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Policy head for Japan’s ruling LDP says monetary policy has room for reform

  Bloomberg The policy chief for Japan’s ruling Liberal Democratic Party (LDP) said the country’s easy monetary policy should be maintained, but has room for adjustment and reform. Koichi Hagiuda, head of the Policy Research Council at the LDP, made the comments on a program on national broadcaster NHK while discussing the imminent nomination of the Bank of Japan’s next ...

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China’s banks extend record loans as firms borrow more

  Bloomberg Chinese banks extended a record amount of new loans in January after authorities prodded them to lend more to businesses, though consumer borrowing remained subdued. Financial institutions offered 4.9 trillion yuan ($719 billion) of new loans last month, higher than the 4.2 trillion yuan estimated by economists, and compared with a record 3.98 trillion yuan a year ago. ...

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Cedi jumps as Ghana $11b debt rehaul advances

  Bloomberg Ghana’s currency surged as much as 3.1% against the dollar after the government said that it had received support from more than 80% of bondholders to restructure its local-currency debt. The cedi was trading 1.3% stronger, heading for the biggest gain in almost three weeks. It’s still the worst-performing currency tracked by Bloomberg after the Lebanese and Egyptian ...

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