BOJ upbeat on regional Japanese economy, flags wage hike prospect

Many regional economies picking up moderately – BOJ report BOJ raises view for 1 of 9 regions, maintains assessment for 8 Some firms are considering raising wages, others are cautious – BOJ TOKYO, Oct 6 (Reuters) – Most of Japan’s regional economies are picking up moderately with some firms considering raising wages, the central bank … Read more

Sri Lanka holds rates as cenbank tries to stabilize harsh economic conditions

COLOMBO, Oct 6 (Reuters) – Sri Lanka’s central bank held policy rates steady on Thursday, saying monetary conditions remain “sufficiently tight” after a massive rate-hike campaign earlier in the year as the crisis-hit nation grapples with red-hot inflation. and shortages of dollars. As widely expected, the Standing Lending Facility (LKSLFR=ECI) rate was held steady at … Read more

US job openings post biggest drop in nearly 2-1/2 years in August

WASHINGTON, Oct 4(Reuters) – US job openings fell by the most in nearly 2-1/2 years in August, although staying at high levels as demand for labor remains fairly strong, which could keep the Federal Reserve on its aggressive monetary policy tightening path. Job openings, a measure of labor demand, dropped 1.1 million to 10.1 million … Read more

Thai economic recovery intact despite global volatility – c.bank chief

Economic recovery to continue No need for fast, aggressive rate hikes BOT sees 3.3% GDP growth this year, 3.8% next Baht in line with peers, has acted to curb volatility BANGKOK, Oct 4 (Reuters) – Thailand’s economic recovery should remain intact despite global volatility, while efforts to contain inflation will not disrupt the country’s growth … Read more

US investors brace for more wild market gyrations after dizzying Q3

NEW YORK, Sept 30 (Reuters) – In a year of wild market swings, the third quarter of 2022 was a time when events took a truly extraordinary turn. As the Federal Reserve ratcheted up its monetary policy tightening to tame the worst inflation in decades, US Treasury yields shot to their highest levels in more … Read more

Japan warns market fluctuations could impact economy

TOKYO, Sept 30 (Reuters) – Japan’s government on Friday warned that attention should be paid to any possible impact of financial market fluctuations on the economic outlook, while affirming its view that the economy was moderately recovering. The warning highlights Tokyo’s continued concern about market volatility a week after it intervened in the foreign exchange … Read more

UK economy still below pre-pandemic size, underscoring challenge for Truss

UK economy grows 0.2% in Q2, vs previous estimate of -0.1% Output still below pre-pandemic peak, according to new estimates UK’s big current account gap comes in narrower than forecast LONDON, Sept 30 (Reuters) – Britain’s economy unexpectedly grew in the second quarter but was below its pre-pandemic peak, contrary to an earlier estimate that … Read more

US weekly jobless claims hit five-month low; economic picture darkening

Weekly jobless claims drop 16,000 to 193,000 Continuing claims decrease 29,000 to 1.347 million Second-quarter GDP contraction unrevised at 0.6% rate Gross domestic income revised down towards GDP WASHINGTON, Sept 29 (Reuters) – The number of Americans filing new claims for unemployment benefits fell to a five-month low last week as the labor market remains … Read more

Scale of UK’s market slide spells out home truths

LONDON, Sept 29 (Reuters) – This week’s plunge in UK financial assets accelerated a longer historic decline signaling a loss of confidence among international investors that Britain may find hard to restore. Markets have been in turmoil since finance minister Kwasi Kwarteng outlined a new economic agenda last Friday. The pound fell to a record … Read more

US economic growth revised up; The gap between GDP and GDI narrows sharply.

WASHINGTON, Sept 29 (Reuters) – The US economy’s recovery from the COVID-19 pandemic was much stronger than initially thought amid massive fiscal stimulus, according to revisions on Thursday, which also showed the gap between the two measures of growth narrowing sharply in 2021. . Gross domestic product increased 5.9% in 2021, the Commerce Department said … Read more