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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.
UK-based Transferwise solves a number of problems with PayPal and could possibly become THE money transfer solution for foreigners in Japan over the next couple of years.
The opportunities in the inbound medical tourism market are actually very compelling. We were approached by a B2B2C Systems Integration company that wants to get into the medical tourism market.
It was with some interest that we saw news on Friday that NHK has for the first time lost a law suit over its ability to enforce collection of its viewer fees.
A brief comment about the news that Japan's defense budget is surging to a record.
Japan Tourism Agency (JTA) numbers released at the end of July showed that foreign inbound travelers for June 2016 were up a surprising 23.9% over June 2015. What is driving the renewed surge in visits?