text

China's central bank lets yuan fall below defensive line

China’s central bank allowed the yuan to fall below a key defensive line on the first trading day after its inclusion as a “hard currency” in the International Monetary Fund’s basket.

text

IMF's Lipton likes Bank of Japan policy revamp, calls for more "arrows"

International Monetary Fund First Deputy Managing Director David Lipton welcomed the Bank of Japan's new policy framework as a boost to its credibility, but called for more vigorous fiscal and structural policies to reflate a fragile economic recovery.

text

Okinawa gov't appeals high-court ruling backing U.S. base relocation plans

​The Okinawa prefectural government on Friday lodged an appeal to a ruling made by the Naha branch of the Fukuoka High Court supporting the central government's controversial moves to relocate a U.S. base within Japan's southernmost prefecture.

text

China lowers threshold for individual certificates of deposit

China's central bank on Monday lowered the minimum amount of certificates of deposit (CDs) by individual investors from 300,000 (45,800 U.S. dollars) to 200,000 to give more people access to this investment channel.

text

Reverse repo worth above RMB100 bln

The People’s Bank of China (PBOC), or the central bank, conducted more than 100 billion yuan of reverse repurchase agreements (repo) at the open market yesterday, a process in which the central bank purchases securities from banks with an agreement to resell them in the future, so as to deal with the short-term fluctuation in capital supply at the end of the month.

text

N. Korea wraps up ruling party congress, Kim Jong Un elected chairman

The ruling party of the Democratic People's Republic of Korea (DPRK) has wrapped up its 7th Congress which lasted four days and top leader Kim Jong Un has been elected chairman of the Workers' Party of Korea (WPK), it was announced Monday.

text

Malaysian central bank fines state investment fund 1MDB for regulatory non-compliance

Malaysia's central bank said on Thursday that it had issued a letter of administrative compound to 1MDB, a Malaysian state investment fund, for failing to fully comply with financial directions.

text

Malaysia appoint new central bank governor

Malaysian government on Wednesday announced the replacement of its long-time central bank governor Zeti Akhtar Aziz.

text

Pressure kept up on corruption during "two sessions"

Corrupt officials were given no respite during China's biggest annual political events, the plenary meetings of national lawmakers and political advisors.

text

Chinese yuan weakens to 6.5302 against USD Wednesday

​The central parity rate of the Chinese currency renminbi, or the yuan, weakened 29 basis points to 6.5302 against the U.S. dollar on Wednesday, according to the China Foreign Exchange Trading System.

text

China's state media accuses billionaire investor George Soros of avoiding Chinese economy

China’s state-run media has escalated its rhetoric against market speculation on its currency and economy, with a top mouthpiece claiming billionaire investor George Soros had “declared war against China”.

text

Japan's Okinawa mayor re-elected, demands land after U.S. airbase shutdown

Japan's ruling Liberal Democratic Party-backed incumbent Atsushi Sakima secured a second four-year term as the mayor of Ginowan City, Okinawa Prefecture, in a key election Sunday.

text

China to issue digital currency "as soon as possible"

China's central bank on Wednesday announced that it will try to issue digital currency "as soon as possible.

text

China's streamlined inspection system targets central organs

​China's top discipline watchdog is planning fewer but more efficient inspection agencies to cover all central Party and government organs.

text

China central bank projects 2016 growth at 6.8 pct

China's central bank projected its baseline forecast for 2016 growth at 6.8 percent on Wednesday, expecting the number of positive factors to gradually increase despite downward pressure on the economy.

text

Okinawa residents mark 500 days of sit-in protest against U.S. base relocation

​Some 1,000 people gathered in front of the U.S. Marine Corps Camp Schwab in Nago, Okinawa on Wednesday to mark the 500th day of the sit-in protest against the central government's plan of relocating a U.S. Air base within the prefecture.

text

Japan gov't pushes for base relocation as talks fail in Okinawa but may face legislative blockade

​Japan's central government on Tuesday maintained that it would continue with its plans to relocate a controversial U.S. marine base within Japan's southernmost prefecture of Okinawa, despite mounting opposition from both the island's locals and officials and following no headway being made on official talks on the stalled issue between central and local governments.