Bloomberg China’s banks need about $500 billion in fresh liquidity this month to roll over existing debt and buy government bonds, complicating the People’s Bank of China’s efforts to exit crisis measures. Monetary policy makers have been signalling for weeks that abundant funding made available to tide the world’s second-largest economy through the coronavirus slump will soon be reined in, ...

Bloomberg It’s early days, but Japan’s biggest banks are broadly on course to meet their modest profit goals this fiscal year after bad-loan costs remained within their expectations in the first quarter. Mitsubishi UFJ Financial Group Inc., Sumitomo Mitsui Financial Group Inc. and Mizuho Financial Group Inc. all saw quarterly profit decline after increasing provisions for soured debts during Japan’s ...

Bloomberg The Bank of Thailand held its benchmark interest rate at an all-time low and said it was prepared to use “additional appropriate monetary policy tools” to support an economy suffering the biggest blow in Asia from the coronavirus pandemic. The central bank kept its policy rate at 0.5% in a unanimous decision Wednesday. All but two of the 26 ...