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WHAT'S NEXT?: The latest sign of weakness in Japan's economy will likely add to mounting skepticism about the prime minister's expansionary policies. His coalition government has just achieved the supermajority it needs to amend the constitution which many are worried that Japan is about to remove the mask of pacificism and convert its "Self-Defense Force" into the military threat it really is.

  • [New] In some countries like Japan and South Korea, they are so far below replacement rate that their population is going to rapidly shrink generation by generation. The New York Times
  • [New] The smallest increase in the number of dementia cases is projected in high-income Asia Pacific, where the number of cases is expected to grow by 53%, from 4-8 million in 2019 to 7-4 million in 2050 - with a particularly small increase in Japan. Institute for Health Metrics and Evaluation
  • [New] Tuesday could see Japan end the longest run of negative interest rates in history, after its companies decided on the biggest pay hikes in 33 years. The Telegraph
  • [New] The Bank of Japan will release its interest rate decision today, where it may raise rates for the first time in 17 years and abolish its yield curve control. GSR Markets
  • [New] The Bank of Japan seems to be inching closer to moving away from its policy of negative interest rates, while the Bank of England will likely hold interest rates steady (amid a drop in wage growth, and in line with the policies of the Fed & ECB). Nasser Saidi & Associates
  • [New] Companies from Japan, South Korea, Europe and the United States, which have lagged behind China in traditional lithium batteries, have pinned their hopes on next-generation battery technology, including solid-state batteries, to pull ahead. South China Morning Post
  • [New] Japan's Nikkei 225 index of leading shares fell 2.2% as speculation grew that the Bank of Japan could end its policy of negative interest rates when it meets next week. UK - EN - Intermediary
  • [New] Investors remain cautious amid growing speculation that the Bank of Japan (BoJ) could adjust its monetary policy as early as next week due to rising wages, inflation, and a strong economy. InvestMacro
  • [New] Amgen will present late-breaking findings from a Phase 3 study evaluating the efficacy and safety of Otezla in patients with moderate to severe palmoplantar pustulosis in Japan following inadequate response to topical therapy. MarketScreener
  • [New] From a regional perspective, significant investments in new 8-inch SiC fabs are expected in key regions such as Europe, America, Japan, South Korea, China, and Southeast Asia. TrendForce Insights
  • [New] The robotaxi service is aimed at increasing the availability of mobility options, which will be particularly useful in countries like Japan, which due to a shrinking population is facing a driver shortage at the same time its aging population is requiring more ride services. Motor Authority
  • Oil demand growth in OECD Asia Pacific is revised down slightly for the first quarter of 2024, due to expected lower performance in the manufacturing and petrochemical sectors of Japan and South Korea. BusinessLine
  • With a younger and highly educated labour force and annual economic growth forecasted by the IMF to exceed 6% over the next five years, Morgan Stanley expects India to become the third-largest economy by 2027, surpassing Germany and Japan. The National Interest
  • Phase 3 Late-Breaking Palmoplantar Pustulosis Findings Amgen will present late-breaking findings from a Phase 3 study evaluating the efficacy and safety of Otezla in patients with moderate to severe palmoplantar pustulosis in Japan following inadequate response to topical therapy. BioSpace
  • The most constructive thing that the United States could do would be to continue to build a regional economic architecture in cooperation with countries like Japan and Australia. Asia Pacific Initiative <
  • Asian markets rally after positive Fed comments; Bank of Japan could start raising rates next week; Australian shares hit record high. The Business Times
  • Speculation is mounting that the Bank of Japan could hike interest rates as soon as its March meeting so an upward revision to Japan's Q4 GDP estimate on Monday could further bolster the yen against the dollar, having already rallied by almost 2% over the past week. investing.com
  • For NMC, 57% of cathode production takes place in China, and South Korea and Japan make up the remaining 43%, suggesting a vulnerability index of at least 57%. Nature
  • Even the Bank of Japan is expected to start lifting interest rates at some point in 2024 after almost ten years of below zero rates. CityAM
  • The Bank of Japan will end negative interest rates at the March policy meeting and signal further action over the following months. Exchange Rates UK
  • The MSCI Japan Index trades on 15 times the earnings companies are expected to make over the next 12 months compared with around 18 times for world markets. Fidelity UK
  • The Bank of Japan (BoJ) will tighten policy in March and end negative interest rates which will help strengthen the yen. Exchange Rates UK

Last updated: 23 March 2024



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