Equity indices in the Asia-Pacific region ended Thursday on a mostly higher note.
A summit of BRICS leaders began in Beijing today. A former Bank of Japan official said that the BoJ’s pledge to keep borrowing costs low is leading to a problematic feedback loop of yen depreciation.
There was growing speculation that the Bank of Japan will abandon its yield curve control policy.
Bank of Korea Senior Deputy Governor Lee said that inflation needs to be tamed through pre-emptive policy and that rate hikes will only have a limited impact on growth.
—Equity Markets—
Japan’s Nikkei: +0.1%
Hong Kong’s Hang Seng: +1.3%
China’s Shanghai Composite: +1.6%
India’s Sensex: +0.9%
South Korea’s Kospi: -1.2%
Australia’s ASX All Ordinaries: +0.1%