China PBOC injects CNY50 bln via 7-day reverse repos

China Central Bank injects 50 bln Yuan via 7-day reverse repos today.

Meanwhile, the PBOC drains a net 840 bln Yuan for the week via open market operations, versus a net 80 bln Yuan drain last week.

No change in PM Abe's plan to implement sales tax hike next year – Japan’s FinMin Aso

Japan's finance minister Aso was also on wires earlier today, commenting on the sales tax hike plans.
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PBOC sets Yuan midpoint at 6.5248 Fri vs 6.5412 last

On Friday, the Chinese central bank, PBOC, sets the USD/CNY reference rate at 6.5248 versus 6.5412 Thursday close, pushing the yuan higher against the greenback.
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