People's Bank of China held benchmark lending rates unchanged on Wednesday.
Following the PBOC meeting, a Chinese central bank official said that the Chinese central bank would pay more attention to movements in the Yuan exchange rate versus a basket of currencies. The official added that China's monetary policy has considerable capacity to adapt to unforeseen challenges and changes.
Additionally, Japan’s Balance of Trade for August came in at ¥-930.5B, worse than the expectation of ¥-659.1B. Meanwhile, Exports came in at -0.8% YoY versus -0.3% prior, better than expected at -1.7%. Imports improved to -17.8% from -13.6%, beating the estimation of -19.4%.
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