Monetary Authority of Singapore chief economist Edward Robinson said AI-driven productivity gains could eventually let central banks adopt a more accommodative monetary policy.
Japan's Ministry of Finance sold 20-year government bonds on Tuesday to the strongest investor demand on record for that maturity. Elevated yields drew renewed buying from domestic institutions.
Japanese Prime Minister Sanae Takaichi denied on Monday that her government's policies are responsible for the yen's weakness or rising interest rates, pushing back against concerns that her administration favors a more expansionary fiscal stance. Her comments came as currency traders and economists debate how far Tokyo will go to support growth.