Apple sales in India over the years
Source: Investywise
BREAKING: The yen falls near 150 after the Bank of Japan makes only modest tweaks to its yield control program, defying market expectations
Japan’s centralbank decided to make its yield curve control (YCC) policy more flexible, shifting the language used to describe the upper bound of the 10-year Japanese government bond yield. The BoJ said it will patiently continue monetary easing under YCC to support economic activities. BOJ makes the decisions on YCC by an 8-1 vote. The decision is sending the $USDJPY back to above 150.
Moments ago the yen spiked to a session high against the US dollar
The highest since Oct 12, after Japan's Nikkei reported that the Bank of Japan may tweak its YCC again and allow long-term yields to rise above 1% as soon as its Tuesdays meeting. Source: www.zerohedge.com
Meta’s ad rebound gets huge assist from China even though its services are banned there
Meta may be banned from operating in China, but the company is counting on advertisers there to boost its growth. Finance chief Susan Li told analysts on Wednesday’s earnings call that Chinese companies played a major role this quarter. Online commerce and gaming “benefited from spend among advertisers in China reaching customers in other markets,” Li said. Source: CNBC
Here's a chart of gold in yen
Japan has been ahead of the curve when it comes to FIAT currency debasement and the way its currency is trading against gold is rather frightening with another huge ~10% new ATH move this month. Will other FIAT currencies follow the yen path? Source: Graddhy - Commodities TA+Cycles
China’s Nasdaq-Style Index falls to record low:
Star 50 index, which tracks manufacturers, chipmakers & biggest comps on Star Board, falls to lowest since its inception >3yrs ago as investors’ confidence wanes. Set for 6 straight mths of decline. Source: HolgerZ, Bloomberg
China Injects Most Short-Term Cash Into Banking System on Record - Bloomberg
China pumped the most liquidity into its financial system via short-term monetary tool on record, suggesting policymakers are keen to keep funding costs low to bolster the economy. The People’s Bank of China granted lenders a net 733 billion yuan ($100 billion) of cash with the so-called reverse repurchase contracts on Friday. That came after data released this week flashed signs of a pickup in the economy last month, when consumer spending and industrial production came in stronger-than-expected. Lenders keep one- and five-year loan prime rate unchanged. Source: Bloomberg
Mapped: Asia’s Biggest Sources of Electricity by Country
By Elements / Visual Capitalist
