The yen sinking to even deeper lows. Short sellers driving Japanese bond yields through the central bank’s target. Stocks on a rollercoaster ride and credit
SINGAPORE (The Straits Times/Asia News Network): While the risk of a recession in the United States keeps mounting, chances are that Singapore and most Asian economies will avoid a deep and prolonged downturn.
Industrial output unexpectedly fell 2.9% in April from a year ago, while retail sales contracted 11.1% in the period, weaker than a projected 6.6% drop.