Masayoshi Amamiya (right) with William Mallard during an event in Tokyo. Reuters
The Bank of Japan (BOJ) kept its monetary settings steady on Tuesday but added language to its policy statement that it would ease “without hesitation” if the economy loses momentum for achieving the central bank’s 2% inflation target.
The Bank of Japan (BOJ) told investors for the first time on Thursday it would keep interest rates at super-low levels for at least one more year, seeking to dispel uncertainty over its commitment to ultra-loose policies as the economy comes under fresh pressure.
The last couple of days in Japan have been of huge historical significance. On Tuesday Emperor Akihito, who ascended the throne in 1989, completed his elaborate abdication ceremony; on Wednesday Emperor Naruhito took over, becoming the island nation’s 126th emperor and ushering in a new era.
Japan’s Imperial Palace has a new resident who earned an economics degree from Harvard, speaks at least five languages and has negotiated complicated trade deals as a diplomat. It’s not Emperor Naruhito, who took the Chrysanthemum Throne on Wednesday. It’s his wife, Empress Masako.
Washington and Beijing are working actively to revive negotiations aimed at ending the trade war that has rattled world markets, Donald Trump’s chief economic advisor said on Sunday.
Germany’s second biggest city Hamburg is becoming one of the favourite travel destinations for Gulf travellers, offering them outstanding features, from great waterfront sites, high-end shopping facilities, luxurious hotels to exquisite culinary Michelin-star restaurants.
The Dubai Maritime City Authority (DMCA) has revealed the successful opening of its newest registration and licensing centre in Umm Suqeim. The move complements the government’s continuing efforts towards achieving customer happiness