The Lunar New Year holiday has begun in China and several other Asian countries. This year, a large number of Chinese tourists have traveled abroad since Beijing has relaxed previously rigorous border controls. In China, travel data that will be made public later this week will be used to assess consumer demand after the country’s protracted “zero-COVID” policy was lifted.
On Wednesday, the Thai central bank will meet to discuss its monetary policy. As it attempts to strike a balance between managing inflation and assisting the nation’s economic recovery, it has raised its policy rate numerous times in recent months.
The annual session of the Japanese parliament got underway on Monday. In light of his sagging popularity, Prime Minister Fumio Kishida will discuss his top policy concerns.
Over the next week, Japan is set to experience the winter’s coldest air blast. Tokyo Electric Power Holdings of Japan is anticipated to submit a plan to the government early this week for an increase in power prices for the majority of families of about 30% amid a global rise in the cost of energy.
This will be the company’s first rate hike since 2012, when business suffered as a result of the earthquake that occurred on March 11, 2011.
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