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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.
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?
Japanese major tech firms are starting to use M&A as one way to acquire the necessary expertise. Last year Hitachi Data Systems bought a leading data integration, visualization and analytics company called Pentaho.
Looking after niche markets such as custom and adventure travelers, we are experiencing steadily rising demand. Better still, currently we have very little local competition in either sector.
The Nikkei is saying that the new package will have four pillars -- infrastructure development, financial support for small businesses, mobilization of underutilized human resources, and disaster prevention measures.
One of my favorite past times is creating ideas about how to help people travel Japan cheaply and yet reliably. The cheapest way to see Japan is to intern in our annual Japan Travel internship program.