Japan hikes rates to highest since 2008 as sustained inflation, rising wages signal ‘virtuous cycle’ in play
The move comes in line with expectations from CNBC’s survey, where an overwhelming majority of economists predicted a hike.
Asia
Trump praises President Xi, says he looks forward to ‘getting along with China’
During his campaign trail, Trump had floated imposing tariffs upward of 60% on Chinese goods.
CNBC’s Inside India newsletter: A slowing economy hasn’t dimmed India’s allure at Davos
Indian prime minister Narendra Modi had plans for India become a $5 trillion economy by 2025. The country is still over $1 trillion short of this target.
Bank of Japan is expected to hike rates this week, CNBC survey shows
Out of 19 economists, 18 agreed on prospects of a rate hike, with most pointing to a recent change in tone of the BOJ leadership as driving their expectations.
Why merger mania is coming to the fore in the mining industry
A prospective merger between Rio Tinto and Glencore would rank as the mining industry’s largest-ever deal.
A weakening yuan is testing Beijing’s resolve as Trump’s return fuels tariff worries
The question of how far and quickly the yuan will fall depends on Beijing’s resolve in countering Donald Trump’s tariffs with stimulus measures.
China keeps benchmark lending rates unchanged as it contends with a weakening yuan
Beijing contends with a weakening yuan while awaiting policy clues from the incoming Donald Trump’s administration.