One of Bank of Japan Governor Kazuo Ueda's main challenges will be to phase out yield curve control (YCC), which has come under criticism for distorting markets by keeping long-term interest rates from rising. It also sets an allowance band of 0.5% above and below the yield target. Here is how Japan's YCC works and its potential pitfalls.
The Nikkei ended the day up 1.23% at 32,700.94. Of the index s 225 components, 198 rose, while 25 fell and two were flat. The broader Topix added 0.84% to 2,281.18. Transport equipment makers gained 1.65% to be among the top three industry sectors on the Tokyo Stock Exchange.
A crowd rallied outside federal Environment Minister Tanya Plibersek’s office demanding an end to Labor's support for the Middle Arm gas project in the NT, Jim McIlroy reports.
Sixteen-year-old Rylee Hallberg from Monticello has been pursuing balloon art for almost two years and since then, has been hired for Family Youth Community Connections events in the St. Michael-Albertville
StarBizWeek catches up with Malaysia Competition Commission (MyCC) chief executive Iskandar Ismail to find out about the progress of competition law adoption in Malaysia, the challenges he is facing as well as his outlook and hopes for the future.