the percentage increase of 11.9% in December. Retail sales figures also do not meet analysts' estimates at the level of 11.5%. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted March 12, 2015 Author Report Share Posted March 12, 2015 News and Economic Review Zone Asia (China) PBOC Zhou: Monetary Policy Will be Maintained Thursday, March 12th, 2015 China's monetary easing implemented in the past four months managed to increase positive sentiment in China with a new loan rate for February rocketed to 1:20 trillion yuan so does the amount of money circulating in February were up by 12.5%. People's Bank of China (PBOC) twice cut its benchmark interest rate and one trim level required reserve ratio in the last four months to withstand the economic slowdown. PBOC governor, Zhou Xiaochuan, apparently trying to defuse the high speculation on interest rate cuts this year by stating that monetary policy had a decent run so do not need to be changed. Zhou also viewed prediction kenikan US interest rates as a sign of improving global economy. China will also remove the ceiling on deposit interest this year and will launch a deposit insurance system in the mid-year, Zhou said at a press conference in Beijing in the grand event of the National People's Congress. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted March 13, 2015 Author Report Share Posted March 13, 2015 News and Economic Review Zone Asia (Japan) Aso: Weakening Yen Positive For Economy Friday, March 13th, 2015 A weaker yen is positive for Japan's economy, according to Finance Minister Taro Aso on Friday, reiterated that the government's policy to stimulate the economy through aggressive monetary easing. Aso said that a weaker yen is basically positive for the economy, along with the decline in oil prices and low interest rates. The comments came after the yen touched its lowest level 7-1 / 2-year high against the dollar this week. A weaker yen has a mixed impact on the economy, while can help large exporters by making their products more competitive overseas, domestically oriented companies face difficulties in rising prices of imported raw materials. The yen has weakened about 30% against the dollar after Prime Minister Shinzo Abe took office in late 2012, as he launched an aggressive monetary easing program that aims to ward off deflation. On Friday, Aso defended government policy, said many things that must be considered in assessing the condition of the economy and that the weakening of the yen has a positive and negative impact on the economy. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted March 16, 2015 Author Report Share Posted March 16, 2015 News and Economic Review Zone Asia (China) Shanghai index rally, Supported By Chinese prime minister Statement Monday, March 16th, 2015 China's stocks rose, with the benchmark index rose to its highest level since August 2009, after Prime Minister Li Keqiang pledged to act if economic growth slows down too much. Shares Hundsun Technologies Inc. and Glodon Software Co. jumped more than 9% as the index of technology stocks extend gains this year to 40% after Li encourage the development of e-commerce sector. Shares of China Mobile Ltd. rose to its highest level in a month in Hong Kong. Shares Haudong Medicine Co. shot up to a daily limit of 10% to lead the consumer sector stocks higher. Shanghai Composite Index rose 2.3% to 3,449.31 at the close of trading, extending a gain of 4.1% in the last week. Li on Monday said that the government will take additional measures if growth in China, which is targeted by the government for about 7% for this year, the government is moving towards lower limit and reduce the number of workers or wage. About 3 trillion yuan ($ 479 billion) is prepared to go public last week, according to the median estimate in a Bloomberg survey of brokers. Yen Chiu, traders in Shenwan Hongyuan Group Co. in Hong Kong said that the positive tone of Li has improved investor confidence. Technology stocks get support on economic dependence on the sector for growth. " Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted March 17, 2015 Author Report Share Posted March 17, 2015 News and Economic Review Zone Asia (Japan) Maintaining the Bank of Japan Monetary Policy Unchanged Tuesday, March 17th, 2015 The Bank of Japan on Tuesday decided to keep monetary policy unchanged, indicating optimism that policy makers will continue the trend of the price until the end of the year without the need for additional stimulus. BoJ estimates cheaper energy prices and expectations of wage increases on large companies will eventually stimulate consumer spending, boost growth and help banks achieve the inflation target of 2% around spring 2016. In a statement issued after holding a 2-day meeting, The BoJ said that if the voting results show comparisons policy board voted 8-1 to maintain the pace of annual asset purchases in figure ¥ 80 trillion ($ 660 billion). Faced with the fall in energy prices, the Bank of Japan in October last year has led a number of global central banks to loosen credit to cool fears of deflation and shore up the flagging economy Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted March 17, 2015 Author Report Share Posted March 17, 2015 News and Economic Review Zone Asia (China) The number of China's Foreign Direct Investment Up 0.9% in February Tuesday, March 17th, 2015 China attracted $ 8.56 billion of foreign direct investment (FDI) in February, an increase of 0.9% from a year ago, said the Ministry of Commerce said in a statement on Tuesday. The numbers are down significantly from January, which amounted to $ 13.92 billion, 29.4% higher than a year ago. Figures for the first two months are usually volatile, given that the Lunar New Year holidays fall time is always different in each year, it usually affects the comparison. FDI period January-February rose by 17.0% in the annual rate of $ 22.48 billion. Non-financial foreign direct investment rose by 68.2% from a year ago in February to $ 7.25 billion. For the first two months of this year, the figure rose by 51% in the annual rate of $ 17.42 billion. Although China is still the highest FDI recipient in the world, wages and land prices have risen and ekonokmi growth has slipped in recent years, it makes it unattractive to foreign investors who rely on low-wage workers to produce goods at low prices. In 2014, FDI increased by 1.7% to $ 119.6 billion, with the largest growth coming from South Korea, the United Kingdom and Hong Kong. Investment services accounted for approximately 55.4% in the last year and manufacturing accounted for about 33.4%, with the remainder divided into other categories. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted March 18, 2015 Author Report Share Posted March 18, 2015 News and Economic Review Zone Asia (China) China Buy Foreign Currency Amounting to $ 6.75 billion in February Wednesday, March 18th, 2015 According to The Wall Street Journal calculations based on data released by the central bank on Wednesday, financial institutions and the central bank to buy foreign currency amounted to 42.2 billion yuan ($ 6.75 billion) in February. Figures in February, as opposed to sales of 108.3 billion yuan in January, probably will relieve some of the anxiety about the flow of capital flowing out of China. Total currency position of the banking system amounted to 29.34 trillion yuan at the end of February, up from 29 301 trillion yuan at the end of January, according to central bank data. Although the data include purchases by commercial banks and other financial institutions, they mostly reflect purchases by the central bank. This figure is seen as an outline to guide changes in domestic liquidity conditions, but it does not indicate how much of the inflow to the central bank which has been sterilized by the central bank penerbutan debenture or other measures. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted March 19, 2015 Author Report Share Posted March 19, 2015 News and Economic Review Zone Asia (China) China Growth Concerns Return eroded Iron Ore Price Thursday, March 19th, 2015 Iron ore prices plunged to their lowest level since the financial crisis of 2008 on Wednesday, amid concerns that China's weak demand and an increase in mining output will aggravate the flood of global supply. Prices main steelmaking ingredient has lost about 23% so far this year, after falling 47% in 2014. The increase in the supply of Australian iron ore exporter in the world, have flooded the global market and help suppress the price. At the same time demand from China, which accounts for about 60% of global iron ore demand, should decrease with slowing growth in the 2nd largest economy in the world. Negative pressure on the price of iron ore has increased, especially after the Chinese government earlier this month launched the economic growth target of 7% for the year 2015. This figure is low compared to the expansion of surplus of 7.4% achieved in 2014. Iron ore prices become sensitive to changes in the economic outlook because steel is widely used in commercial and residential construction, as well as in various industrial applications. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted March 20, 2015 Author Report Share Posted March 20, 2015 News and Economic Review Zone Asia (Japan) BOJ Kuroda Not Seeing The existence of Signals 'Currency War' Friday, March 20th, 2015 Bank of Japan Governor Haruhiko Kuroda on Juamt refute the view that the program massive monetary stimulus by developed countries triggered a "currency war" to the devaluation of the exchange rate competitive. Central banks around the world, including in Asia such as South Korea and India, have followed the steps of Japan and the euro zone in order to boost growth kebiajkan loosening. Kuroda said he did not see any signal tensions between developed and developing countries regarding the currency exchange rate movements, denied the view that countries are vying to weaken the currency to make their exports more competitive sector. I do not see any currency war is ongoing at this time, Kuroda said at a press conference at the Foreign Correspondents' Club of Japan in Tokyo. According to the monetary policy measures by the Federal Reserve, Bank of Japan and the European Central Bank has taken to achieve the target of price stability their own, and not to weaken the currency. While the central bank does not recognize, easing monetary policy as it has been done by the BOJ and the ECB has been weakening their currencies, giving the main transmission channel to trigger growth. The BOJ has come under fire from a number of trade competitors Jerpang after the adoption of the policy of "quantitative and qualitative easing" (QQE) in 2013 sparked a weaker yen. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted March 23, 2015 Author Report Share Posted March 23, 2015 News and Economic Review Zone Asia (Japan) The Japanese government Upgrade Outlook The economy Monday, March 23, 2015 The Japanese government raised its assessment of the economy as a whole for the first time in eight months on Monday, warned that a moderate recovery trend as the improvement in factory output due to advances in corporate activity. In its monthly report the government also raised its assessment of production, corporate profits, and sentiment, fueled by further signs of economic recovery from the recession under-estimated due to the increase in sales tax in April last year. However, the government maintains the assessment of the level of private consumption and capital spending, saying that the level of consumer spending is still sturdy and capital expenditures of approximately flat, indicating that a good economic cycle is still not materialized. The report was released a week after the Bank of Japan kept its stimulus program and optimistic outlook on the economy, signaling that the Japanese were heading for the exit from the recession without further monetary easing. Japan's Cabinet Office said that the economy continues to be on a moderate recovery trend with the progress of the corporate sector. This marked the progress of the previous month, while the government said the economy is recovering moderately despite weakness in the level of private consumption and other areas. The government estimates that the economy will be helped by a drop in crude oil prices, which can push people's purchasing power and cut manufacturing costs. However, government officials warned that the positive effects spread slowly towards the consumer. Japan Cabinet Office officials said that consumer sentiment, as well as employment and income conditions, is improving, but the level of private consumption is still rising much. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted March 24, 2015 Author Report Share Posted March 24, 2015 News and Economic Review Zone Asia (China) HSBC: China's manufacturing index fell to 11 Month Low in March Tuesday, March 24th, 2015 China's manufacturing index fell to its lowest level in 11 months in March, indicating the need for more stimulus to support the performance of the plant in the country with the second largest economy in the world. Preliminary index of purchasing managers from HSBC Holdings Plc and Markit Economics was at 49.2, these results did not reach the level of 50.5 median estimate in a Bloomberg survey and down from the level in February at 50.1. Figures below 50 indicate contraction. The first reading of the momentum in March may increase anxiety of deepening decline after industrial output, investment and retail sales did not reach analysts' estimates in January and February. Premier Li Keqiang this month pledged to act if needed to sustain growth. Annabel Fiddes, economist at Markit said that this report sinyalkan "slight decline in the health of China's manufacturing sector. The latest decline in total new business contributed to the weakening of the expansion of output, while the company continued to reduce the number of their employees. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted March 26, 2015 Author Report Share Posted March 26, 2015 News and Economic Review Zone Asia (South Korea) For Encouraging Economy, Bank of Korea Add Stimulus Banking Thursday, March 26th, 2015 South Korea's central bank plans to offer additional 5 trillion won ($ 4.5 billion) direct loans to commercial banks at the beginning of next month, to help keep start-up technology investment and financing facilities and boost the economy. The additional loan, which will be available from 1 April, are expected to encourage small firms to expand business investment, the Bank of Korea said in a statement on Thursday. On the same occasion the Bank of Korea also announced an increase in the loan ceiling directly to commercial banks amounted to 20 trillion won from 15 trillion won, while also lowering the cost of borrowing. The Bank of Korea continues to launch measures additional monetary easing, having previously cut its benchmark rate by 25 basis points to a record low of 1.75%, in an effort to help spur economic growth sluggish Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted March 27, 2015 Author Report Share Posted March 27, 2015 News and Economic Review Zone Asia (Japan) Japan Inflation Rate Declines in February Friday, March 27th, 2015 Japan's inflation rate, which is one of the primary measurement tool central banks, weaker as consumer spending slumped, highlighting the weakening of the country's recovery from recession. Consumer prices excluding fresh food rose by 2% in February from a year ago, the result was below the 2.1% median estimate of analysts. The decline in household spending and retail sales, even when the job market is getting tougher and the prospect of improved wage increases, indicating that the persistence of the effect of tax increases in the past year. BOJ Governor Haruhiko Kuroda said that any reduction in price will only be temporary and would not stop the bank's efforts to achieve the target of 2%, the economists surveyed by Bloomberg expect that additional stimulus will occur in October. Takuji Okubo, an economist at Japan Macro Advisors in Tokyo said that the household sector is still suffering from a tax increase sales volumes of April. This is bad news back to the Japanese economy, which refers to the number of shopping. Shopping household sector fell by 2.9% from a year ago, while retail sales fell 1.8%. Nevertheless, the increase in the wage rate to a record high and energy prices are slumping should be a positive impact, so that the BOJ should "remain silent" in monetary policy, added Okubo Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted March 30, 2015 Author Report Share Posted March 30, 2015 News and Economic Review Zone Asia (Japan) Japan Industrial Production Down in February Monday, March 30th, 2015 Ministry of Economy, Trade and Industry of Japan reported industrial production fell 3.4% in February. The decline was worse than expected drop of 1.8% by economists surveyed by Reuters. The decline is also the biggest since June 2014. The Ministry is also projected in March production manufacturing companies will drop 2.0%, better than the 3.2% decline in the previous projection. As for the month of April is projected to rise 3.6%. Managing director of JP Morgan Securities, Jesper Koll, on CNBC saying the fiscal year began on 1 April made Japanese companies are trying to spend finished goods inventory by lowering the amount of production, and basically the company will increase production at the beginning of the fiscal year. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted March 31, 2015 Author Report Share Posted March 31, 2015 News and Economic Review Zone Asia (South Korea) Anticipation of US policy, South korea Rely on Domestic Economy Tuesday, March 31, 2015 All developed and developing countries certainly affected by monetary tightening United States (US). The rise in interest rates could potentially threaten economic growth exporting countries, South Korea is no exception. However, the land of ginseng is believed to not be dropped because domestic consumption could rise in the next few months. According to the Goldman Sachs analyst told Dow Jones Newswires, the number of domestic demand will increase in 2015, although the rate of exports are likely to remain stagnant. Cheapness world oil prices a major consideration behind the potential for strengthening the purchasing power of consumers. While at the same time, market conditions returned to normal occupancy can play a major role in economic growth fueled demand for durable goods. Goldman projections released shortly after South Korea's industrial production rose in February. Therefore, any negative effect of rising interest rates Federal Reserve Bank is expected to be minimized thanks to fiscal and macroeconomic conditions are strong. According to the latest data, the result of increased production due to high spending amid the celebration of the Chinese New Year and the increase in interest-based infrastructure investments. Figures production factories in Korea rose 2.6% and higher than the revised January 2015, the minus of 3.8% Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted April 1, 2015 Author Report Share Posted April 1, 2015 News and Economic Review Zone Asia (Japan) Japan Tankan Business Survey Unchanged in First Quarter Wednesday, April 1st, 2015 Tankan survey of the Bank of Japan showed large Japanese manufacturing companies still showed pessimism about government efforts to spur the economy. Based on a survey conducted in March, Tankan index, which assesses a large manufacturing company sentiment towards the current economic conditions, released by +12. The index number is the same as the survey last December, but lower than the estimate of economists surveyed by the Wall Street Journal at +14. The survey was released in line with several previous indicator that shows the level of the low level of consumption and the weakening of inflationary pressures, while exports and industrial production signaled varied. If the Japanese economy failed to show an increase in the next few months, the pressure will be even greater for the Bank of Japan to increase monetary stimulus program. The Tankan survey also showed large companies plan to reduce investment by 1.2% in the current fiscal year ending March 2016, from the previous fiscal year Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted April 2, 2015 Author Report Share Posted April 2, 2015 News and Economic Review Zone Asia (China) Chinese authorities fox Deposit Guarantee Scheme Thursday, April 2nd, 2015 The authority of the Chinese government announced a new deposit guarantee scheme risk margin pressing state-owned banking company. The bank deposit scheme guarantees only 99.6% of depositors who perform above 500,000 yuan deposit equivalent $ 80.700 which will begin effective as of May 1, 2015. These changes will reduce the attractiveness of deposits in a bank, as long as consumers believe that the deposits in state-owned banks will get a full guarantee of the government implicitly, but with the changes in all the bank guarantee scheme, the government reduced the attractiveness of these hypotheses. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted April 3, 2015 Author Report Share Posted April 3, 2015 News and Economic Review Zone Asia (South Korea) South Korea Welcomes reached Resolution Nuclear Iran Friday, April 3rd, 2015 Economy of South Korea (ROK) is being slowed down the last few years due to a decline in exports. Various methods are used by the government to revive the economy, particularly via extra loose monetary policy. The South Korean government recognizes that economic actors are being pressured by the international dynamics. But authorities remain optimistic the situation will turn positive in a matter of months. Injection of positive sentiment came this week when six world powers led by the US reached an agreement with the government about Iran's nuclear resolution. South Korea believes that the deal will further lower the price of oil so that the domestic economy also rose. Shortly after rumors 'peace' between the US and Iran, South Korean Finance Minister held a meeting with his staff directly. Choi Kyung-hwan pleased with the results of Iran's nuclear negotiations because it would result in a decrease in oil prices. Western bloc agreed to revoke the economic embargo on the condition that the Tehran to open up its nuclear development projects for investigation. Yesterday in a press conference after a meeting of economic policy, Choi Kyung-hwan praised the progress of retail sales data and transaction activity in the residential sector and capital markets. According to him, the increase in consumer spending power is driven by supportive government policies and the downward trend in crude oil prices in recent months. Retail sales jumped 2.8% in February compared to January report, the figure of minus 2.8%. Market participants had pessimistic stagnant economy despite the central bank has cut interest rates to a record low of 1.75%. But with the news of Iran resolution, the optimism of the economy and investors are believed to increase. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted April 3, 2015 Author Report Share Posted April 3, 2015 News and Economic Review Zone Asia (China) Although the Up, China PMI Services Sector Still Under Trend Friday, April 3rd, 2015 One of the important economic indicators show the strengthening of the Chinese state is not too big in March 2015. Data Purchasing Managers' Index (PMI) services rose from 52.0 HSBC version (February) to 52.3 while indicating the progress in the non-manufacturing sector. A reading above 50 indicates that the service sector to expand or grow in scale bulanan.Namun new demand in the services sector grew in the slowest pace since July, and the number of workers absorbed only increased slightly. According to HSBC, an outline of the service sector activity increased slowly and are under long-term trend. In a statement, the Head of the Economic Team HSBC, Qu Hongbin said it is not quite satisfied with the increase in the amount of labor that went into the service sector. This sector has always been a pillar of the absorption of human resources for better growth than the manufacturing sector. Unfortunately over the last few years due to underperforming lethargy affected the property sector and the economic slowdown. For information, version HSBC China Services PMI is calculated based on monthly data are entered via a questionnaire to the purchasing managers in more than 400 major companies. The official data of non-manufacturing Purchasing Managers' Index released Wednesday China fell to 53.7 in March from 53.9 recorded in February Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted April 3, 2015 Author Report Share Posted April 3, 2015 News and Economic Review Zone Asia (China) Former Officer Arrested, Chinese premier Prove Commitment to Anti-corruption Friday, April 3rd, 2015 For the first time in 30 years, the Chinese legal authorities managed to drag a high-profile figure to trial on charges of corruption. According to Chinese state-owned media, the lawsuit has been filed against Zhou Yongkang, former security chief and ex-member of the High Commission of the Communist Party. Zhou reportedly charged under layered ie bribery, abuse of power and secret leakage state plan. The news was published by Xinhua News, citing a court statement. Previous news commencement of an investigation of Zhou had horrendous Chinese citizens because for the first time in decades, the government has never catch figures who have or are serving a strategic position. The last time the Chinese court jailed a key figure at the start of the 1980s, in which the figures are included in the 'Gang of Four' on trial for his involvement in the Cultural Revolution. Just like in Indonesia, China is still struggling to suppress the action of corruption especially among bureaucrats. Premier Li Keqiang made sure he did not play in efforts to combat corruption. Uniquely exactly 1 month ago, Li Keqiang insisted he would not tolerate any act of corruption. In reading the Annual Performance Report of the Government, he warned that any offender will face serious legal threat, no matter at which level they launch the action. Arrest Zhou few hours ago as if to prove the statement of the prime minister. Quote Link to comment Share on other sites More sharing options...
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