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Finance Minister Tito Mboweni said reforms and a successful vaccine rollout would be the critical building blocks for South Africa’s economic recovery in 2021.
Continued foreign inflow into country bodes well for sector
PETALING JAYA: The Malaysian bond market is set to remain robust amid lingering risks after witnessing eight consecutive months of net foreign inflows into the market.
With the economic recovery underpinned by the financing of infrastructure projects, the government’s deficit financing due to stimulus measures and yield hunting activities by foreign investors, it spells good news for domestic bonds.
The government’s fiscal deficit in 2021 is projected to be at 5.4% of gross domestic product (GDP), despite a slight reduction from an estimated 6% last year.
The country’s GDP growth forecast for this year is expected to be between 6.5% and 7.5%, according to the Finance Ministry.
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(Corrects name of pension fund in para 4 to Government Pension Investment Fund, from Government Pension Index Fund) Japan’s GPIF resists FTSE Russell’s plan to include China Japanese investors are biggest users of FTSE’s bond index Their reluctance stems partly from historical tensions China’s high yields attract foreign investors Some Japanese banks, insurers snapping up Chinese bonds
TOKYO, Jan 15 (Reuters) - Index provider FTSE Russell is facing resistance from some Japanese players, including the country’s biggest pension fund, on a plan to include China in its World Government Bond Index (WGBI), one of the most widely-used global bond benchmarks.