Economic news out of China were flat this week but were taken as good news considering the current European crisis. The Ministry of Industry and Information Technology expects China’s economic growth to accelerate in the fourth quarter. The deficit in their capital and financial account shrank but the government was quick to dismiss the notion of a capital flight. The current account surplus continued to grow. China exported 70.6 billion more than it imported during the 3rd quarter.
The Bank of Japan is considering further easing which could be announce the coming Tuesday. The decision could be trigggered after the economic recovery has stalled and exports have dropped 10% reaching levels seen after the Earthquake. This has urged politicians to look at the BoJ for direction and stimulus for the economy.
- China Urban Unemployment Still 4.1 percent
- China to Accelerate Growth in 4Q
- Australia CPI and China Manu. Flash PMI: Reaction
- Bank of Japan Considering Further Easing
- RBNZ Keeps Rates at 2.50% â€“ Reaction
- 4th Intervention within a week failed to weaken HKD significantly.
- Hong Kong to embark on journey of Quantitative Easing?
- Japan Consumer Prices Fall 0.1 percent in September
- China Deficit Shrinks in Q3
- HSBC PMI Survey on China Shows Recovery
- Surging Singapore Dollar seen as risk for Yuan Deposits
- Pimco Prepared to Reduce Emerging-Market Corporate Debt on China
- Maehara Presses BOJ to Ease after Japan Exports Tumble 10%
- Japan: Largest decline in exports since Earthquake
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