2024-08-04 16:05:00
An advisory committee made up of business representatives from the Asia-Pacific Economic Cooperation (APEC) forum met in Tokyo and compiled a set of recommendations calling for the creation of rules to avoid the imposition of tariffs on each other in the expanding electronic commerce market.
2024-08-04 10:52:00
Following the Bank of Japan's decision to raise interest rates further, major domestic banks are increasingly raising the "short-term prime rate," which serves as the benchmark for interest rates on mortgages, etc. Meanwhile, they have also decided to raise interest rates on ordinary deposits, and the gradual rise in interest rates is likely to have an impact on households and businesses.
2024-08-04 01:18:00
At the beginning of last month, the yen was trading at around 161 yen to the dollar. In the space of a month, the yen strengthened by over 10 yen to the dollar, temporarily dropping to the 148 yen range (as of August 1). The main factors behind this rollercoaster-like sudden fluctuation were the Bank of Japan's interest rate hike and the hint of an interest rate cut from the US. Now that the shift in monetary policy in Japan and the US has become clearer, has the historically weak yen phase come to an end?
