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BOJ governor Kuroda attributes sharp rise in US CPI to base effects

BOJ governor, Haruhiko Kuroda, speaks in parliament Base effects or not, the yesterday was sizzling and is one point in the corner of inflation. The question now for the Fed is how many more readings like that can they keep passing on as "transitory"? That is something not even Kuroda can answer for now.

Bitcoin under the microscope after overnight plunge

Bitcoin holds just above $50,000 after a fall to $46,000 overnight The trade in Bitcoin has been one that errs more towards being psychological more than anything else and that is often reflected in the charts as well.

Germany reports 17,419 new coronavirus cases, 278 deaths in latest update today

The 7-day incidence rate continues to fall, easing to 103.6 The drop in the infection rate suggests that the virus situation is turning for the better in Germany and over time, the daily cases and deaths will also start to reflect that.

737 MAX - Boeing has received US FAA approval for a fix of an electrical grounding issue

Reuters report on the fix that will allow MAX to return to flight after being halted in early April. Reuters report is here, link And earlier re Boeing on another issue:

Japan's government is asking business to help with the vaccination program

Japan's head of the vaccine rollout, Taro Kono, has met with Vice-Chair of the  Japan Business Federation (Keidanren, the  country's biggest business lobby)

ForexLive Asia FX news wrap: Bitcoin price smashed lower on Musk/Tesla

Forex news for Asia trading on Thursday 13 May 2021 The crypto complex saw price declines today led by BTC responding to a tweet from Elon Musk in which he said Tesla would no longer accept payment in the coin, citing fossil fuel use in mining and transactions being far too high. Musk indicated he would favour less energy-intensive crypto ahead.

US inflation data - it ain't over yet, more to come on Thursday (Goldman Sachs preview)

'Wholesale' level inflation data is on the docket in the US on 13 May 2021  - PPI is due at 1230 GMT  Headline  Goldman Sachs:

Coronavirus - Australia will be receiving 25m doses of Moderna vaccine doses

Australian Health Minister Greg Hunt with the announcement  - to take delivery of the first of 25 million Moderna doses - will begin arriving between July and September

The BOJ says its ready to extend pandemic relief beyond the September deadline if needed

The Bank of Japan has provided easier funding to firms particularly hard hit by coronavirus restrictions  Comments from a senior official of the Bank now that relief will extend beyond September if needed. 

Kuroda says the BOJ is implementing easing steps no other central bank is taking

More from Bank of Japan Governor Kuroda, speaking for parliament today.

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