BOJ Rate Decision in Focus as Yen, Inflation, and Nikkei Hang in Balance 
Federal Reserve Probes Big Banks Over Private Credit Exposure Amid Growing Systemic Risk Concerns 
Bank of Japan's Ueda Flags Low Real Interest Rates as Key Factor in Rate Hike Timing 
South Korea Central Bank Signals Cautious Policy Amid Inflation and Middle East Tensions 
RBI Holds Interest Rates Steady Amid Middle East Tensions and Global Uncertainty 
Japan Inflation Expectations Rise as BOJ Rate Hike Timing Faces Uncertainty 
Bank of Korea Nominee Shin Hyun-song Signals Possible Rate Hike Amid Middle East Inflation Fears 
PBoC for the first time disclosed its short foreign-currency positions in forwards and futures. As of end-February, it held USD28.9bn of such positions with commercial lenders and USD2.4bn worth of total long positions.
The disclosure follows speculations that the central bank was increasingly using derivatives to bolster the yuan, a more opaque method of intervention that won’t immediately draw down its foreign reserves. The disclosure is another step by the central bank towards greater transparency and efforts to build confidence with investors.
The PBOC’s forward position is “surprisingly low given the market volatility and the massive intervention,” said Sacha Tihanyi, at TD Securities.
"The reserves figures don’t necessarily give a comprehensive picture because non-PBOC institutions may absorb flows," noted Goldman Sachs
