The Bank of Japan should estimate that inflation will stay short of its 2% target for the first time. That will be beyond Governor Haruhiko Kuroda’s term through early 2023, according to sources. It is also likely to cut this fiscal year’s inflation forecast reflecting cuts in cell phone charges. This highlights the challenge it …
BOJ Inflation Prediction to Show Ultra-easy Policy Limits Read More »
In Japan, concerns about a new wave of coronavirus infections are rising fast. Albeit, the country, so far, has fewer COVID-19 cases, as compared to many Western countries. Japanese companies are bracing for the fourth round of coronavirus infections. A monthly poll showed that many expect a new wave to further hit their businesses after …
Japanese Companies Fear a New Wave of COVID-19 Infections Read More »
According to most polled economists, risks to Japan’s low inflation outlook have turned more upward. In Japan, the rising commodity prices, a weak currency, and supply shortages brought on by the global pandemic lift input costs. Economists said, however, that any pick-up in Japan’s inflation will be modest. This is because of weak wage growth, …
The Japanese economy has started to pick up steam. However, any recovery would likely be modest. This is due to lingering pain on the economy from the coronavirus pandemic, Bank of Japan Governor Haruhiko Kuroda warned on Thursday. The world’s third-largest economy is suffering from a resurgence in COVID-19 infections. Record cases were reported in …
BOJ’s Kuroda Warns of Continued Pain on Economy from COVID-19 Read More »
Toshiba Corp CEO Nobuaki Kurumatani stepped down on Wednesday amid controversy over a $20 billion buyout bid from CVC Capital Partners. The conglomerate’s shares surged on reports that KKR & Co and Brookfield were also planning offers. Kurumatani received criticism for the bid from CVC, his former employer, as well as allegations. The management allegedly …
Bank of Japan Governor Haruhiko Kuroda on Tuesday explained the benefits of a weak yen. A weak Japanese currency, he said, helped manufacturers by inflating the value of profits earned overseas. Many manufacturers in Japan now produce goods they sell overseas locally. According to Kuroda, this means a weak yen may not increase export volumes …
BOJ’s Kuroda says Weak Yen Promises to Benefit Japan Read More »
HSBC Holdings has agreed to share documents with lawyers for Huawei Technologies executive Meng Wanzhou. This was after the bank previously beat back demand for documents in a U.K. court. Meng has been under house arrest in Canada since being detained at Vancouver airport in December 2018 on a U.S. warrant. She has faced charges …
HSBC Agrees to Share files for Huawei’s Meng Wanzhou Read More »
The Chinese government urged the international community to resist “vaccine nationalism.” China encouraged nations to coordinate policies to make vaccines accessible to developing countries. This is in order to contain the pandemic, as well as for the sake of the global economy. According to the governor of the People’s Bank of China, Yi Gang the …
China Repeats Call to Resist Vaccine Nationalism Read More »
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