Sunday, March 30, 2014

Asian Market Update: China Top Banks See Rising NPLs

With anticipated drop-off in consumption going into the start of higher sales tax this week, Japan manufacturing is already slowing. Markit PMI fell for the 2nd consecutive month with a 0.6pt decline, while the Output component was down over 4pts at 54.2. Separately, industrial production for Feb fell sharply as



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