Asian stocks continue to fall

Source: Bloomberg
© Scanpix/Reuters
Asian stocks continued to lose their value as the strengthening Yen harmed Japanese exporters and China announced that it will tolerate slower economic growth. The MSCI Asia Pacific Index decreased 1.3% today, while Japanese Topix Nikkei 225 indexes lost 3.4% and 3.2% of their value respectively. New Zealand's NZX 50 Index fell 1.1%, while Australian S&P/ASX 200 slid 0.5%.
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Mon, 27 May 2013 07:56:07 GMT

Coal prices in China drop to lowest since October 2009

Chinese coal spot prices decreased to 600-615 Yuan per kilogram, the lowest price since October 2009, as country's manufacturing sector, which accounts for 70% of domestic electricity demand, contracted for the first time in 7 months. Sluggish demand from heavily industrialized sectors and sufficient rainfalls in the south were indicated as the main causes of a decrease in prices.

Mon, 27 May 2013 06:53:04 GMT

BoJ officials say inflation might fall short of 2% target

A few BoJ board members expressed concern that the central bank might not achieve its 2% inflation target through March 2016. High uncertainty of whether increased inflation expectations will lead to a surge in actual price level is cited as the major worry. These officials expect inflation to be less than 1% while the forecast of the board is 1.9%

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