- The Federal Reserve has moved U.S. interest rates up into a zone where policy-makers need to weigh the risk of raising them too far as they debate future moves, a top Fed official said.
- Japan's GDP growth in the fourth quarter was revised down from an annual rate of 5.5% to 5.4%. Bank of Japan Governor Fukui said that he is not yet ready to discuss raising Japan's interest rate.
- The U.S. Agriculture Department said on Monday a more advanced test showed an animal that tested "inconclusive" for mad cow disease during the weekend was positive for the illness.
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