• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On April 30th, the Trusted Data Space Sub-Forum of the 9th Digital China Construction Summit was held in Fuzhou on April 29th. Liu Liehong, member of the Party Leadership Group of the National Development and Reform Commission and Secretary of the Party Leadership Group and Director of the National Data Administration, emphasized that the next step is to better leverage the roles of a proactive government and an effective market, using high-value scenarios as a driving force to accelerate the construction of a value closed loop for data, encompassing "resource supply—product co-creation—value realization—benefit sharing." This involves deeply developing high-value scenarios driven by applications, continuously expanding data supply based on value, promoting innovative development through products, and building a win-win ecosystem with a focus on mechanisms, thus propelling the Trusted Data Space from pilot exploration to large-scale development.April 30 – The 22nd session of the Standing Committee of the 14th National Peoples Congress (NPC) concluded on the morning of April 30 at the Great Hall of the People in Beijing. The meeting voted and adopted the newly revised Prison Law and Social Assistance Law; decided to remove Han Jun from his post as Minister of Agriculture and Rural Affairs and appoint Zhang Zhu as Minister of Agriculture and Rural Affairs, and Zhang Chengzhong as Minister of Emergency Management. President Xi Jinping signed Presidential Decrees No. 74, 75, and 76 respectively. Chairman Zhao Leji presided over the closing session. The meeting also voted and adopted the NPC Standing Committees decisions on approving the Treaty between the Peoples Republic of China and the Republic of Azerbaijan on Mutual Legal Assistance in Criminal Matters, and the Treaty on Permanent Good-Neighborliness, Friendship and Cooperation between the Peoples Republic of China and the Republics of Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan.On April 30th, Anhui Zhijie completed its business registration update, appointing Guo Rui as its legal representative and chairman, marking a new stage in its Brand 2.0 strategy. It is understood that Guo Rui previously worked at Procter & Gamble, Huawei, and Honor. The companys first flagship 500,000-level high-end MPV, the Zhijie V9, has already received over 20,000 orders, reaching a crucial milestone for its market launch.On April 30th, Australias top prudential regulator announced it will take action against companies that fail to adequately control cybersecurity threats. The Australian Prudential Regulation Authority (APRA) is finalizing a plan to oversee artificial intelligence (AI) risks following a review of banks, insurance companies, and superannuation funds late last year that uncovered several deficiencies. The regulator stated these issues include inadequate information security practices to address the threats posed by AI in a timely manner, and excessive reliance on third-party AI vendors. APR stated on Thursday, "If an entity fails to adequately identify, manage, or control AI risks in a manner proportionate to its size, scope of operations, and complexity, we will take stronger regulatory action and, where appropriate, advance enforcement."On April 30, Iranian Foreign Minister Araqchi stated during a telephone conversation with Indian Foreign Minister S. Jaishankar on April 29 that the current turbulent situation in the Persian Gulf and the Strait of Hormuz is a direct consequence of the aggressive actions taken by the United States and Israel against Iran. According to Iranian sources, the two exchanged views on the ceasefire, bilateral relations, and the latest developments in the regional and international situation during the call. Araqchi said that the United States continues to threaten international freedom of navigation, and the international community should pay attention to the consequences that the US and Israel are bringing to global security and economic development. He also briefed Jaishankar on the latest progress in the ceasefire negotiations.

The AUD/JPY exchange rate fluctuates below 90.00 as investors await BoJ action

Alina Haynes

Jan 18, 2023 15:03

 AUD:JPY.png

 

In the early Asian session, the AUD/JPY currency pair is bouncing violently in a narrow range below the resistance level of 90.00. Before the Bank of Japan introduces its first monetary policy of CY2023, the risk barometer indicates a sideways auction (BoJ). The AUD/JPY exchange rate reflects the consolidation of the AUD/USD, indicating an uncertain risk profile.

 

Investors anticipate that the Bank of Japan (BoJ) will not alter its policy stance on Friday, as doing so would increase financial market risk and hinder efforts to boost inflation. Previously, the Bank of Japan (BoJ) announced that the central bank will review the negative side effects of the decade-long ultra-loose monetary policy, generating the impression that the central bank is eager to abandon the easy policy.

 

The experts at Standard Charted expect the Bank of Japan to hold both the policy balance rate and the 10-year yield goal at their present levels of -0.1% and 0%, respectively. The recent decision to expand the 10-year JGB band to +/-50 bps (from +/-25 bps) will be evaluated by policymakers at the December meeting.

 

The replacement of current Governor of the Bank of Japan Haruhiko Kuroda will be widely followed. The next BoJ governor nominee is anticipated to be presented to the Japanese parliament on February 10, Reuters reported on Tuesday. Amamiya, Nakaso, and Yamaguchi are regarded as leading C.banking candidates.

 

Thursday is the expected publication date for Australian employment statistics, which investors are monitoring. The Unemployment Rate is expected to remain constant at 3.4%, according to the majority of economists. Aside from this, the Australian economy must have added 22,500 new jobs to the labor market in December, a down from the prior rises of 64K.