The Bank of Japan may conduct a comprehensive review of the impact of the monetary easing steps it has taken over the longer term, an idea recently flagged by its new governor Kazuo Ueda. But there is uncertainty on how soon, and in what format, the central bank could launch such a review, which will be a topic of discussion at upcoming policy meetings, Reuters reported. Any review likely won't have immediate policy implications, and instead focus on structural factors such as lessons drawn from the BOJ's long battle with deflation.

The northeastern Chinese city of Shenyang is considering buying a stake in Hong Kong-listed Brilliance China Automotive Holdings Ltd., giving it exposure to a local joint venture with BMW AG, Bloomberg News reported. The municipal government is discussing a potential acquisition of a 30% stake in Brilliance China held by state-backed Brilliance Automotive Group Holdings Co., which is in a court-led restructuring process, the people said, asking not to be identified as the information is confidential.

Zee Entertainment Enterprises Ltd. has started settlement talks with its creditors to repay debts and remove the last hurdle in completing a merger with the Sony Group that would create a $10 billion media giant, Bloomberg News reported. The Indian television network has offered IDBI Bank Ltd., one of the creditors that moved insolvency court, to repay a loan of about 1.49 billion rupees ($18.1 million) in tranches, the people said, asking not to be named as the information isn’t public. Zee’s founders are in separate discussions with Axis Bank Ltd.

Credit Suisse has lodged a $440 million claim against Japan's SoftBank Group Corp in London as it presses ahead with formal proceedings in a dispute borne from the failure of Greensill Capital, a finance firm, Reuters reported. The Swiss lender is trying to recover client funds that Greensill had lent to Katerra, a SoftBank-backed U.S. construction group that filed for bankruptcy in 2021. SoftBank has vowed to vigorously fight the claim. The collapse of Greensill, along with a string of scandals, helped dent confidence in the 167-year-old Swiss bank.

On 20 January 2023, the Interim Proposal on the Reform of Secured Transaction Law (“Interim Proposal“) was published by the Japanese government, according to an analysis on Lexology.com. The Interim Proposal is, among other things, intended to govern security interests created by secured transactions, such as security assignments and sales with retention of title, that have been recognized by court precedents. The Interim Proposal also considers the introduction of a new type of security interest over all the assets of a company’s business.

China’s economy rebounded in the first three months of the year after Beijing dismantled its heavy-handed Covid-19 controls, teeing up a revival in growth that is expected to buoy the global economy as the U.S. and European economies slow, the Wall Street Journal reported. China’s economy expanded 4.5% in the first quarter of the year compared with the same three months a year earlier, China’s National Bureau of Statistics said Tuesday.

South Korea’s financial authorities will drastically reform the country’s 10-year-old system to better manage and supervise savings banks as the failures of U.S. Silicon Valley Bank and Credit Suisse Group AG have heightened uncertainties in the global financial market and concerns over non-performing real estate project financing loans in the country, according to sources from the financial circle on Sunday, Pulse reported.

The Malaysian government is re-evaluating a $3.9 billion settlement deal reached between the previous administration and U.S. investment bank Goldman Sachs over the 1MDB financial scandal, state news agency Bernama reported on Monday, Reuters reported. Prime Minister Anwar Ibrahim said on Monday a government taskforce looking into 1MDB issues was scrutinising the 2020 deal with Goldman, adding that it was a matter of recovering public funds, Bernama reported.

A committee of Sri Lanka's international private creditors sent its first debt rework proposal to the country's authorities regarding over $12 billion in bonds outstanding, Reuters reported. It is the first bondholder proposal after the island-nation of 22 million people defaulted on its debt a year ago. It is a first formal step to engage with the country's authorities. Details of the proposal were not immediately available. Representatives for the government did not respond to a request for comment. A spokesperson representing the creditor committee declined to comment.

China can phase out currency intervention by gradually reducing the amount and frequency of its forays into the market, the country's central bank governor said on Saturday, underscoring Beijing's resolve to keep up efforts to boost the yuan's global presence, Reuters reported. People's Bank of China Governor Yi Gang also said the central bank will seek to guide monetary policy so that real interest rates move slightly below the potential growth rate. "We have been trying to maintain the exchange rate stable for some time.