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Express News | Jpmorganchase Brings Software Developer Conference Devup to India
After the regulatory Institutions issued a restructuring warning, Japanese Brokerages began evaluating the repackaged Japanese bond products.
Leading brokerages in Japan are reassessing their Business of selling structured loans to local Banks, after Japanese financial regulators announced a comprehensive overhaul of this $67 billion market. A representative from Nomura Holdings stated in response to a media inquiry involving 15 investment banks that the company is evaluating the practice of repackaging Japanese government Bonds into loans. The brokerage subsidiaries of Mitsubishi UFJ Financial and Mizuho Financial are also investigating the sales status of such products. Currently, the Financial Services Agency of Japan is conducting strict reviews of these products. A senior official from the Financial Services Agency criticized local Banks for increasing their Shareholding in the repackaged Bonds during an interview last month.
External headlines: Tesla plummets 15%, Musk says X is experiencing a large-scale cyberattack, Apple operating system will undergo significant upgrades, and Consumer pessimism about the economy deepens.
The main headlines that Global financial media focused on last night and this morning include: New York Fed Survey: USA Consumers' Pessimism about the Economy Deepens. The monthly survey conducted by the Federal Reserve Bank of New York shows that USA consumers expect a slight rise in the short-term inflation rate, and they are increasingly pessimistic about their financial situation. The consumer expectations survey by the New York Fed indicates that the median expectation for inflation over the next year increased from 3% in January to 3.1% in February. Expectations for inflation over the next three and five years remain stable at 3%, which may slightly reassure decision-makers closely monitoring such predictions. President Trump's policies may lead to a slowdown in economic growth.
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