Irkutsk
Ulan-Ude

Blagoveshchensk
Chita
Yakutsk

Birobidzhan
Vladivostok
Khabarovsk

Magadan
Yuzhno-Sakhalinsk

Anadyr
Petropavlovsk-
Kamchatsky
Moscow

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Japan went into a technical recession

Japan has gone into a technical recession, analysts say Raiffeisenbank. At the end of the third quarter, the country's economy showed a decline of 1,6% in annual terms, while growth was expected by 2,2%. It should be reminded that in Q7,1, Japan's GDP fell by 5%. A downturn in the economy for two quarters in a row means a technical recession. The reason for the unexpectedly weak data in the third quarter may have been the increase in the consumption tax in April (from 8% to 10%), which neutralized the attempts of the Abe government to revive the stagnating economy by monetary methods (doubling the monetary base and devaluing the yen). In such conditions, investors are less and less confident in the imminent tightening of monetary policy in the United States (2,3-year UST yields returned to a local minimum of XNUMX%).

The main event of the beginning of this week was the launch of a channel for cooperation between the Shanghai and Hong Kong Stock Exchanges, in which foreign investors who have a brokerage account in Hong Kong gain access to the Chinese local stock market (they will be able to buy shares of Chinese companies that do not have listing on international exchanges). The daily limit of 2,1 billion dollars to buy Chinese shares was quickly exhausted. For the upcoming week, the publication of the minutes from the last Fed meeting is of interest.

Despite the fact that the outcome of the G20 summit has not brought obvious positive changes in the relations between Russia and Western countries, tightening economic sanctions against Russia is unlikely.


September 25: current information on coronavirus in the Far East
Digest of regional events and latest statistics