The Japanese are hoarding over $300 billion under their mattresses that will likely stay there, barring a crisis of epic proportions.
China's factory activity surprisingly expanded in March,official data showed Wednesday, but it won't change the PBOC's easing stance, analysts say.
Sentiment among Japan's big manufacturers is set to worsen after holding steady in the first quarter, the BOJ's Tankan survey showed.
Japan indicated it would not become a founding member of the AIIB, staying loyal to the U.S., which has urged allies not to join, NYT reports.
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While base wages are being raised, Japanese firms are not increasing bonuses as quickly, which dims the outlook of consumption spending, says Marcel Thieliant, Japan economist at Capital Economics.
Henry Smith, senior consultant at Control Risks Middle East, says the extension in nuclear talks indicates that negotiating parties "see a successful way out."
Julia Wang, Greater China economist at HSBC, says a slowing manufacturing sector is the culprit in China's sluggish growth and discusses the deposit-insurance system set to begin in May.