HomeBlogAplenty Icon PublicationChina state planner says has ample room and tools to support economic recovery

China state planner says has ample room and tools to support economic recovery

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Nov 19, 2024

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The National Development and Reform Commission of the People’s Republic of China (NDRC) ins the country’s ‘state planner’:

Approved 97 fixed-asset investment projects worth a total of 916 bln
yuan in January – October
Expects China’s economy to sustain recovery momentum in November and December
China
has ample policy room, tools to support economic recovery

This article was written by Eamonn Sheridan at www.forexlive.com.

MUFG says Japan rate increases will accelerate, due to more inflation pressure

Nov 19, 2024

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MUFG chairman says Japan’s rate increase will be accelerated because there is more inflation pressure. Its been an active morning in Asia for yen: USD/JPY drops towards 154.00 Japanese Economic Revitalisation Minister Akazawa says crucial to boost pay Japan finance minister Kato – will continue to take action on excessive FX moves USD/JPY now off...

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Japan finance minister Kato – will continue to take action on excessive FX moves

Nov 19, 2024

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Japan finance minister Kato Important for currencies to move in stable manner reflecting fundamentals Will continue to take appropriate action against excessive forex moves Absolutely no change to our stance on forex USD/JPY is on session lows: This article was written by Eamonn Sheridan at www.forexlive.com.

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