Japan’s government cut this year’s economic growth forecast but expects inflation to sharply exceed the central bank’s 2 per cent target in new projections released, acknowledging growing signs of change in the country’s deflationary mindset. The estimates come ahead of the Bank of Japan’s closely watched policy meeting next
Bank of Japan (BOJ) board member Naoki Tamura on Wednesday warned of the risk of an overshoot in inflation and said the timing of an end to ultra-loose monetary policy will depend on economic, price and wage developments ahead. He also said the central bank will weigh the pros and cons of its current policy framework, in
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.
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.
Prime Minister Narendra Modi took all the leaders who were at the G20 Summit that India had hosted in New Delhi on September 9-10 to Raj Ghat, the place where India’s undisputed leader of the Freedom Movement and Father of the Nation, Mahatma Gandhi, was cremated, to pay respects. It was a symbolic
The Egyptian authorities have paused bulldozing tombs in Cairo’s fabled City of the Dead after protests by public figures, cultural preservationists, tour operators, and global historians. Too little, too late. A wasteland of rubble is all that remains of historic and family tombs in protected heritage sectors of the
Theresa May has joined the Conservative heavyweight pile-on against Rishi Sunak over HS2 as she becomes the third former Tory prime minister to call for the project not to be axed. Asked on Saturday if she would cut HS2, the former Tory leader responded with a categoric “no” over fears that abandoning the
The most interesting part of the Hollywood writers’ new contract is the AI clause. According to news reports, it explicitly allows the studios to “train” large language models on scripts written by members of the Writers Guild. The agreement implies that permission to train an LLM on a writer’s works has value.