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On April 21, the State Council Information Office held a press conference to introduce the development of industry and information technology in the first quarter of 2026. Xie Cun, spokesperson of the Ministry of Industry and Information Technology and Director of the Information and Communications Development Department, said that in the next step, the Ministry of Industry and Information Technology will focus on creating an upgraded version of 5G+Industrial Internet, strengthen factor guarantees, accelerate the introduction of implementation opinions on promoting the high-quality development of industrial internet, coordinate the construction of network identification, platform data security and other projects, and strive to improve the development of the five major systems of policy, infrastructure, technology, application and ecosystem.On April 21, Al Jazeera reported that former U.S. Deputy Assistant Secretary for Arabian Peninsula Affairs Daniel Benaim stated in an interview: "The stepping stone to this war, the opportunity when the U.S. could have declared victory directly, may have appeared long ago, but we didnt seize it. We are now embroiled in an extremely complex military engagement and an extremely complex diplomatic game with Iran. Every objective set by the U.S. when launching the war against Iran has fallen far short of expectations. We talked about containing Irans nuclear program authoritatively for a long time. Certainly, some of these objectives could have been achieved without resorting to war."On April 21, Tao Qing, spokesperson for the Ministry of Industry and Information Technology and Director of the Bureau of Operation Monitoring and Coordination, stated that the next step will be to implement the decisions and plans of the CPC Central Committee and the State Council, focusing on three key tasks: First, top-level design. Accelerate the formulation of the "15th Five-Year Plan" for intelligent connected new energy vehicles, and study and issue guiding opinions on accelerating the innovative development of intelligent equipment. Second, stable operation. Implement the new round of work plans for stabilizing growth in industries such as machinery, automobiles, and power equipment, continuously promote equipment upgrades and vehicle trade-ins, and regulate industrial competition order with a persistent and meticulous approach. Third, focused efforts on key breakthroughs. Continue to implement the high-quality development action plan for key industrial chains in the equipment manufacturing industry, and strengthen the research and development of landmark products and the promotion and application of research results.On April 21, the National Bureau of Statistics released unemployment data by age group for March 2026. In March, the national urban surveyed unemployment rate was 5.4%. The unemployment rate for the urban workforce aged 16-24 (excluding students) was 16.9%, the unemployment rate for the urban workforce aged 25-29 (excluding students) was 7.7%, and the unemployment rate for the urban workforce aged 30-59 (excluding students) was 4.3%.On April 21, the State Council Information Office held a press conference to introduce the development of industry and information technology in the first quarter of 2026. Xie Cun, spokesperson of the Ministry of Industry and Information Technology and Director of the Information and Communications Development Department, stated that the Ministry of Industry and Information Technology will further strengthen the construction of information and communications infrastructure, consolidate and enhance the competitive advantages and leading position of the information and communications industry, and continuously solidify the digital foundation for high-quality economic and social development. The Ministry will focus on three key areas: First, leveraging its advantages, promoting deep coverage of 5G gigabit optical networks, continuously advancing the "signal upgrade" special action, and constantly improving network coverage and supply capacity; second, promoting upgrades, accelerating the large-scale commercial use of 5G, promoting the evolution of dual-gigabit networks to dual-10-gigabit networks, and accelerating the development of mobile IoT and the intelligent interconnection of everything; and third, strengthening collaboration, systematically deploying research and development of cutting-edge technologies such as 6G next-generation Internet, and promoting collaborative innovation between the information and communications industry and vertical industries.

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.