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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.
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.
Already Japan is becoming one of the premier holiday destinations for wealthy people in Asia, we think it won't be too long before we start seeing the same phenomenon here that Florida has with Canadians.
Budget airline company Skymark went into bankruptcy, marking the end of a painful 3-year process of spiraling losses (especially in the last year) due to a declining market share and expanding costs.
With the rise of Online Travel Agents (OTAs) suddenly foreigners are being directed to places and activities in Japan that are being decided and arranged by marketers and tour planners based abroad.