Sep 19 (Bloomberg) - Richard Yetsenga, chief economist at Australia & New Zealand Banking Group Ltd., discusses policies of central banks including the People's Bank of China and the Bank of Japan.
Bank of Japan unlikely to start tightening policy this year, ANZ says
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Chiyoda Ward in central Tokyo has announced a new childcare support policy, offering households with junior high and high school students a monthly stipend of 15,000 yen per child, without income restrictions, starting in April 2025.
Fukuoka Prefecture announced on Monday a plan to accommodate evacuees from Okinawa in the event of a Taiwan-related contingency. Under the plan, seven cities, including Fukuoka City, will serve as temporary shelters.
Representatives from various political parties in both the House of Representatives and the House of Councillors met on February 17th for a plenary session to discuss measures to secure the number of imperial family members. The debate focused on whether female members of the imperial family should retain their status after marriage.
From shabu-shabu with customizable sauces to unconventional okonomiyaki grilling techniques, Japan’s all-you-can-eat dining culture has become a significant attraction for foreign visitors, drawing widespread praise for its affordability, variety, and interactive dining experience.
Saudi Arabia, which is set to showcase a pavilion at the Osaka-Kansai Expo, held a cultural event on February 15th to introduce its traditions and hospitality.
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Osaka is witnessing an influx of foreign luxury hotels, fueled by a surge in inbound tourism. In 2024, a record 14.63 million international visitors arrived in the city, intensifying competition among global hotel brands.
Japan's real gross domestic product (GDP) grew at an annualized rate of 2.8% from October to December last year, marking the third consecutive quarter of positive growth. However, the results are not entirely encouraging, as weak consumer spending remains a concern.
SoftBank founder Masayoshi Son has put Arm at the centre of his plans to build a vast infrastructure network for artificial intelligence. The launch of Arm’s own chip is considered just one step in his larger plans to move into AI chip production, say people familiar with the plans. (Techmeme Ride Home Podcast)
The House of Representatives held a plenary session on February 13th, during which Prime Minister Shigeru Ishiba reported on his visit to the United States. Regarding Nippon Steel’s planned acquisition of US Steel, he stated after the Japan-US summit that the two countries had "agreed on making a substantial investment rather than a takeover."
The 2025 spring wage negotiations have officially begun, with major automakers submitting their demands on February 12th. The key question remains: will wage increases continue to rise this year?
The so-called 'Reiwa Rice Crisis' that emerged last summer continues to impact Japan. The government initially predicted that rice prices would stabilize once the new harvest entered the market, but as of February 11th, prices remain high. In some supermarkets, the price of a 5kg bag of rice has surged by 700 to 800 yen.
Following the Japan-U.S. summit during the Trump administration, discussions about liquefied natural gas (LNG) imports gained momentum. The agreement to expand LNG purchases from the U.S. was seen as a key development, but significant challenges remain. Will this lead to lower gas prices in Japan? And what are the five countries that pose obstacles to fulfilling this commitment?
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