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Asian shares edged higher on Monday as investors waited nervously to see whether the Bank of Japan (BOJ) would defend its super-sized stimulus policy at a pivotal meeting this week, while a holiday in US markets made for thin trading.
The year 2022 was marked by what Adam Tooze, professor of history at Columbia University, called a “polycrisis”. The term, which means interlocking and simultaneous environmental, geopolitical and economic crises, clearly defined the global situation in 2022.
As China Evergrande Group looks set to miss its third round of bond payments in three weeks, markets are shifting their focus to other indebted property developers as a wall of debt payment obligations come due in the near-term.
