China: Domestic and External Conditions are Leading to a Weakened Economic Outlook

China: Domestic and External Conditions are Leading to a Weakened Economic Outlook

From worldbank.org

Economic activity in China continues to track the ups and downs of the pandemic—outbreaks and growth slowdowns have been followed by uneven recoveries. Real GDP growth is projected to reach 2.7 percent this year, before recovering to 4.3 percent in 2023, amid a reopening of the economy, according to Navigating Uncertainty, the latest China Economic Update released today by the World Bank. “Continued adaptation of China’s COVID-19 policy will be crucial, both to mitigate public health risks and to minimize further economic disruption,” said Mara Warwick, World Bank Country Director for China, Mongolia and ... (full story)

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From @IGSquawk|Dec 19, 2022|3 comments
tweet at 10:53pm: BOJ ANNOUNCES UNSCHEDULED BOND BUYING OPERATION tweet at 10:52pm: BoJ Offers To Buy JPY600Bln Worth Of JGBs: -JPY100Bln 1-3 Year -JPY100Bln 3-5 Year -JPY300Bln 5-10 Year -JPY100Bln 10-25 YearBank of Japan announces an unscheduled JGB buying operation. JGB have plunged, Futures halted: Osaka Exchange halts JGB futures trade - limit down. There is no halt in the physical JGB market though where the slamming has continued. The Bank of Japan has stepped in to stem the losses, or at least slow them. • Offers to buy up to JPY 100bn in 1-3yr JGBs. • JPY 100bn in 3-5yr JGBs. • JPY 300bn in 5-10yr JGBs. • JPY 100bn in 10-25yr JGBs.
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From bnnbloomberg.ca|Dec 19, 2022|4 comments
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From boj.or.jp|Dec 19, 2022|14 comments
In accordance with the guidelines for market operations and asset purchases decided at the Monetary Policy Meeting today, the Bank of Japan has decided to implement following ...

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From federalreserve.gov|Dec 20, 2022
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From @financialjuice|Dec 20, 2022|2 comments
tweet at 1:32am: BOJ'S GOVERNOR KURODA: JAPAN'S MARKET HAS BEEN HIT BY VOLATILITY ABROAD. tweet at 1:33am: BOJ'S GOVERNOR KURODA: MARKET FUNCTIONALITY WAS DECREASING. tweet at 1:34am: BOJ'S GOVERNOR KURODA: WILL CONSIDER CORPORATE BOND ISSUANCE CONDITIONS. tweet at 1:34am: BOJ'S GOVERNOR KURODA: I EXPECT A SMOOTH PENETRATION OF EASING EFFECTS FROM HERE. tweet at 1:36am: BOJ'S GOVERNOR KURODA: UNCERTAINTIES ARE EXTREMELY HIGH FOR JAPAN'S ECONOMY.

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