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A victim of its own actions, yields on Japanese debt have been pinned near zero ever since the Bank of Japan embarked on its aggressive bond buying program. Europe isn’t much of an option too, as yields turned negative this year on the region’s own quantitative easing.
On Saturday, the People's Bank of China announced that it will cut the benchmark deposit and loan interest rates by 25 basis points starting 1st March. That would put the one-year deposit rate at 2.5 percent and the one-year lending rate at 5.35 percent.
Eurozone finance ministers agreed to extend Greece’s bailout deal for another four months, provided it came up with a list of reforms by this week. Under the deal, Greece will still live under the EU/IMF bailout which Greek Prime Minister Alex Tsipras had pledged to scrap.
This week, euro-area finance ministers prepare to reconvene in Brussels to try and break an impasse over financing Europe’s most indebted state, Greece.
U.S. non-farm payrolls increased by 257,000 in January, capping a total gain of 1 million workers since November, the strongest three-month increase in 17 years.
How many impressionist works of art are here in Japan? Several of the largest collections are located in and around Tokyo, while there are lots of single paintings spread out all over the country.
Last night, October 31, 2015, was Halloween here in Tokyo. By around 20:00 the streets on the west side of Shibuya were completely jammed with people, and the police had 800 officers in the area for crowd control.
With the basic agreement of the TransPacific Partnership (TPP) now set, the various heads of the governments involved are busy to pass the local legislative changes needed to make the pact happen.
Earlier this week I traveled to Kochi city to participate in a seminar designed to help Kochi Prefectural tourism-related officials understand what might bring more foreign travelers there.
Earlier this week, the trade ministers from 12 pacific rim countries wrapped up their Trans-Pacific Partnership (TPP) negotiations. Between them they account for about 40% of the world's total GDP.