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Top related persons:
Li Qiang - 1 Masatsugu Asakawa - 1 Li - 1
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Beijing China BEIJING
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Asian Development Bank - 1 of - 1 BEIJING — - 1 China's State Council - 1

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☆ China's premier says country will work to achieve growth targets
  + stars: | 2023-08-17 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: +1 min
Chinese Premier Li Qiang, (R) speaks during a meeting with Asian Development Bank (ADB) President Masatsugu Asakawa (not pictured) at the Great Hall of the People on July 11, 2023, in Beijing, China. BEIJING — China's Premier Li Qiang said Wednesday the country would work to achieve its economic targets for the year, according to an official readout. Li is head of China's State Council, the country's top executive body. During the meeting, Li called for expanding domestic demand and boosting consumption. He also said efforts should be made to "organically combine" security with development — in the context of promoting business overall.
Persons: Li Qiang, Masatsugu Asakawa, Li Organizations: Asian Development Bank, of, BEIJING —, China's State Council Locations: Beijing, China, BEIJING
☆ G20 watchdog homes in on decentralised finance after FTX crash
  + stars: | 2023-02-16 | by ( Huw Jones | ) www.reuters.com   time to read: +4 min
FSB member countries will now "proactively" analyse vulnerabilities from DeFi as part of regular monitoring of crypto markets, the report said. The collapse of FTX last November exposed vulnerabilities in intermediaries and DeFi, the report said. FSB DeFi Graphic 1SUPERVISION GAPSThe most worrying vulnerability in DeFi relates to "mismatches" in liquidity from different maturities in liabilities and assets, the report said. Until the sharp retreat in bitcoin prices and the FTX crash, regulators had largely focused on cryptoassets rather than related technology. FSB DeFi Graphic 2Reporting by Huw Jones Editing by Helen PopperOur Standards: The Thomson Reuters Trust Principles.
☆ Economists say BOJ's Amamiya is top governor candidate, tightening this week unlikely
  + stars: | 2023-01-16 | by ( Kantaro Komiya | ) www.reuters.com   time to read: +5 min
Of the 24 economists who replied to the Jan 5-12 poll, 16, or 67%, chose Amamiya as the most likely candidate to become the next BOJ governor. Four economists in the poll, or 17%, chose Nakaso, who is seen less dovish than Amamiya, as the most likely candidate. In a September poll that asked the same question, Amamiya and Nakaso received 61% and 33% of economists' votes, respectively. Five analysts expected the unwinding of easing to start in April, at the first BOJ meeting under the new governor. Elsewhere in the poll, 83% of economists said Japanese nominal wages were unlikely to outpace rising consumer prices in 2023.
☆ IMF's Georgieva flags inflation, China slowdown as risks to Asia
  + stars: | 2022-12-02 | by ( Leika Kihara Tetsushi Kajimoto | Leika Kihara | Tetsushi Kajimoto | ) www.reuters.com   time to read: +3 min
But she warned the outlook was "exceptionally" uncertain and dominated by risks, such as the fallout from Russia's war in Ukraine, global financial tightening and a slowdown in China's growth. But we need to rebuild and preserve buffers and be prepared to fully use our policy tool-kit," she told the same forum. The fallout from China's slowdown has been particularly painful in Asia, where factory activity slumped across the region in November. At the forum, Bank of Japan Governor Haruhiko Kuroda said he did not see a significant risk of Asia facing a sudden loss of confidence or a renewed financial crisis. "ASEAN policymakers must be vigilant" to risks and offer "clear, sufficient and timely communication to avoid unintended outcomes," he said.
☆ ADB discusses food security and developing countries
  + stars: | 2022-11-16 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailADB explains how it plans to make food systems in the developing world more robustMasatsugu Asakawa of the Asian Development Bank discusses food insecurity and the energy crisis, among other things.
☆ Asian Development Bank vows more help for crisis-hit Sri Lanka
  + stars: | 2022-09-27 | by ( Karen Lema Tetsushi Kajimoto | Karen Lema | Tetsushi Kajimoto | ) www.reuters.com   time to read: +3 min
"As a key long-term partner, the ADB stands ready to provide further support," the bank's president, Masatsugu Asakawa, told reporters at its annual gathering. read more"So we are working closely with the government in supporting the country in this challenging time," he added. However, Asia has become more resilient against financial turmoil, with an improved current account balance and sufficient accumulation of foreign reserves, than it was during the Asian financial crisis of the late 1990s, he added. "It's always a good thing to be very vigilant on this broader capital movement," he added. "I'm also trying to enhance our regional financial co-operation efforts, including that of ASEAN+3," he said, referring to a grouping of China, Japan and South Korea with southeast Asian nations.
☆ ADB plans $14 bln program to ease food crisis in region
  + stars: | 2022-09-27 | by ( ) www.reuters.com   time to read: +1 min
MANILA, Sept 27 (Reuters) - The Asian Development Bank plans to provide at least $14 billion over 2022-2025 in a comprehensive program of support to ease a food crisis in Asia and the Pacific, its president said on Tuesday. "Our response will be comprehensive, bringing into focus both the immediate and long term aspects of food security," ADB President Masatsugu Asakawa told a news briefing. The ADB said assistance under the program will begin this year, and will be drawn from across the lender's sovereign and private sector operations. Register now for FREE unlimited access to Reuters.com RegisterRussia's invasion of Ukraine has sparked a global food crisis as the conflict has disrupted supplies of food staples, fertilizer, straining a global food system already weakened by climate change impact. Register now for FREE unlimited access to Reuters.com RegisterReporting by Karen Lema; Editing by Martin PettyOur Standards: The Thomson Reuters Trust Principles.
☆ ADB head says FX intervention among tools for emerging Asia
  + stars: | 2022-09-23 | by ( Tetsushi Kajimoto Leika Kihara | Tetsushi Kajimoto | Leika Kihara | ) www.reuters.com   time to read: +4 min
"With the United States raising interest rates, emerging economies have little choice but to hike rates to avoid their currencies from depreciating too much," he said. Asakawa said many Asian emerging economies have sufficient buffers, such as ample current account surpluses and foreign reserves, to weather another crisis. "Some emerging Asian countries could intervene to prevent their currencies from depreciating. Countries like Malaysia put in place capital controls during the Asian financial crisis," Asakawa said. Asian policymakers must also prepare for when volatile market moves destabilise regional economies, he added.
☆ BOJ's dovish deputy Amamiya top candidate as next head: Reuters poll
  + stars: | 2022-09-21 | by ( Leika Kihara | ) www.reuters.com   time to read: +4 min
As Kuroda's right-hand man, he has consistently called for the need to keep monetary policy ultra-loose to ensure Japan makes a sustained exit from deflation. Like Amamiya, Nakaso is considered a safe pair of hands with his expertise on central bank affairs. The BOJ's dovish stance has made it an outlier among a global wave of central banks tightening monetary policy to combat surging inflation. "While Kuroda is at the helm, the BOJ's ultra-loose monetary policy won't change," said Takeshi Minami, chief economist at Norinchukin Research Institute. "But under a new leadership, the bank could reassess its view on the inflation outlook and thinking on monetary policy."
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