RIYADH, Feb 22 — Bank of Japan Governor Haruhiko Kuroda said today the yen’s recent declines were largely driven by a strong dollar, shrugging off some market views that the widening coronavirus epidemic is triggering an outflow of funds from Asia. Kuroda also said he had not changed his view...
Bank of Japan Governor Haruhiko Kuroda said today the yen’s recent declines were largely driven by a strong dollar, shrugging off some market views that the widening coronavirus epidemic is triggering an outflow of funds from Asia. — Reuters pic
Kuroda also said he had not changed his view that Japan’s economy would continue to recover moderately, suggesting that he saw no immediate need for the BOJ to expand stimulus. “But the situation is still uncertain. I don’t think Japan’s moderate economic recovery is derailing.”
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ringgit falls to 4.19 against US dollar | Malay MailKUALA LUMPUR, Feb 21 — The ringgit ended the week on a lower note, tracking the weakening Asian currencies led by the South Korean won following the jump in the 2019 novel coronavirus (COVID-19) cases in the republic. At 6pm, the local note lost 100 basis points to close at 4.1900/1940 against...
Read more »
China’s central bank vows to take more steps to support virus-hit economy | Malay MailBEIJING, Feb 22 — China’s central bank will take further steps to support the virus-hit economy, including releasing more liquidity and lowering funding costs for companies, a vice governor of the bank told state media. The People’s Bank of China (PBOC) will guide market interest rates lower,...
Read more »
Ringgit to trade between 4.16-4.22 against US dollar next week | Malay MailKUALA LUMPUR, Feb 22 — When all eyes will be on the economic stimulus package to be announced on Thursday, the ringgit is expected to trade between 4.16 and 4.22 against the US dollar next week, weighed down by the delay of work resumption in China. Prime Minister Tun Dr Mahathir Mohamad will...
Read more »
China reports fall in new coronavirus cases but concerns grow over spread elsewhere | Malay MailBEIJING, Feb 22 — China reported a sharp decrease in the number of new deaths and new cases of the coronavirus today, while its central bank predicted a limited short-term economic impact and said the country was confident of winning the fight against the epidemic. Mainland China had 397 new...
Read more »
US existing home sales fall as supply tightens | Malay MailWASHINGTON, Feb 21 — US home sales fell in January amid a dearth of houses, but the supply squeeze is likely to ease as building permits and the number of homes under construction are at levels last seen nearly 13 years ago. The National Association of Realtors said today existing home sales...
Read more »
EPF announces 5.45pc dividend after ‘challenging’ 2019 | Malay MailKUALA LUMPUR, Feb 22 ― The Employees Provident Fund (EPF) delivered a solid performance for 2019 in terms of both its operational and financial results, allowing it to declare a dividend of 5.45 per cent with a payout amounting to RM41.68 billion for Simpanan Konvensional. With this, the EPF...
Read more »