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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.
A Surrey University paper discusses the concept of "food memories" and how past experience with a food significantly affects a tourist's attitude towards trying it again.
Mr. Terry Gou, the CEO of Foxconn Technology Group (also known as Honhai) signed a JPY389bn deal to take control of Sharp, one of Japan's bedrock electronics firms.
The Nikkei newspaper started running articles about the peaking of the inbound tourism income bubble, pointing out that since the end of 2015 there has been a downwards shift in per-visitor tourist spending.
There has been a surge in cash hoardings, with an extra 6.2% ten thousand yen bills going into circulation last year, the highest jump in demand since 2002.
The local operation of Expedia is very Japanese. However, like other "Japanified" foreign-firm branches, they have lost their ability to recognize and respond to external trends.