Financial Occultist

From earlier in the month: China has proposed a ban on private news media

One of the measures is outlets will not be permitted to reproduce news content generated by certain media.

Caixin Media has been removed from the list of news outlets that can be republished. Caixin was one of the more independent outlets, not so tightly controlled as other Chinese media, much of which is little more than a state mouthpiece. The limitation on Caixin reduces the impact of one of China’s better sources of information.

Federal Reserve speakers scheduled for Thursday 21 October 2021

21-Oct-21 08:01 am

Analysis

Anirudh Sethi

9am US ET, 1300 GMT, has Federal Reserve Board Governor Christopher Waller speaking on the U.S. economy

before the virtual Official Monetary and Financial Institutions Forum Discussion.

At 9pm in the evening, which is 0100 GMT on Friday 22 October 2021 Federal Reserve Bank of New York President John Williams to participate virtually in moderated discussion before the 3rd Bund Summit organized by the China Finance Forum

9am US ET, 1300 GMT, has Federal Reserve Board Governor Christopher Waller speaking on the U.S. economy

Japan’s industry ministry warns of tightest electricity supply / demand balance in a decade

21-Oct-21 07:02 am

Analysis

Anirudh Sethi

Japan’s Industry Minister (Ministry of Economy, Trade and Industry) with some positive and not so positive commentary:

LNG inventory held held by major utilities as of October 15 was around 2.3 mln tonnes, up 0.7 mln tonnes from yr-ago
Says Japan’s electricity supply vs demand this winter is expected to be the tightest in decade
on electricity supply for winter, says minimum required reserve ratio of 3% has been secured