US Market Closed Lower, Japan econ min Amari sought to soothe concerns after the downward Q4 GDP adjustments this week, noting investors should avoid turning pessimistic on the economy. Separately, a survey in local media predicted some 55% of Japan shoppers will reduce spending levels once the sales tax hike goes into effect....- PBoC Gov Zhou hinted interest rate may be pushed higher amid more prevalent "market forces", with rate liberalization coming in 1-2 years. Zhou also discussed increasing internationalization of yuan and a hands-off approach by the PBoC, even as the central bank continued to drive down the value with another 3-month low setting. Separately, CSRC chairman said China will continue to expand (Qualified Foreign Institutional Investor) QFII quota this year, and the head of FX regulator SAFE Yi Gang pointed to increased risks in cross-border capital flows. Nikkei +0.69% HS +0.19% Shanghai +0.10%
EUR$ 1.3857 S&P fut Unch European Fut +0.52%
Keep an eye on :
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