INSIDE ASIA: Japan to Unveil Fiscal-Stimulus Plan, Nikkei Says
Source: BFW (Bloomberg First Word)
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Yao Yudong (People's Bank Of China)
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(Bloomberg) -- Yen weakens against dollar; Japanese Prime Minister Abe plans to announce package of new spending measures on Tuesday to boost the economy, Nikkei newspaper reports, without saying where it got the information; public support for fiscal stimulus rises 8 points to 55% in March from February, according to Nikkei Inc./TV Tokyo poll; Abe will announce in May his intention to delay the scheduled April 2017 consumption-tax increase to 10% from 8%, Sankei reports
Alert: HALISTER1- China’s seven-day repo rate drops for third day; PBOC researcher Yao Yudong proposes cutting maximum-margin individual income-tax rate to 35% from 45%, or switching the current progressive taxing mechanism to a fixed 20% tax system, Shanghai Securities News reports; country sets a higher requirement on information disclosure for securities backed by non-performing loans compared with other ABS, National Business Daily reports
- Ringgit strengthens; 1MDB will announce more debt payments in two to three weeks, Bernama reports, citing 1Malaysia Development President Arul Kanda
- Taiwan dollar advances; island still has 116 unresolved yuan target redemption forward disputes, regulator is planning a mediation mechanism to be implemented by mid-April, Financial Supervisory Commission Minister Jennifer Wang says
- Onshore financial markets remain shut in Australia, New Zealand and Hong Kong
Source: BFW (Bloomberg First Word)
People
Yao Yudong (People's Bank Of China)
To de-activate this alert, click here
UUID: 7947283