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India's retail inflation eased to 4.59% in December from a year ago, mainly helped by a sharp fall in vegetable prices, government data released on Tuesday showed, falling within the central bank's target of 2%-6% after eight months.
* Aim is to prevent excess borrowing and fraud -sources * Adds to recent proposals to sharpen scrutiny of tech champions (Adds quotes, details on credit agencies) HONG KONG, Jan 11 (Reuters) - China plans to push tech giants including Ant Group, Tencent and JD.com to share consumer loan data to prevent excess borrowing and fraud, two people with knowledge of the matter said, in Beijing’s latest tightening of scrutiny. The plan, if implemented, would effectively end the government’s laissez-faire approach to the industry and is another sign of attempts to rein in the country’s technology...
Written by Steven HansenHeadline consumer credit barely expanded and was well below expectations. Our analysis of the unadjusted data shows annual growth was insignificant and continues barely in expansion year-over-year.
By Reuters Staff 1 Min Read TOKYO, Jan 8 (Reuters) - Japanese household spending rose 1.1% in November from a year earlier, government data showed on Friday, compared with economists’ median estimate of a 1.5% decrease. To view the data on the website of the Ministry of Internal Affairs and Communications: here (Reporting by Daniel Leussink; Editing by Chris Gallagher)
* Household spending rises for 2nd straight month * Household spending sees 1st m/m drop in 4 months * Tokyo area coronavirus emergency likely to hurt spending (Adds analyst comments, details) TOKYO, Jan 8 (Reuters) - Japan’s household spending unexpectedly rose in November, as consumer sentiment showed cautious signs of recovery from the damage inflicted by the coronavirus pandemic. A one-month state of emergency for the Tokyo area approved by the government on Thursday is likely to hurt the recovery in domestic demand, with some analysts expecting the economy to fall into contraction in t...