Bank of Japan Governor Kazuo Ueda will have investors on high alert Wednesday when he lays out a detailed plan for quantitative tightening after years of massive easing. He may also double down by adding an interest rate hike to boot, Bloomberg News reported. While only about 30% of BOJ watchers predict a hike as their base-case scenarios, almost nobody is ruling out the possibility, according to a Bloomberg survey. The high degree of uncertainty has propelled the yen and Japanese stocks on a roller coaster ride that’s likely to continue until the decision and beyond.

As the rest of the world fought to keep inflation in check, one country welcomed it with open arms. In the past few years, Japan saw a burst of inflation, spurred by pandemic supply chain snags and geopolitical shocks, as a way to shake the economy out of a decades-long cycle of weak growth and pressure from deflation. So while major central banks like the U.S. Federal Reserve raised interest rates to rein in prices, the Bank of Japan kept rates low as inflation accelerated, the New York Times reported.

Australia's banking regulator on Monday said it would retain its strict home loan lending rules amid concern that the level of overall risk to the financial system remained elevated, taking into account an uncertain interest rate and economic outlook, Reuters reported. The Australian Prudential Regulation Authority (APRA) said that the outlook was clouded by geopolitical instability and household debt and inflation holding above the central bank's target range.

Another creditor of e-commerce delivery firm Dunzo has filed for insolvency proceedings against the company under the Insolvency and Bankruptcy Code (IBC), CNBCTV18.com reported. This time it is Invoice Discounters, which provided services such as asset management, hiring delivery staff, background checks, and merchandise, as outlined in a platform subscription agreement and master service agreement to Dunzo. The creditor claims Dunzo failed to pay them in full for these services, leading to the insolvency application.

Byju Raveendran has moved a fresh writ petition in the Karnataka high court, seeking suspension of the National Company Law Tribunal’s (NCLT) order which allowed the initiation of insolvency proceedings against Byju’s, the edtech startup he founded more than a decade back, the Times of India reported. This is the second plea Raveendran has moved in the court against the tribunal’s order.

TMON started offering belated refunds to customers, Friday, after more than a thousand enraged consumers flocked to the headquarters of the cash-strapped e-commerce platform, the Korea Times reported. This came shortly after WeMakePrice, another online shopping platform mired in a similar liquidity crisis, initiated refunds the day before. Early this week, concerns about the potential insolvency of both firms emerged when their sellers abandoned the platforms due to delayed payments.

China's latest series of rate cuts show the central bank's monetary framework has changed, analysts said, with the short-term repo rate becoming the primary signal and a diminished role for its medium-term lending facility (MLF), Reuters reported. The People's Bank of China (PBOC) surprised markets this week by first cutting several key rates including loan prime rate (LPR) and reverse repo rate on Monday. It then conducted an unscheduled MLF lending operation on Thursday, at steeply lower rates.

Singapore’s central bank left its monetary policy settings unchanged for a fifth straight time as it tweaked its economic outlook, expecting cooler inflation and stronger growth, the Wall Street Journal reported. The Monetary Authority of Singapore (MAS) said that it would maintain the prevailing rate of appreciation of the Singapore dollar nominal effective exchange rate policy band. There will be no change to the width and the level at which the S$NEER policy band is centered, the MAS said Friday.

A creditor of Jiangsu Delong Nickel Industry Co., one of the world’s largest stainless steel producers, has told a Chinese court the business controlled by legendary businessman Dai Guofang and his family needs to be restructured, Bloomberg News reported. A local court in Xiangshui County, Jiangsu province, is studying the application from the local state-owned builder, along with another three cases targeting the company’s affiliates, it said in a statement dated Wednesday.

China’s central bank took new steps to shore up the country’s sputtering economy, highlighting officials’ growing anxiety about growth only days after leader Xi Jinping set out his long-term vision to transform China into a technological powerhouse to rival the U.S. The People’s Bank of China said Thursday that it cut a key interest rate and pumped the equivalent of more than $25 billion into China’s banking system, the Wall Street Journal reported.