Australia’s central bank pleads for slower rate hikes Reserve Bank of Australia Governor Philip Lowe said the central bank “acknowledges” that “the case for slowing the pace of interest rate increases is growing stronger as the level of the cash rate increases”. National Australia Bank economist Tapas Stickland said Lowe’s remarks could “signal a shift … Read more
Australia’s central bank pleads for slower rate hikes Reserve Bank of Australia Governor Philip Lowe said the central bank “acknowledges” that “the case for slowing the pace of interest rate increases is growing stronger as the level of the cash rate increases”. National Australia Bank economist Tapas Stickland said Lowe’s remarks could “signal a shift … Read more
MOSCOW (AP) — Russia said on Monday it would launch extensive military drills in the east of the country that would involve Chinese forces — a show of increasingly close defense ties between Moscow and Beijing amid tensions with the West about the Kremlin’s action in Ukraine. The Russian Defense Ministry said exercise Vostok 2022 … Read more
This image, from March 2022, shows wind turbines in front of the Hamaoka nuclear power plant in Japan. The country now plans to use more nuclear energy in the coming years. Korekore | Istock | Getty Images Japan’s plans to return to using more nuclear power have been welcomed by the International Energy Agency, with … Read more
In this photo illustration a PlayStation 5 logo displayed on a smartphone. Mateusz Slodkowski | SOPA Pictures | Light Rocket via Getty Images sony on Thursday raised the recommended retail price of its PlayStation 5 game console in several international markets citing the global economic environment, including high inflation. The Japanese gaming giant said the … Read more
Bank of Japan member says he wants to stick to ultra-loose policy Toyoaki Nakamura, a member of the Bank of Japan, stressed the need to “patiently maintain” its position on monetary easing, according to Reuters. In a speech, he said that a tightening of monetary policy when the output gap remains negative would weigh heavily … Read more
TOKYO (AP) — Asian stocks were trading lower on Tuesday, echoing a broad sell-off on Wall Street amid speculation of another U.S. Federal Reserve interest rate hike. Benchmarks in Asia slid across the region in morning trade, including Japan, China, South Korea and Australia. The latest market drop comes as investors grapple with uncertainty over … Read more
TOKYO (AP) — Japanese Prime Minister Fumio Kishida shuffled his cabinet on Wednesday in an apparent effort to steer his administration away from the Conservative Unification Church about his ties to slain leader Shinzo Abe and senior ruling party officials. The reshuffle, the second in just 10 months since Kishida took office, follows his July … Read more
August 6, 1945 marked the beginning of the end of World War II when the United States dropped an atomic bomb on the Japanese city of Hiroshima *** a short time ago an American plane dropped a bomb on Hiroshima and destroys its usefulness to the enemy. The explosion, equivalent to the power of 15,000 … Read more
China has said it is canceling or suspending dialogue with the United States on issues ranging from climate change to military relations and anti-drug efforts in retaliation for a visit this week to Taiwan by the Speaker of the United States House. States, Nancy Pelosi. Beijing also imposed sanctions on him. The measures announced on … Read more
