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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.
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.
Abe correctly said in 2013 that the economy needed to be turned around with three arrows. The third arrow, which was supposed to be deregulation and reform is in our opinion where he has failed.
If you want to capture the essence of Japanese spirit you also need arts with a dash of stoicism, nuanced values, and a direct connection to Buddhist or Shinto philosophy.
Apart from getting smart phone savvy, NTT DoCoMo has also been looking to improve its market influence and thus earnings by getting into the content business.
Most visitors to Japan wanted to know how to find a free WiFi connection, or are interested in prepaid data only SIM cards to access the Internet.