Bank
Japan confirms GDP contraction, backing Bank of Japan’s cautious stance
[TOKYO] Japan’s economy contracted in the first quarter, a revised estimate confirmed on Monday (Jun 9), weakness that supports the Bank of Japan’s (BOJ) cautious stance and keeps political...
US Treasury says Bank of Japan should continue to tighten policy
[TOKYO] The Bank of Japan should continue to proceed with monetary tightening, which would support a “normalisation of the yen’s weakness” and rebalancing of bilateral trade, the US Treasury...
HSBC chair Tucker to return to Asia insurer AIA after overseeing bank overhaul
HSBC Holdings’ high-profile chairman Mark Tucker will return to the insurance sector as chair of Hong Kong-based AIA Group, after having presided over top management changes and navigated Sino-US...
India central bank set to deliver third straight rate cut to lift growth
[NEW DELHI] India’s central bank will likely cut interest rates for the third straight meeting to boost growth, with market watchers focused on the extent of easing in this...
Bank of Japan urged to keep or slow bond taper pace from fiscal 2026
[TOKYO] The Bank of Japan (BOJ) received a sizeable number of requests to maintain or slightly slow the pace of tapering in its bond purchases from fiscal year 2026...
Australia central bank pondered outsized rate cut in May, decided to be predictable
[SYDNEY] Australia’s central bank considered cutting interest rates by an outsized 50 basis points last month as “insurance” against global trade risks, but decided to go the predictable route...
Thailand’s virtual bank race heats up
[BANGKOK] Thailand’s finance ministry is set to issue three virtual banking licenses by mid-June – a move that could jolt the country’s lucrative but tightly held financial sector, long...
DBS mobile app customers face intermittent access on Monday; bank says issue resolved
More than 1,000 reports have been made on outage tracking site Downdetector since around 2 pmDBS and POSB customers had difficulties accessing the bank’s mobile apps on Monday (Jun...
