Bank of Japan minutes showed optimism over local economy

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Source: Reuters
The performance of the Japanese economy is likely to remain its recovery momentum after government reports showed an improvement in labour market and consumer spending, however the pace of growth stays questionable, the Bank of Japan minutes showed on Thursday. Japan's GDP rose 0.3% in the three months to September compared to 0.9% increase in the quarter before.

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Thu, 26 Dec 2013 12:23:03 GMT

China's GDP is likely to expand 7.6% in 2013

Gross domestic product of the world's second largest economy is expected to advance by 7.6% in 2013 compared to preliminary estimated level of 7.5%, which was the country's government growth target, a cabinet report showed on Thursday. According to the report, the Chinese economy may record growth around 7.6-7.7% this year, the weakest rate since 1997-1998 financial crisis in Asia.

Thu, 26 Dec 2013 12:01:04 GMT

U.S. Dollar rises on expectation U.S. economy recovers faster

The U.S. currency increased on Thursday hitting the highest level in five years versus the Japanese Yen and stayed firm against its other most-traded peers on expectations the U.S. economy may continue its recovery with a solid pace suggesting that the Fed withdraws its easing program next year. The so-called Greenback strengthened to 104.645 yen earlier on today's session and

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