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COVID-19 Situation Report: Costly Treatments and Lack of Beds

Indonesia's COVID-19 Mitigation Task Force (Satgas Covid) reported 13,632 new daily cases on Jan. 22, up from the 11.703 new cases reported on Thursday. With 8,357 reported cured and 250 dead, the tally of active cases has gone up to 156,683 from 151,658 a day earlier. The number of suspect cases nationwide is now 79,349, up from 79,200 reported on Thursday.

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Rates Policies

The European Central Bank (ECB) left monetary policy on hold during its January meeting, as policymakers took a wait-and-see approach following last month's decision to expand its pandemic emergency program by €500 billion and extend it to at least the end of March 2022. The ECB left the door open to more stimulus as the pandemic is far from controlled in Europe.

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Japan Trade Balance Swings to Surplus

Japan recorded a trade surplus of JPY 751 billion in December 2020, compared with a JPY 159.1 billion deficit a year earlier and market expectations of a JPY 942.8 billion surplus. Exports increased 2.0 percent, rebounding from...

BoJ Holds Rates, Revised Higher 2021 GDP Forecast

The Bank of Japan left its key short-term interest rate unchanged at -0.1% and maintained the target for the 10-year Japanese government bond yield at around 0% during its January meeting by a 7-1 vote. In a quarterly outlook...

Asian Stocks Mostly Higher

Major stock markets in Asia mostly rose on Thursday after record gains on Wall Street overnight, on optimism for more aid after Joe Biden’s inauguration. Traders welcomed the World Health Organization’s plan to approve...

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Profiles

SWF Key Persons: The Supervisors

The House of Representatives (DPR) confirmed three names promoted by President Joko ‘Jokowi’ Widodo as members of the supervisory board of the newly established Sovereign Wealth Fund (SWF). They are Darwin Cyril Noerhadi, Yozua Makes, and Haryanto Sahari. Who are they?

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