After a month negotiations, the grocery sector could be set close to finalizing a voluntary code of conduct for supermarkets and suppliers. The Australian Food and Grocery Council meet again, met again, sorry,  with Woolworth this week. The code will aim to improve the relationship between supermarkets and suppliers. The Australian Competition and Consumer Commission is investigating allegations that the major supermarkets had used bullying tactics with suppliers.

 

The US dollar has traded above 100 yen for the first time in more than three years. Japan’s monetary easing and expectations that it will help promote inflation have helped drive the value of the yen down. Prime Minister Shinzo Abe has pushed both fiscal and monetary stimulus strategies to keep start Japan’s economy and end a long period of deflation.