Decision comes despite return to annual deflation for first time since 2013
Despite weak inflation and household spending, central bank decides against fresh measures to stimulate economy, pushing the yen up
The Bank of Japan has surprised investors by deciding against any fresh market stimulus despite shocking data that underlined the huge problems facing the country’s economy.
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Benchmark left at near-decade high as the country braces for a government shake-up
China’s push for driverless cars accelerates
Vehicle manufacturers in China are hoping to introduce the self-drive car within two or three years.
The growing number of people switching careers in later life
Fund points to country’s ability to attract foreign direct investment despite political upheaval
We oppose each other on many things, but we both know the poorest in our country would be badly hit by a Brexit
A former trade union leader and a Conservative prime minister have never before put pen to paper together. We do so today in very special circumstances. With the prospects for working people all across Britain at stake on 23 June, it is right that the rules of conventional politics be temporarily set aside. There are, of course, many things on which the two of us disagree. But we are united in our conviction that Britain, and Britain’s workers, will be better off in a reformed Europe than out on our own.
While staying in Europe offers workers in the UK the best prospects of rising prosperity, leaving poses what we call a triple threat: to working people’s jobs, to their wages and to the prices we all pay in the shops. Let us take each in turn.
Related: Brexit could cost £100bn and nearly 1m jobs, CBI warns
Related: George Osborne: Brexit would leave UK ‘permanently poorer’
The policy-setting committee, including chair Janet Yellen, softened language regarding the global economy’s impact and implied openness to raising rates
US interest rates will remain unchanged until at least June, the Federal Reserve’s open market committee (FOMC) announced on Wednesday. Signaling faith in the strengthening US economy, the Fed’s policy-setting committee softened its language regarding the global economy’s impact and implied openness to raising interest rates in the near future.
On Wednesday, the US central bank left interest rates unchanged at 0.25% to 0.5% for a third time this year. After the Fed raised rates from near zero for the first time in almost a decade in December, it was expected to hike rates four times this year. Since then, the forecast has been adjusted to just two hikes in 2016.
Related: US interest rates: Merle Hazard tries to cheer up Fed watchers
Related: Federal reserve was split over decision to delay interest rate hike