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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.
Looking at the Laox stock price over the last 6 weeks, you will see that their shares have moved almost 40% from the top to bottom, then recovered by 20% in just the last 3 trading days.
Towns and cities all over Japan, funded either directly by the Japanese government or indirectly through private investment programs are now wondering how to attract their share of visitors.
It looks like special foreign nanny visas are about to become law, for many thousands of nannies who can be hired by regular Japanese working women.
Why doesn't the Tokyo Olympics committee follow the same good sense of its predecessors and hold the Olympics in, say, September-October? No one is saying, not in public anyway.
Given that most nuclear power plants do not need plutonium as a fuel (although those using a mix called MOX do), the only conclusion we could come to was that Japan is on the threshold of having nuclear weapons.