Aisa Net http://aisa-net.com/ Wed, 22 Sep 2021 16:02:01 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://aisa-net.com/wp-content/uploads/2021/05/aisa-net-icon-150x150.png Aisa Net http://aisa-net.com/ 32 32 Stocks rose the most since July before the Fed’s decision: markets are enveloping https://aisa-net.com/stocks-rose-the-most-since-july-before-the-feds-decision-markets-are-enveloping/ https://aisa-net.com/stocks-rose-the-most-since-july-before-the-feds-decision-markets-are-enveloping/#respond Wed, 22 Sep 2021 14:49:22 +0000 https://aisa-net.com/stocks-rose-the-most-since-july-before-the-feds-decision-markets-are-enveloping/

(Bloomberg) – US stocks rose the most since July, as concerns over China Evergrande Group’s debt problems eased ahead of the Federal Reserve’s policy move on Wednesday. T-bills and the dollar have changed little.

Bloomberg’s Most Read

The S&P 500 climbed to 1.3%, led higher by the energy and financials sectors. The benchmark index had fallen for four consecutive trading sessions. FedEx Corp. collapsed after slashing its earnings outlook on Tuesday night.

“It’s clear that things have gotten a little tidier instead of descending into chaos over the past few sessions,” wrote Mark McCormick, global head of currency strategy at TD Securities.

Basic resources and energy were among the top gainers in the Stoxx Europe 600 index as commodity prices stabilized after Beijing moved to contain fears of a spiraling debt crisis at Evergrande which could devastate demand in the real estate sector.

China avoided a massive sell-off as trade resumed after a holiday, after the country’s central bank increased its injection of short-term liquidity into the financial system.

Read more: The Fed’s tapering debate has become much trickier

The Fed’s potential timeline to gradually reduce stimulus measures and any change in expectations for interest rate hikes will be critical for investors, who have become accustomed to central bank stimulus measures supporting asset prices. The Fed meeting comes after a period of market volatility fueled by the woes of Evergrande. Wider restrictions on China’s real estate sector are also fueling concerns about a slowing economic recovery after the pandemic.

“The market largely expects the Fed to cut back on its bond purchases in November or December, so in theory this concept alone shouldn’t encourage too much volatility,” said Chris Weston, head of the research at Pepperstone Financial Pty. “However, markets can react in unexpected ways to the facts, especially during this period of slower growth and concerns about the Chinese real estate sector.

Meanwhile, Governing Council member Madis Muller has said the European Central Bank may increase its regular asset purchases once emergency pandemic-era stimulus measures end.

The pound weakened after Business Secretary Kwasi Kwarteng warned people should prepare for long-term high energy prices amid a shortage of natural gas that has driven up costs of gasoline. ‘electricity. Several UK utilities have stopped accepting new customers as smaller energy providers struggle to meet previous commitments to sell supplies at lower prices.

In Japan, the central bank left its main monetary policy parameters unchanged. The markets in South Korea and Hong Kong were closed for a holiday.

Here are the key events to watch this week:

  • Federal Reserve rate decision on Wednesday

  • Bank of England rate decision, Thursday

  • Fed Chairman Jerome Powell, Fed Governor Michelle Bowman and Vice President Richard Clarida discuss pandemic recovery on Friday

For more market analysis, read our MLIV blog.

Some of the main movements in the markets:

Actions

  • The S&P 500 rose 1.2% at 11:53 a.m. New York time

  • The Nasdaq 100 rose 1%

  • The Dow Jones Industrial Average rose 1.3%

  • The Stoxx Europe 600 is up 1%

  • The MSCI World index increased by 0.9%

Currencies

  • Bloomberg Dollar Spot Index fell 0.1%

  • The euro rose 0.1% to $ 1.1738

  • The British pound was little changed at $ 1.3664

  • The Japanese yen fell 0.3% to 109.61 per dollar

Obligations

  • The yield on 10-year treasury bills fell one basis point to 1.31%

  • The German 10-year yield was little changed at -0.32%

  • The UK 10-year yield was little changed at 0.80%

Merchandise

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Failure to address structural issues lowers Korea’s potential growth rate https://aisa-net.com/failure-to-address-structural-issues-lowers-koreas-potential-growth-rate/ https://aisa-net.com/failure-to-address-structural-issues-lowers-koreas-potential-growth-rate/#respond Wed, 22 Sep 2021 13:35:46 +0000 https://aisa-net.com/failure-to-address-structural-issues-lowers-koreas-potential-growth-rate/

A general view of Lotte Tower (center front) and Namsan Tower (center back) amid Seoul city skyline and the Han River at sunset in 2018. Before the outbreak of the pandemic in Korea. South early last year, there were warnings that a decline in labor productivity, a shrinking working-age population and other negative factors would continue to reduce the country’s growth potential in the future. ‘to come up. afp

Failure to address structural issues lowers Korea’s potential growth rate

A report released by the Bank of Korea last week estimated the country’s potential growth rate for 2021-2022 at 2 percent, down 0.2 percentage point from its previous estimate made in August 2019. The rate for 2019-20 was estimated at 2.2%. , also a decrease from the previous projection of 2.5 to 2.6 percent.

The fall in South Korea’s potential growth rate has been accelerated in recent years not only by the economic fallout from the Covid-19 pandemic but by structural problems weighing on Asia’s fourth-largest economy. The potential growth rate refers to the maximum possible rate at which an economy can grow without triggering inflation.

The International Monetary Fund (IMF) remains more cautious about Korea’s economic fundamentals, estimating its potential growth rate for 2020-22 at 1.8%.

Before the outbreak of the pandemic here early last year, warnings were issued that declining labor productivity, shrinking working-age population and other negative factors would continue to reduce the potential. growth of the country in the future.

Local research institutes predict that unless these issues are addressed effectively and urgently, Korea’s potential growth rate could fall below 1% by 2030.

The downward trend in potential growth cannot and should not be minimized, as the indicator points to the overall health of an economy and serves as a barometer of a country’s future growth.

It is somewhat inevitable for mature economies to see their potential growth rate decelerate. But Korea, which is on the verge of crossing the threshold and becoming one of the world’s advanced economies, could further boost its economic growth.

Government officials expect Korea’s economy to accelerate amid a global economic recovery and register a growth rate of more than 4% this year, following a 1% contraction last year under the influence of the pandemic.

But without a serious overhaul of its economic fundamentals, the country will remain in a rut of low growth over the long term. In a context of sluggish growth, youth unemployment will worsen and tax revenues will decline. With weakening economic fundamentals, interest rate hikes aimed at correcting financial imbalances could have a more negative impact on consumption and investment.

The administration of President Moon Jae-in has delayed or abandoned the structural reforms necessary to consolidate the long-term strength of the economy. On the contrary, the displaced policies she has pursued since Moon came to power in 2017 have undermined Korea’s growth potential.

The revenue-driven growth of the Moon administration, which places greater burdens on employers, has pushed many workers out of work.

Its pro-labor measures have made the labor market more rigid and hampered efforts to improve the country’s labor productivity, which remains near the bottom among member states of the Organization for Economic Co-operation and Development.

The Moon administration also introduced more regulations, discouraging companies from increasing investment and hiring more workers.

It should be noted that the impact of the pandemic on a country’s potential growth rate differs depending on the policy response of its government.

The Moon administration should redouble its efforts to accelerate regulatory and labor reforms to revitalize business activity, nurture new engines of growth and attract more women and young people to the labor market .

It may be too much to expect him to revisit the economic framework before Moon leaves office in May. But at the very least, it’s the administration’s obligation to remove the restrictions it has added in recent years.

Worryingly, presidential candidates from ruling and opposition parties show little interest in bolstering the country’s declining growth potential. Most of them are concerned with coming up with populist spending plans. But whoever succeeds Moon will struggle to fund his welfare promises without increasing tax revenues through continued economic growth.

Korea’s economy has struggled to grow ever since its gross national income per capita hit the $ 30,000 level. Now is not the time to let the economy contract while neglecting efforts to strengthen its growth potential.

THE KOREA HEARALD / ASIA INFORMATION NETWORK

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Kuroda of the BOJ reaffirms the need for a policy mix before the leaders’ vote https://aisa-net.com/kuroda-of-the-boj-reaffirms-the-need-for-a-policy-mix-before-the-leaders-vote/ https://aisa-net.com/kuroda-of-the-boj-reaffirms-the-need-for-a-policy-mix-before-the-leaders-vote/#respond Wed, 22 Sep 2021 09:23:06 +0000 https://aisa-net.com/kuroda-of-the-boj-reaffirms-the-need-for-a-policy-mix-before-the-leaders-vote/

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Bank of Japan Governor Haruhiko Kuroda has reaffirmed the importance of a concerted policy mix that supports the economy, ahead of a key ruling party election that will almost certainly determine the country’s next prime minister. Speaking after the BOJ left its policy unchanged and fleshed out more details on its green lending program, Kuroda stressed the need to continue supporting the economy amid the lingering risks of the pandemic, including the constraints on the supply side.

Wednesday’s stand-pat decision comes a week before a ruling party election to choose Prime Minister Yoshihide Suga’s successor. The new leader of the Liberal Democrats is expected to put in place a stimulus package to help the economy get back on a firmer recovery path.

In a busy week for central banks, the Federal Reserve concludes its own meeting just hours after the BOJ rally and is likely to offer clues to its cutback plans that could keep downward pressure on the yen or lead to a near-term rally depending on how bullish Jerome Powell is on the economy.

For now, it seems highly unlikely that the BOJ will join the first steps to cut stimulus, regardless of Suga’s replacement, especially with Japanese inflation still below zero.

What Bloomberg Economics Says …

“The Bank of Japan probably has no choice but to keep the stimulus measures at the current scale, given the difficult economic conditions… Its green policy shows that it is experimenting with new approaches, but the direction of its stimulus policy is unlikely to change much in the foreseeable future. future.”

–Yuki Masujima, economist

To read the full report, click here.

Kuroda declined to comment directly on the battle for leadership, but pointed to the success of the close cooperation between the government and the central bank since a joint statement issued two months before he became governor in March 2013.

“The joint statement has played a major role in supporting the Japanese economy,” said Kuroda, who will become the bank’s longest-serving governor on the day of the PLD vote. “The BOJ intends to continue to conduct monetary policy appropriately in accordance with the statement.”

Yet Kuroda did not completely rule out reviewing the statement with the government after the installation of a new prime minister. The joint deal commits the central bank to hitting 2% inflation, a target some of the leadership contenders seem less committed than previous prime ministers.

“Kuroda will not categorically refuse to discuss the price target if the government takes up the issue,” said Shigeto Nagai, Japanese director of Oxford Economics and a former senior official in the BOJ’s international department.

Leader Taro Kono, the Japanese vaccine czar, considers the BOJ’s 2% target to be very difficult to achieve and has in the past called on the central bank to clarify its exit strategy from the stimulus plan. Yet with the pandemic continuing to weigh on the economy, the winner of the leadership election is unlikely to be in a rush to change BOJ policy.

Nagai sees the target sticking around, given the prevalence of 2% inflation targets around the world, although it may become something of a longer-term target in Japan.

Read more: Kuroda and his monetary experiment continue on record-breaking BOJ tenure

Earlier today, the BOJ reported that supply side constraints were limiting the resumption of production and exports.

Conditions deteriorated for manufacturers who fueled the recovery. Toyota Motor Corp. and other Japanese automakers have announced plant shutdowns due to shortages of semiconductors and other parts as the impact of Covid cripples supply networks in Asia.

Kuroda said it was not clear how long the impact of production shutdowns in Southeast Asia would last as countries tried to bring the outbreak under control in the Delta, but signs of a recovery were emerging.

His comments will reinforce the view that while the central bank will not add to its measures, it will continue with its stimulus measures. This will leave any additional help for the economy to the government.

Read more: Japan’s leadership rivals diverge on economic paths after Covid

As a general election looms and Japan’s state of emergency economy still struggles to regain momentum, analysts expect an economic package to top the list of priorities of the new leader.

“I don’t think the BOJ is trying to push a new PLD leader to compile a massive economic package, but whoever wins the election, the size of the tax expenditure will be at least 30 trillion yen (274 trillion yen). of dollars). They have a national election to fight for, ”said Yuichi Kodama, chief economist at the Meiji Yasuda Research Institute.

The central bank also unveiled more details on its green lending program. The BOJ said it would start accepting applications immediately and start making the loans in December. Kuroda said he expected the program to start small, but eventually grow to a substantial size.

(Adds commentary from economists, details about the green loan program.)

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Industry body says Thai government needs to borrow additional 1,000 billion baht https://aisa-net.com/industry-body-says-thai-government-needs-to-borrow-additional-1000-billion-baht/ https://aisa-net.com/industry-body-says-thai-government-needs-to-borrow-additional-1000-billion-baht/#respond Wed, 22 Sep 2021 02:48:45 +0000 https://aisa-net.com/industry-body-says-thai-government-needs-to-borrow-additional-1000-billion-baht/

The president of the Federation of Thai Industries calls on the government to borrow an additional 1,000 billion baht to boost the economy in 2022. Supant Mongkolsuthree says more funds are desperately needed to revive an economy devastated by the fallout from the pandemic. According to a report from the Bangkok Post, he says the government’s borrowing of 500 billion baht earlier this year is not enough.

“The trillion baht loan decree is needed to stimulate the economy in 2022. Thailand should follow other countries to borrow more money to effectively restore the economy.”

The call echoes one made by the Bank of Thailand last month, when it said the government would need another trillion baht to restore the decimated economy and improve long-term growth prospects. In 2020, the government used the powers granted by the emergency decree to borrow 1,000 billion baht, which was used for various stimulus measures, followed by another loan of 500 million baht earlier this year.

The Bangkok Post reports that Finance Minister Arkhom Termpittayapaisith insists it is no longer necessary to borrow, but Supant disagrees, saying the money is urgently needed to help small and medium-sized businesses that have suffered greatly from Covid-19 lockdowns.

“SMEs are the backbone of our economy. Most SMEs have been severely affected by the pandemic. They really need the help of the government.

At the same time, the Standing Joint Committee on Commerce, Industry and Banking proposes to increase the guarantees of the subsidized loan scheme for SMEs by a ratio of 40% to 70% of the total line of credit, a proposal supported by Supant, who adds that the ratio should be 100% for companies that have been hit hard by the lockdowns.

THE SOURCE: Bangkok Post

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Experts call for a boost to green finance https://aisa-net.com/experts-call-for-a-boost-to-green-finance/ https://aisa-net.com/experts-call-for-a-boost-to-green-finance/#respond Wed, 22 Sep 2021 01:17:25 +0000 https://aisa-net.com/experts-call-for-a-boost-to-green-finance/

MA XUEJING / CHINA DAILY

Risk mitigation, innovative products are among the main recommendations

China should improve the risk mitigation mechanism of green finance and develop innovative financial products whose underlying assets are energy equity such as emission credits and energy consumption quotas, to achieve a peak carbon emissions by 2030 and achieve carbon neutrality by 2060, officials and experts said.

“The majority of ecological projects are medium and long term projects. If the guarantee and collateral mechanisms are imperfect, banks will withdraw from support for these projects because of the higher risks associated with long-term loans and investments. Better risk-sharing mechanism will attract more investors and market players to participate in the valuation of green products, ”said Wang Xin, general manager of the Research Bureau of the People’s Bank of China, the central bank.

Wang said China should continue adopting laws and regulations to ensure the valuation of green products, establish special mechanisms for ecological compensation, transfer payment and government procurement, and establish and improve mechanisms for payment for eco-environmental services. In addition, it is also important to further clarify the right to use, exploit and earn green products.

He urged financial institutions to redouble their efforts to innovate in financial products in this area.

“As long as there is a positive market environment and the prices for carbon and green products are good, financial institutions will give full play to their initiative and launch various types of financial products, including loans, stocks, contracts, etc. term and insurance, to adapt to the market, development needs, ”he said recently at the Tsinghua PBCSF Economic Forum on carbon neutrality in Beijing.

Xiao Gang, former chairman of the China Securities Regulatory Commission, said financial institutions should strengthen environmental risk assessment, carry out pressure testing, improve their ability to identify, monitor, analyze and early warning of risks, and use a range of analytical methods to make decisions about the project. selection.

It is also important for listed companies and financial institutions to gradually move from voluntary disclosure of environmental information to mandatory disclosure. At the same time, the country is expected to create a public environmental and climate data platform and further strengthen the rating and certification of green finance projects, Xiao said at the forum.

He underscored the need to further unify regulatory standards and step up regulatory coordination on green finance innovation.

China is not alone in meeting the challenge of regulatory unification. Leslie Maasdorp, vice president and chief financial officer of the New Development Bank, suggested that the global financial industry should come up with uniform and widely accepted green standards in various jurisdictions.

“Businesses can function better when the rules of the game are clearly defined. So what we are seeing today is the emergence of policy makers proposing new regulatory frameworks. The challenge, however, is that there is now a proliferation of executives. We have so many green standards in the world… The biggest challenge today is to harmonize these standards, to make them easier, more coherent, to have references that the private sector can understand and to which it can respond ” , Maasdorp said.

The private sector will play an essential role in financing carbon neutral projects and optimizing the allocation of factors of production in society. The development of green finance will spur private capital to enter the fields of green growth and environmental protection, said Zhang Xiaohui, dean of the PBC School of Finance at Tsinghua University.

China has said it will use innovative financial institutional arrangements to encourage private capital investment in green industries while effectively limiting investments that contribute to pollution.

“In the process, for China to meet its dual carbon reduction targets, it is particularly important that policymakers make rational decisions, take prudential measures, and conduct production capacity risk monitoring and oversight. early warning to ensure long-term and constant green development, ”said Zhang. .

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South Korea’s role as a middle power https://aisa-net.com/south-koreas-role-as-a-middle-power/ https://aisa-net.com/south-koreas-role-as-a-middle-power/#respond Tue, 21 Sep 2021 19:40:25 +0000 https://aisa-net.com/south-koreas-role-as-a-middle-power/

Lost in the whirlwind of media coverage on Afghanistan last month, brilliant news featuring Afghan families, including dozens of children holding pink or white teddy bears, has rolled out of the international airport in Incheon in South Korea on August 26. They were among 391 Afghans flown from Kabul by the South Korean army after the city fell to the Taliban. Considered “people of special merit”, many Afghans had worked as translators, medical assistants, professional trainers and engineers with the South Korean government. What does the US withdrawal mean for allies such as South Korea who have offered support to US missions in Afghanistan (and also in Iraq), and more importantly, what should be South Korea’s broader role in a “More and more multiplex world”?

The frenzied withdrawal of US forces from Afghanistan and the recent passing of the 20th anniversary of September 11 has highlighted the wisdom of US intervention and America’s role in the world in the 21st century so far. This in turn stimulated debate over the best course of action for US foreign policy in the future. Whether advocating greater restraint or more activism on the world stage, however, most experts seem to agree that U.S. allies can do more to support regional stability and world order.

South Korea’s role in the Indo-Pacific

As stated in a joint leaders’ statement in May, South Korea and the United States “share a vision of a region governed by democratic standards, human rights and the rule of law in the country and abroad ”, and seek“ a partnership that continues to bring peace and prosperity to our peoples, while serving as a pivot to regional and global order. For South Korea and other key U.S. allies in Asia, such statements meant offering diplomatic support to the U.S. Indo-Pacific strategy. More concretely, close allies are expected to coordinate their economic, security and defense policies with the United States to deter threats from strategic adversaries (read China) and promote shared interests and values. On the Korean Peninsula, Seoul has strengthened its conventional deterrence capabilities against North Korea by increasing defense spending and developing new weapon systems, as evidenced by the submarine-launched ballistic missile (SLBM) test last week.

Nonetheless, South Korea’s increased commitment to infrastructure investment, development finance and human capital in Southeast Asia and India through its New Southern Policy has been hailed by Washington. South Korea is also expected to do more to coordinate with other U.S. allies and partners such as Japan, and join like-minded states in supporting democratic rights and standards and international laws, especially with regard to Chinese behavior in the region.

Peace, development, soft power and global governance

Beyond the Indo-Pacific region, South Korea has sought to make a larger global footprint inside and outside the reach of the US alliance. South Korea sent 3,600 troops to Iraq between 2004 and 2008, and a contingent of 500 troops to Afghanistan from 2010 to support reconstruction and peacekeeping efforts. Until last month, the Korea International Cooperation Agency operated a civil servant training institution to strengthen the administrative capacity of Afghan government officials. Capitalizing on its own economic success, Seoul also highlighted its development model which has caught the attention of sub-Saharan African countries among other developing countries.

In Afghanistan, the absence of US forces resulted in the evacuation of embassy personnel from most (if not all) of the US allies, including South Korea. Aid and development operations have ceased due to the uncertainty and dangers of the Taliban regime. However, Seoul’s decision to evacuate Afghan families, at the risk of great danger and potential internal reaction given the strong anti-Muslim sentiment among them, indicates that South Koreans are ready to contribute to the good. global common when needed. Accounts highlighting South Korea’s past as a war-torn country with fleeing refugees in the 1950s suggest the country’s willingness to ‘pay it forward’, reflected in Korea’s steady growth. South of its official development assistance (ODA) budget (despite the decreases in 2020 linked to the impact of the COVID-19 pandemic).

South Korea’s soft power, including the popularity of K-pop and K-dramas, also enables the country to solve complex global issues such as sustainable development, climate change and global poverty. This week, K-Pop boy group BTS accompanied President Moon to the United Nations in his new diplomatic role as “the President’s special envoy for future generations and culture.” More than a million fans tune in to watch their video dance performance at the UN, followed by remarks on climate change, the pandemic and youth issues.

Defending democracy in Asia

Paradoxically, as South Korea has found ways to support stability, governance and human security on the global stage and in remote places, its closest engagement in the perpetual humanitarian and human rights crisis home in North Korea has been on hiatus due to sanctions, pandemic lockdowns and political positions. Seoul has also remained relatively calm as China undermines democratic principles in Asia and abroad. The Moon government has also not been as loud as other neighboring countries such as Japan in defending international laws and standards in the South China Sea.

Beyond ODA, bilateral investment and soft power, South Korea should muster its domestic voice and growing power (albeit limited) to speak out on behalf of individuals, groups and communities. marginalized citizens, despite geopolitical sensitivities. Address human rights in North Korea at home and abroad, the oppression against Uyghurs in Xinjiang, and the restriction of free speech and civil rights in Hong Kong under the Law on national security would strengthen South Korea’s reputation as a country willing to uphold democratic principles, rights and international law, all of which form an important basis for regional peace, governance and security.

South Korea, with the world’s tenth largest economy and defense budget in 2020, shows how middle powers could take responsibility for maintaining fragile regional orders, in addition to a fragmented world order. However, as a newly developed and non-Western democratic country, South Korea needs to do more to take advantage of its unique experience to work with and encourage other Indo-Pacific countries to adhere to good governance that empowers citizens, respects human rights and supports international rules. and laws to protect global commons.

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Mizuho’s $ 4 billion system to come under unprecedented state scrutiny https://aisa-net.com/mizuhos-4-billion-system-to-come-under-unprecedented-state-scrutiny/ https://aisa-net.com/mizuhos-4-billion-system-to-come-under-unprecedented-state-scrutiny/#respond Tue, 21 Sep 2021 15:35:00 +0000 https://aisa-net.com/mizuhos-4-billion-system-to-come-under-unprecedented-state-scrutiny/

TOKYO – The Japanese financial regulator will oversee Mizuho Financial Group’s ailing IT system over the next few months to prevent further crashes, taking an unprecedented step that follows a series of blackouts at its retail banking unit this year, learned Nikkei.

The Financial Services Agency is expected to announce the action as early as this week. The FSA informed Mizuho Bank of its plans on Tuesday.

Under the FSA’s supervisory order, the agency will oversee an inspection and system improvements for Mizuho, ​​Japan’s third-largest banking group in terms of assets. The initial timeframe for the action will last until the end of the year.

The FSA’s intervention comes after seven software and hardware failures at Mizuho this year, starting in February, when customers had to wait hours to retrieve bank cards swallowed by ATMs. The group has taken its own steps to avoid further disruption, but officials see the possibility of underlying flaws in the system itself.

Under the supervision of the FSA, Mizuho will be ordered to stop new operations and services that increase the workload of the system. A team brought together by the agency and Mizuho will make system inspection their top priority.

Dubbed Minori, Mizuho’s banking system was completed in 2019 at a cost of 450 billion yen ($ 4.12 billion at current rates). If the FSA’s investigation uncovers fundamental flaws, Mizuho could face additional costs.

The bank has been under FSA inspection since the ATM crash in February. The agency was set to issue a business improvement order in September when another outage occurred in August, followed by another ATM outage this month.

Mizuho attributed the series of failures to different causes.

Japan’s banking law gives the FSA the power to order necessary measures for banking supervision, but this power has never been used to oversee inspections of the system.

The FSA intends to pass judgment on management’s liability for disruptions until after its diagnosis of the underlying causes.

System issues have plagued Mizuho since its inception following the merger of three lenders. Mizuho Bank suffered a major transaction disruption when it opened in 2002. Another widespread ATM outage occurred after the 2011 tsunami in northeastern Japan.

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Rubber Market Size and Outlook 2020-2027 https://aisa-net.com/rubber-market-size-and-outlook-2020-2027/ https://aisa-net.com/rubber-market-size-and-outlook-2020-2027/#respond Tue, 21 Sep 2021 13:01:00 +0000 https://aisa-net.com/rubber-market-size-and-outlook-2020-2027/

The main players covered in the rubber market are Von Bundit (Thailand), Sri Trang Agro-Industry (Thailand), Southland Holding Lonza (Thailand), Vietnam Rubber Group (Vietnam), Tradewinds Plantation Berhad (Malaysia), ARLANXEO (Pays- Bottom), Kumho Petrochemical Co., Ltd. (South Korea), PetroChina (China), TSRC Corporation (Taiwan), LG Chem (South Korea), Versalis (Italy), Dow Chemicals (United States), Tong Thai Rubber Group (Thailand), Ravasco (India) , Halcyon Agri (Singapore), Unitex Rubber (Thailand) and other companies featured

Pune, India, September 21, 2021 (GLOBE NEWSWIRE) – The world rubber market size is expected to reach USD 51.21 billion by 2027, with a CAGR of 5.3% during the forecast period. Rising demand for tires and other auto parts will simultaneously boost opportunities during the forecast period. The increasing use of rubber in a wide range of automotive products such as tires, shit tubes, adhesives, hoses, hoses, seals and roller coatings will further expand the scope of the market.

In addition, the increasing application in footwear, industrial products, construction, textiles and other consumer products will contribute to the expansion of the market. For example, the use of latex provides substantial protection against water, chemicals, electricity, shock and low temperatures. Moreover, its use in a variety of textiles and consumer products, such as tapes, protective covers, rugs and the like, will further promote the growth of the market.

Strong demand from the automotive industry due to its insulation property will propel the market growth during the forecast period. The market size was $ 40.77 billion in 2019.

Get a sample PDF brochure:

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/rubber-market-101612

The best companies presented in the world Rubber market are:

  • ARLANXEO (Netherlands)

  • Kumho Petrochemical Co., Ltd. (South Korea)

  • PetroChina (China)

  • TSRC Corporation (Taiwan)

  • LG Chem (South Korea)

  • Versalis (Italy)

  • Dow Chemicals (United States)

  • Von Bundit (Thailand)

  • Sri Trang Agribusiness (Thailand)

  • Southland Holding Lonza (Thailand)

  • Vietnam Rubber Group (Vietnam)

  • Tradewinds Plantation Berhad (Malaysia)

  • Tong Thai Rubber Group (Thailand)

  • Ravasco (India)

  • Halcyon Agri (Singapore)

  • Unitex rubber (Thailand)

Browse a detailed summary of this research report with TOC:

https://www.fortunebusinessinsights.com/industry-reports/rubber-market-101612

Supply chain disrupted to cut business amid coronavirus

The coronavirus incident has resulted in the closure of production facilities and transportation restrictions. The disruption of supply and distribution can further limit the scope of the market. The main affected countries are China, India, Germany, Italy, Brazil and Canada. China is a big consumer of rubber. The constraint on the export and import activities of industrial rubber products and tires will act as an inhibiting factor for the development of the world market.

Regional analysis:

Increase in construction activity to support growth in Asia-Pacific

The market size in Asia-Pacific was USD 22.09 billion in 2019 and is expected to experience exponential growth rate during the forecast period. Growth in the region is attributed to increased production and consumption in India and China. Thailand is the largest producer of natural rubber. The thriving automotive and construction industry is expected to allow the market to expand rapidly in the region. The market in North America is expected to grow significantly due to the increasing demand in footwear applications. The growth of the automotive, chemical and textile industries is expected to create opportunities for the market in North America.

Key development:

june 2018: Kumho Petrochemical has announced that it has expanded its NB latex production capacity from 400 KT to 550 KT per year at its manufacturing facility in Ulsan.

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Detailed table of contents:

  • introduction

  • Abstract

  • Market dynamics

    • Market factors

    • Market constraints

    • Market opportunities

  • Key ideas

    • Main emerging trends – for the main countries

    • Key developments: Mergers, Acquisitions, Partnerships, etc.

    • Overview of the regulatory scenario

    • Porters Five Forces Analysis

  • Qualitative analyzes – Impact of COVID-19 on the global rubber market

  • Global Rubber Market Analysis, Outlook and Forecast, 2016-2027

TOC Continued…!

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Take a look at the related research analyzes:

Rubber Compounds Market Industry Size, Share & Analysis, By Rubber Type (Silicone Rubber, Fluorinated Rubber, Butyronitrile Rubber, EPDM Rubber, Chloroprene Rubber, Others), By End User (Tires, Hoses & Belts, Roofing & Geomembranes, Footwear, wire and cable Insulation, others) and regional forecast, 2020-2027

Foam Rubber Market Analysis of size, share and industry, by stiffness (rigid foam, flexible foam), by type of foam (polyurethane foam, crosslinked polyethylene foam, neoprene foam, silicone foam, chloride foam Polyvinyl – Nitrile Butadiene Rubber (PVC – NBR Blend, Others), by Application (Furniture, Construction, Automotive) Others and Regional Forecast, 2019-2026

Foam Rubber Materials Market Size, Share and Industry Analysis, By Type (Crosslinked Polyethylene Foam, Polyurethane Foam, Microcellular Urethane Foam), By Application (HVAC Access Door Dust Gaskets, Cabinet Insulation , noise and vibration reducers, transportation, automotive linings, refrigerated transportation vehicles, foam rubber tubing) and regional forecast, 2019-2026

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Technological crackdown in China reaches TikTok https://aisa-net.com/technological-crackdown-in-china-reaches-tiktok/ https://aisa-net.com/technological-crackdown-in-china-reaches-tiktok/#respond Tue, 21 Sep 2021 11:15:22 +0000 https://aisa-net.com/technological-crackdown-in-china-reaches-tiktok/

ByteDance announced that Douyin, the version of TikTok for China, will be . These minors will now be limited to only 40 minutes of use per day and will not be able to access the app at all between 10 p.m. and 6 a.m.

ByteDance is also urging parents to add more comprehensive user data to prevent children from lying about their age to bypass the ban. At the same time, the company unveiled a new TikTok-esque app called Xiao Qu Xing (“Little Fun Star”), which features short educational videos.

This is another rather dramatic step in China’s broader crackdown on digital media and video games. Officials recently described the game as “spiritual opium” and .

Chinese leaders are said to be concerned that children become addicted to video games, which is having a detrimental effect on their development. The science behind video game addiction is controversial and contested, with research into the disease ongoing.

Regardless, the changes to Douyin are unlikely to be so extensive in isolation, as less than half a percent of users are believed to be under the age of 14. this anti-gambling rhetoric is spreading to other countries.

– Dan Cooper

No more drilling or loading unsightly plaques on your table, desk or nightstand.

Image of the new charger under IKEA’s desk.

When I added an Ikea branded wireless charging plate to my Ikea nightstand, I had to purchase a custom Ikea hole saw to drill the top. Ikea furniture turned out to be weak enough that I managed to burn off the wood and paint with just the friction of the saw. The charging plate was, luckily, large enough to cover the scorch marks, so I never had a lesson in being bad at DIY. I had learned my lesson, however, that drilling an IQ charger was not my forte.

Ikea seems to feel the same and has now launched the new one charger powerful enough to charge a phone from under your desk. You can glue or screw the large $ 40 unit to the underside of a suitable wood or plastic table top. Then all you have to do is drop your phone in the right spot and watch around 5W of juice pouring into your phone. Or, at least you will when it arrives in October.

Sponsored by TechCrunch Disrupt

Join us now for a free live virtual event you won’t want to miss.

Newsletter TMA TC Disrupt Promo 9/21

Newsletter TMA TC Disrupt Promo 9/21

That cost being… horrible selfies.

ZTE Axon 30 rear plate image

ZTE Axon 30 rear plate image

is one of those rare smartphones offering an (almost) invisible front camera. The absence of a notch, perforation, or cutout means users can take full advantage of the beautiful 6.92-inch, 2460 x 1080 120Hz AMOLED display. But, for $ 500, there are a few tiny tradeoffs. that you’ll have to put up with, including, uh, dull selfies. We won’t spoil the rest of the Mat Smith review but, suffice to say, his feelings on this handset are pretty complicated.

Your iPad, watch, and Apple TV will also receive updated operating systems.

iOS 15

iOS 15

and its device-specific cousins ​​are now here and are heading towards your tech as we speak. Some of the biggest new features include upgrading FaceTime and messaging, better notifications, and a Google Lensque-style live text feature. Some of the more notable features announced at WWDC are yet to arrive, including SharePlay, but those are expected to be phased out later in the year. At the same time, Apple unveiled the full trailer for Bullfinch, the about a man, his dog and his robot trying to survive after the end of the world. I guess it’s a bit like Cormac McCarthy wrote Turner and Hooch after having watched Short circuit.

Uh-oh.

Honor

Honor

When Huawei was put on the U.S. Entity List, the Chinese giant was barred from working with just about any tech company worth mentioning. Huawei was unable to source chips from Intel or Qualcomm or get software help (and access to the Play Store) from Google. Therefore, Huawei spun and , its budget division, to thrive free from sanctions that threaten its own future as a global brand.

Unfortunately, these best-prepared plans can be overruled by a who decide whether Honor should be on the same list of entities. Reports suggest that the Pentagon and Department of Energy teams are in favor of the addition, while the Commerce and State Departments are against. If this impasse cannot be resolved, however, the decision could ultimately end up on Joe Biden’s desk to be worked out.

Biggest News You May Have Missed

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Czech central banker Holub “quite likely” to support a 50bp hike in September, open to more https://aisa-net.com/czech-central-banker-holub-quite-likely-to-support-a-50bp-hike-in-september-open-to-more/ https://aisa-net.com/czech-central-banker-holub-quite-likely-to-support-a-50bp-hike-in-september-open-to-more/#respond Tue, 21 Sep 2021 07:44:23 +0000 https://aisa-net.com/czech-central-banker-holub-quite-likely-to-support-a-50bp-hike-in-september-open-to-more/

By Robert Muller

PRAGUE (Reuters) – Czech central banker Tomas Holub has said he will likely support a 50 basis point rate hike at the next policy meeting on September 30, adding to signals that the central bank may make its biggest hike since 1997 next week.

Speaking to Reuters in an interview on Monday, Holub adopted a broadly hawkish tone, also saying the debate over whether to drop 25 or 50 basis points could be repeated in November. The central bank last raised its key rate by more than 25 basis points in December 1997.

The Czech National Bank raised its main two-week repo rate by 25 basis points in June, then an additional 25 basis points in August, bringing the rate to 0.75%.

Holub said monetary tightening is likely to continue until 2022, a view bolstered by the sharp rise in inflation last month and signs of further price pressures to come.

Central Europe is grappling with stronger inflationary pressures than some other European countries. The region’s economies have faced tight labor markets and strong post-pandemic demand, as well as external factors such as rising energy costs and global supply shortages.

Holub said he had already considered voting for a 50 basis point hike last month and would likely support a bigger decision at the September meeting, noting that inflation has far exceeded expectations for the central bank in July and August.

“For me, this visibly leaned not only towards the need to continue rate hikes at each subsequent meeting, but also towards the need to insert a stronger step,” Holub said.

“It is very likely that I am already looking into it now, in September,” he said.

Headline inflation accelerated to 4.1% year-on-year in August, its highest since 2008. It was also one percentage point higher than the central bank forecast and doubled its official target of 2%.

Producer prices (PPI) rose 9.3% year-on-year in August, the fastest growth since April 1993.

MAJORITY FORMATION

A board member had voted for a 50 basis point hike in the last two meetings and at least two others signaled their openness to a 50 basis point hike.

Holub said he expected debate on the size of a hike to continue at the November meeting, adding that he was “open” to the possibility of another 50 point increase. base at that time.

“If the news (staff forecast expected in November) shows the need to go one step further, then I will certainly be open to such a debate,” said Holub.

“Rates are still nominally low, and even lower in real terms, so from my perspective even the debate at the November meeting can probably be over a quarter or a half (percentage point movement)” , did he declare.

Several central banks around the world have embarked on a path of monetary tightening as their economies rebounded from the COVID-19 pandemic, including those in Hungary, Iceland or South Korea. A Reuters poll showed the Norwegian central bank would likely join that camp with a rate hike on September 23.

Financial markets expect the Czech repo rate to rise by around 100 basis points by the end of the year, according to the futures contracts. Holub said such bets were “not irrational”.

“I think the market has fundamentally understood the situation,” he said.

Three more political meetings are planned this year, including the one to take place on September 30.

(Reporting by Robert Muller; Editing by Ana Nicolaci da Costa)

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