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On April 15th, Yao Lei, Director of the Price Supervision and Anti-Unfair Competition Bureau of the State Administration for Market Regulation, stated at a State Council policy briefing that in strengthening anti-monopoly enforcement in the pharmaceutical sector, combating monopolistic behavior in the pharmaceutical field remains a top priority, maintaining a high-pressure stance. We adhere to three principles: First, we strike at the first sign of monopolistic behavior, closely monitoring key drugs related to the publics right to medication, such as those in short supply, emergency drugs, and commonly used drugs, promptly investigating, filing cases, and handling cases swiftly upon discovery. Second, we insist on severe penalties, resolutely and severely punishing monopolistic cases in the pharmaceutical field, achieving triple punishment for monopolistic behavior involving "enterprises + organizers + responsible persons." Third, we uphold institutional constraints, issuing and implementing the "Guidelines of the State Council Anti-Monopoly and Anti-Unfair Competition Commission on Anti-Monopoly in the Pharmaceutical Field," clarifying the rules for identifying monopolistic behavior and strengthening anti-monopoly compliance guidance for the pharmaceutical industry.On April 15th, the Taiwan Affairs Office of the State Council held a regular press conference. A reporter asked: Despite the DPP authorities vehement obstruction of cross-strait exchanges, data released by the National Immigration Administration shows that in the first quarter of this year, the number of people applying for Taiwan Compatriot Certificates increased by 11.8% year-on-year, and the number of Taiwan compatriots entering the mainland increased by 27.6% year-on-year. What is your comment on this? Spokesperson Chen Binhua stated that facts have repeatedly proven that peace, development, exchange, and cooperation are the mainstream public opinion in Taiwan society. The DPP authorities disregard public opinion and go against the tide, and are destined to fail.On April 15, the State Council Taiwan Affairs Office held a regular press conference. Spokesperson Chen Binhua stated in response to a question that, upholding the concept of "both sides of the Taiwan Strait are one family," and adhering to the principle of improving peoples well-being through exchanges and integration, with a focus on enabling compatriots on both sides of the Strait to live better lives, and addressing the actual needs of Taiwan compatriots, ten policy measures have been introduced to promote cross-strait exchanges and cooperation. Chen Binhua stated that, in the next step, we will work with relevant departments and local governments to ensure the thorough implementation of these policies and measures, so that compatriots on both sides of the Strait can benefit from them as soon as possible. He expressed hope that the DPP authorities would heed public opinion on the island and respond to the calls from the industry, promptly removing various artificial restrictions to eliminate obstacles to the normalization and regularization of cross-strait personnel exchanges and cooperation in various fields.April 15 - On April 15, Xi Jinping, General Secretary of the CPC Central Committee and President of China, held talks in Beijing with To Lam, General Secretary of the Communist Party of Vietnam and President of Vietnam, who was on a state visit to China.April 15 – The State Council Taiwan Affairs Office held a regular press conference on April 15. Regarding the remarks made by Lai Ching-te during his meeting with certain U.S. senators, spokesperson Chen Binhua stated that China firmly opposes any form of official exchanges between countries that have diplomatic relations with China and the Taiwan region.

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

Alina Haynes

Jan 18, 2023 15:03

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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.