Monetary policies and guidance of the 4 major central banks are moving in the opposite direction. US Fed and Eurozone ECB are in the hawkish camp while Japan BoJ and China PBoC are still in accommodating mode.
Widely expected to steer Japan out of its long-held ultra-loose monetary policy, Kazuo Ueda, an academic, can expect alien territory, and a very tough job. Most importantly, he must ensure any policy changes are good for the people.
SINGAPORE Singapore economy is expected to continue on its expansion path in the coming quarters as movement restrictions are progressively eased in line wit