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Yen strengthens on reports Ueda picked as Bank of Japan chief
Yen strengthens on reports Ueda picked as Bank of Japan chief
Business and Economy
by  AFP

Japan's government plans to nominate economics professor Kazuo Ueda as Bank of Japan governor, reports said Friday, an unexpected pick that sent the yen rallying against the dollar. Reports in Japanese media including the Nikkei business daily and public broadcaster NHK said the government plans to nominate Ueda, a former BoJ policy board member, as governor.

UK skirts recession with zero fourth-quarter growth
UK skirts recession with zero fourth-quarter growth
Business and Economy
by  AFP

Britain's economy avoided recession after flatlining in the last three months of 2022, but finance minister Jeremy Hunt warned Friday it was "not out of the woods yet" over surging inflation. "We are not out the woods yet, particularly when it comes to inflation," Hunt said, but also noted that "our economy is more resilient than many feared".