People walk past a stock board of a securities firm in Tokyo on Friday. Associated Press
The Bank of Japan (BOJ) is expected to forecast this week that inflation will remain below its 2 per cent target through the fiscal year that ends in March 2022, sources say, a sign its massive stimulus will stay in place for the foreseeable future.
Japan’s core consumer inflation slowed in May and factory activity shrank in June, underlining the growing stress on the economy and keeping the central bank under pressure to expand its radical stimulus programme, possibly as early as next month.
Japan’s core consumer inflation wallowed at a two-year low in July, increasing pressure for the central bank to acknowledge price momentum was slowing and expand its radical stimulus programme.
Japan’s core consumer inflation slowed to a new two-year low level in August due to lower oil costs and feeble economic growth, data showed on Friday, adding to the central bank’s growing challenges in achieving its elusive 2% price target.
Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai, today toured the 43rd edition of the Big 5, the largest and most influential construction event in the Middle East, Africa and South Asia, at the Dubai World Trade Centre. Sheikh Hamdan said Dubai aims to be a
India’s central bank raised its key policy rate by 35 basis points to 6.25 per cent on Wednesday, the highest in over three years and its fifth straight increase, and vowed there will be no let up in its fight to tame high inflation. While there have been signs recently that price pressures may be moderating, Reserve Bank of India (RBI)
AD Ports Group has signed a collaboration agreement with the Africa Finance Corporation (AFC), an infrastructure solutions provider in Africa, to address infrastructure gaps across the continent. The agreement provides the basis for the two organisations to join forces on identifying, financing, developing and investing in much-needed
Abdullah Sultan Al Owais, Chairman of the Sharjah Chamber of Commerce and Industry (SCCI), and Vice Chairman of the Federation of UAE Chambers of Commerce and Industry (FCCI), has received a high-level business delegation from Uzbekistan’s Chambers of Commerce and Industry. The delegation was led by Vakhabov Davron,