BOJ governor UEDA warns oil-price shock could become persistent inf; calls it 'fifth' oil shock since 1970s, says if shock shifts wages, inf expectations or firm pricing it may persist; o/n swaps price ~75% chance of 25bp BOJ hike next month

Dong Jun is expected to miss the Shangri-La Dialogue in Singapore for a second consecutive year, according to people familiar with the matter. China is instead expected to send a lower-profile delegation from the People’s Liberation Army National Defense University. The reason for Dong’s expected absence was not disclosed, and the plans could still change before the forum begins this weekend.

RBNZ Board Vows To Stop Rising Costs From Raising Medium-Term Inf