See the full story in the original article.
Read the original on Bank of Japan ↗
Keywords
Open a keyword to see other news on the same topic.
Related tickers and likely impact
USD/JPY
• NeutralRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/21/2026 | 158.148 |
| Change that session | -0.02% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Crypto Long & Short: Why real-world assets need fixed-rate loans onchain
Peter Gaffney of O2O Capital Partners argues that fixed-rate, fixed-term lending is the missing piece for real-world assets (RWAs) to scale in DeFi, since borrow rates on variable-rate pools move with utilization. Illustratively, Aave's USDC borrow rate can climb from 4% to 14% as utilization goes from 92% to 100%, while JAAA yields 4.5%–5% and the one-year average USDC borrow rate is 4.56%, leaving only 50 basis points of spread. The April 2026 KelpDAO rsETH exploit pinned Aave's USDC pool at 100% utilization, forcing borrowers to pay 14% for five days. Morpho has opened fixed-rate markets, which Coinbase used to launch fixed-rate crypto-backed loans in September 2026, while Kamino offers 5.3% fixed-rate loans against Figure's auto loan portfolio. The piece also notes that a 5% shift in Sky and Ethena reserves could create $1.8 billion of demand for RWAs.
- XRP Ledger is set to fix its lending code before anyone can use it
A XRP Ledger bug-fix package is expected to take effect around 09:34 UTC on Oct. 23 after reaching the 29 validator votes needed for approval. The fixes relate to Ripple's proposed uncollateralized lending system, which remains inactive because its lending and vault amendments have only 19 and 21 votes. The package also closes a loophole that let accounts permitted only to burn tokens create new ones, and revises vault rounding and loan-default rules. Even if both amendments reached 29 votes today, the article notes lending could not go live before early November, since neither has started its two-week countdown.
- NFT Marketplace Blur to Shut Down Website, Stop New Blend Loans Next Month
Ethereum NFT marketplace Blur will deprecate its blur.io frontend on November 12, 2026, but the marketplace protocol stays operational on-chain and BLUR holders will continue to control its fee switch. Blend, Blur's peer-to-peer NFT lending platform, will stop matching new loans the same day, so borrowers must repay or let their loans default before then, and Blur will later provide a tool to withdraw assets from Blend. The change comes as the NFT market has shrunk sharply: Statista projects 2026 global NFT revenue of $318.3 million, and CryptoSlam data shows monthly sales fell to $167.2 million in September from $554.8 million a year earlier. The move also follows the announced shutdown of Blast, the Ethereum layer-2 network launched by Blur's team, which said it costs more to run than it earns.
- Popular ( BPOP ) Q3 2026 Earnings Call Transcript
Popular (BPOP) reported third-quarter net income of $266 million, up 26% from a year earlier, with diluted EPS of $4.21. Net interest income reached $699 million, supported by higher income from investment securities and commercial loans, while total deposits fell $1.5 billion to $68.7 billion mainly due to lower Puerto Rico public sector balances. The bank cut its full-year 2026 loan growth guidance to 2% from 3% to 4%, citing lower auto and lease activity. Nonperforming loans rose to a 1.16% ratio from 1.04%, while the company raised its quarterly dividend 20% to $0.90 per share and repurchased $179 million of stock.
- Watsco Completes $750 Million Unsecured Senior Credit Facility
Watsco announced it has signed a $750 million five-year unsecured senior revolving credit facility led by Bank of America, N.A. as Joint Lead Arranger, Sole Bookrunner and Administrative Agent, with JPMorgan Chase, PNC, Wells Fargo and U.S. Bank as co-arrangers and five other banks. The new facility amends and extends the company's existing credit line, and proceeds were used to repay $69.7 million in outstanding borrowings under the prior facility. Future borrowings will fund working capital, acquisitions, dividends and other general purposes, with terms offering higher borrowing capacity, greater covenant flexibility and better alignment with the seasonality of working capital needs. Executive Vice President Barry S. Logan said a committed source of low-cost debt is an important part of the company's growth strategy.
- Is Capital One Financial a Buy After Its Latest Earnings Report?
Capital One beat analyst estimates on profit and slightly on revenue in the third quarter, with revenue of $16.3 billion (up 6%) and adjusted net income of nearly $4.1 billion, or $6.69 per share, versus $5.50 expected. Card purchase volume rose 11% to nearly $255 billion, helped by moving debit card transactions onto its own network after acquiring Discover. Consumer banking revenue grew 17% to $3.3 billion, and loans held for investment rose 13% to just over $94 billion, though the article warns loan growth may slow after the Federal Reserve's rate hike at the end of September. Commercial banking revenue was flat at $901 million. Discover synergies reached an annualized $1.8 billion, with integration costs above $2.8 billion, which management expects to fall to zero by 2028.
Related markets
Latest news
- Bank Profits Surge
The 9-month 2026 results show many banks continued to grow profits, with some posting record quarterly earnings. VPBank's pre-tax profit reached nearly VND 30,000 billion, up nearly 47%, equal to its full-year 2025 result and about 72.4% of its 2026 plan; Q3 pre-tax profit topped VND 11,000 billion. Techcombank posted VND 28,900 billion (up 23.7%), while LPBank reported VND 10,421 billion (up nearly 9%). SSI forecasts pre-tax profit of its monitored banks to rise 19.5% in 2026 before slowing to 15.4% in 2027, pressured by narrowing net interest margins and rising credit risk provisions. It also expects system-wide credit growth of 16-17% in 2027 and 17.9% for the monitored banks.
- World's Largest Gold Fund Dumps Over 10 Tonnes of Gold as Prices Slide
SPDR Gold Trust, the world's largest gold fund, continued net selling of nearly 12 tonnes of gold in the 22/10 session, bringing total sales over 2 sessions to nearly 15 tonnes and cutting its holdings to about 1,046 tonnes. Spot gold fell more than 2.8% to around USD 4,025 per ounce at the close of 22/10, and briefly dipped below USD 4,000 per ounce in the morning session of 23/10. Tensions in the Middle East pushed crude oil prices higher, raising concerns about inflation and further Fed tightening, and gold has still not attracted sustained safe-haven demand even as US Treasury yields fell. US September CPI rose 0.6% month on month and 3.7% year on year, while PPI rose 1.3% and 6.3%. Markets price about an 84% chance the Fed holds rates steady at its 27-28/10 meeting and a 16% chance of a 25 basis-point increase; September PCE data due on 29/10 is the next key factor to watch.
- Gold Prices Continue to Fall
On the morning of 23/10, domestic gold prices kept falling, with SJC bar prices varying by seller and the premium over world gold widening. Công ty TNHH Vàng bạc đá quý Sài Gòn listed SJC bars at VND 139-142 million per tael (buy-sell), down VND 300,000; Phú Quý was at VND 138-141.8 million, down VND 500,000; and Mi Hồng at VND 140-141.5 million, down VND 800,000. Gold rings also fell by varying amounts, with DOJI at VND 138-142 million and Phú Quý at VND 138-141 million per tael. World gold dropped USD 129 to around USD 3,992 per ounce, equal to about VND 125.3 million per tael, leaving SJC bars about VND 16.7 million per tael above the world price. The State Bank's central rate was set at 25,627 VND/USD, down 5 dong, while Vietcombank quoted 25,660-26,040 VND/USD (buy-sell).
- Company Linked to Billionaire Pham Nhat Vuong Announces Major Good News
VEFAC (ticker VEF), a Vingroup subsidiary, posted Q3 net revenue of nearly VND 77 billion, up 67% year on year, but a gross loss of about VND 27 billion as cost of sales from its exhibition business exceeded revenue. Q3 profit rose mainly thanks to a gross gain of about VND 65 billion from transferring some schools in a project to a partner, while financial income reached over VND 388 billion, mostly from loan and investment income. For the first nine months of 2026, after-tax profit was nearly VND 865 billion, down about 94% from VND 15,418 billion in the same period of 2025, as the prior year included large gains from transferring part of the Vinhomes Global Gate project. As of 30/9/2026, total assets stood at over VND 31,905 billion, up 36% from the start of the year, while total liabilities exceeded VND 24,364 billion, with short-term customer advances rising from VND 411 billion to over VND 8,373 billion.
- Lotte and Phat Dat Officially Break Ground on VND 60,000 Billion Mega Project in Thu Thiem 'Golden Land'
A joint venture between Lotte Group (South Korea) and Phát Đạt (HoSE: PDR) officially broke ground on 23/10 on Lotte Eco Smart City Thu Thiem in the Thu Thiem New Urban Area, HCMC, with total investment of about VND 60,000 billion. The project covers nearly 7.5 ha and will combine Grade A offices, retail, services, accommodation and housing, adjoining the central plaza and central lake of Thu Thiem. Phát Đạt holds 35% of Lotte Properties HCMC, the project developer, and will develop the housing blocks along with two towers (2-1 and 2-3) with about 219,722 m2 of floor area, while Lotte handles block 2-5. Lotte Properties HCMC paid VND 17,569 billion in land-use fees on 31/7/2026, and Phát Đạt completed its VND 7,666 billion payment to take its 35% stake. MB is funding all of Phát Đạt's capital contribution, while VietinBank and BIDV also support the project.
- International Business : Global stocks nosedive as Meta dents AI optimism
Global stocks retreated as tech earnings failed to ease concerns about the AI outlook, with MSCI's All-World index set for its largest daily fall in two weeks, down 0.4 per cent. Meta beat third-quarter revenue expectations, but its plan to issue non-voting stock revived worries about its mounting capital commitments, and a New Mexico judge ordered it to pay a $25 billion penalty in a data privacy case. Brent crude rose nearly 3% to $112 a barrel, near a five-month high, after more Houthi attacks in Saudi Arabia raised supply risks. Investors moved into government bonds, pushing the US 10-year yield down to 5.05%, below France's for the first time in 13 years, while French yields have climbed above 5% amid concerns over social unrest and debt. The France-Germany 10-year spread reached 177.7 basis points, its widest since 2011, while gold fell 1.8% to $4,070 an ounce.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.