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Yen rebounds as BOJ’s Kuroda uses talk to signal frustration

Bloomberg The yen rebounded as traders mulled comments from Bank of Japan Governor Haruhiko Kuroda on the currency’s decline amid a broad dollar selloff. The dollar-yen pair fell 1.3% to around the 142.20 level, after climbing for four straight sessions. Kuroda held a meeting with Prime Minister Fumio Kishida in a sign of the nation’s heightened alert levels. “Sudden moves ...

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Australia to end outsized rate hikes, say economists

  Bloomberg Australia’s central bank will dial back the pace of policy tightening to quarter percentage-point moves from next month as it tries to navigate a path to cooling inflation while maintaining economic growth. Three-quarters of economists surveyed by Bloomberg expect the cash rate will rise to 2.6% from 2.35% at the Reserve Bank’s October 4 meeting. The poll was ...

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Singapore’s prominent family scions make digital assets push

  Bloomberg Scions from two of Singapore’s most prominent families are boosting their involvement in digital assets. Whampoa Group, a multi-family office anchored by principals from the Lee family that founded Oversea-Chinese Banking Corp. and Amy Lee, the niece of the city-state’s founding prime minister, wants to spin out its asset-management business for digital investments. Family offices tend to be ...

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