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.
China wants to reach an initial trade deal with the United States, President Xi Jinping said on Friday, but is “not afraid” to fight back when necessary and will enact economic reforms at its own pace.
Breakbulk Middle East, an internationally acclaimed conference and exhibition, reveals ‘Education Day” initiative. The event, which will take place from 25th February to 26th February 2020 at Dubai World Trade Center,
Experts and analysts revealed during the 8th Chief Audit Executive Conference (CAE) in Dubai that the UAE is marching ahead in the region in adopting Artificial Intelligence and smart technologies.