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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.
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.
Not just hotel funds, foreign individuals are also driving up real estate prices. They are typically starting in the big cities, but we predict it won't be long before the excitement moves out to the rural areas as well.
Overseas tourist tragedies (Egypt and Tunisia) remind us just how lucky we are with public safety in Japan, and how Japan should be selling itself as a safe destination for international tourists wanting somewhere exotic to go.
A new government initiative operated from the Japan External Trade Organization in cooperation with the Tokyo Metropolitan Government has been launched to help make it easier for foreigners to start a company in Japan.
Since JAL emerged from bankruptcy in 2010, the company has been on a combination of cost-cutting and strategic route planning. Everything was relatively new, staff were courteous and imbued with "omotenashi".
We remember the days when a 30% currency change over 2 years was considered dramatic, and yet here we are at more than 50% and mostly we sit back and complain about how things are getting more expensive.