Summary


Japan gets the jitters over surging oil prices JAPANESE ministers, who have been playing down the impact of soaring oil prices, today expressed concern that the increases could dampen global economic activity and undermine Japan's recovery if it was sustained."If it's a shortterm rise, the economy can deal with it," Economics and Financial Services Minister Heizo Takenaka said.

Hong Kong dollar ignores deflation-battle victory THE Hong Kong dollar was little changed today as traders shrugged off news that Hong Kong had finally won a six-year battle with deflation.

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"Everyone expected there would be some movement bu...

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