Asia
Inflation Eroding China's Bank Deposits Signals Zhou Must Increase Rates China’s inflation rate outstripped
returns on household savings for the first time in 16 months,
making it harder for officials to damp rising expectations for
price gains.
Japan May Cushion BOJ Balance-Sheet Contraction, `Preserve' Easing Options Japan’s central bank may seek next
week to counter a contraction of its balance sheet caused by the
month-end expiration of an emergency-credit program as deflation
persists in the world’s second-largest economy.
Australians Working Longer May Prompt Higher Peak in Central Bank's Rate The biggest expansion of Australian
working hours since 1998 may cause job gains to reaccelerate in
coming months, forcing the central bank to raise interest rates
higher than what Governor Glenn Stevens calls a neutral level.
BHP's Kloppers Winning in War to End Annual Price Talks With Steelmakers Marius Kloppers, chief executive
officer of BHP Billiton Ltd., is winning his war on how the
steel industry buys its raw materials.
South Korea Pressure for Low Rates Raises Inflation Threat as Lee Departs South Korea may face accelerating
inflation after Governor Lee Seong Tae left interest rates
unchanged for a 13th month under political pressure, even as his
economy is forecast to be one of the fastest-growing in Asia.
New Zealand May Trail Asia-Pacific Region in Raising Rates on Weak Rebound New Zealand’s central bank may be
one of the last in the Asia-Pacific region to raise interest
rates this year due to a “sluggish” economic recovery.
Indonesia Raises 2010 Growth Forecast to 5.5%-6% on Higher Domestic Demand Indonesia’s central bank raised its
estimate for economic growth this year to as much as 6 percent
from an earlier forecast of 5.6 percent, Deputy Governor Hartadi
A. Sarwono said in a statement on Bank Indonesia’s Web site.
Philippines Pares Bank Lending Program, Keeps Interest Rate at Record Low The Philippine central bank pared
back a lending program for banks and said it will consider doing
more to reduce cash in the economy, even as it kept interest
rates at a record low.
Mitsui, Marubeni Seek Income Streams In World's $1.2 Trillion Water Market Mitsui & Co. and Marubeni Corp.,
Japan’s second- and fifth-largest trading companies, plan to
increase investments in water projects to benefit from global
spending forecast to reach $1.2 trillion by 2025.
`Barbell' Approach Best for Asian High-Grade Debt to Reduce Risk, RBS Says Investors should employ a
“barbell” strategy for investment-grade corporate debt, buying
top-rated bonds and notes rated A or below to minimize risk,
according to Royal Bank of Scotland Group Plc.
India's Stalled Arms-Buying System Leaves Its Military Outgunned by China India, which has tripled its
defense spending in a race against China’s military buildup, is
having trouble converting the funding into weapons and equipment
its military says are urgently needed.
Thai Protesters to March on Bangkok's Main Roads, Risking Security Clash Thai anti-government protesters
plan to march on major roads in Bangkok tomorrow, risking a
confrontation with security forces charged with preventing them
from paralyzing traffic.
Indonesia's Yudhoyono Wants Australian Firms to Tap Energy-Rich Provinces Indonesian President Bambang Susilo
Yudhoyono said expanding trade links with Australia is an
opportunity for companies to invest in his country’s energy-rich
eastern region.
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