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World Economy

  • The inverse correlation between the yen and Japanese stocks has broken down, suggesting the Nikkei could rise even if the yen doesn't weaken further.

  • A Ukrainian national flag flies outside the Ukraine central bank in Kiev, Ukraine.

    Ukraine's central bank said it will raise its key refinancing rate to 30 percent from 19.5 percent from Wednesday.

  • Elderly people stroll down a shopping precinct in Tokyo.

    QE is a temporary painkiller that should be used in the short term while difficult structural reforms are carried out, says Wilfred Frost.