The Bank of Japan (BoJ) held interest rates at record lows as expected on Friday, and said inflation is likely to rise more in the near-term as the Japanese economy struggles with elevated raw material costs and supply chain issues The central bank held its target for short-term interest rates […]
GDP
Asian stocks falter as global growth fears temper tech boost
By Administrator_India Capital Sands Asian shares wobbled in a choppy session on Friday as abysmal economic data from the United States and rising global COVID-19 cases weighed on sentiment, despite strong U.S. tech earnings and signs of manufacturing recovery in China and Japan. The U.S. dollar was also set […]
South Korea posts biggest GDP fall since 2008 as pandemic cripples demand
By Administrator_India Capital Sands The coronavirus pandemic pushed South Korea’s economy into its biggest contraction since 2008 in the first quarter, as self-isolation measures hit consumption and global trade slumped. Finance minister Hong Nam-ki said in a policy meeting Asia’s fourth-largest economy should brace for a bigger shock from […]