BOJ to taper by 2T yen per month

Bank of Japan Gov. Kazuo Ueda | AFP-JIJI  TOKYO — The Bank of Japan is likely to trim its monthly bond buying by around 2 trillion yen ($12.7 billion) in new guidance due next month but forgo raising interest rates at least until September, former board member Makoto Sakurai said …

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China retail sales up 3.7% in May

BEIJING — Chinese retail sales picked up in May, but industrial production growth slowed, official data showed on Monday, suggesting the recovery in the world’s second-largest economy remains uneven. Leaders have struggled to kick-start growth since an initial burst followed the end in late 2022 of stringent Covid measures that …

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Hoisted with own petard

“’Several other Chinese statements before April 2024 addressed incidents at the shoal, calling out the Philippines for violating the Declaration on Conduct and older promises. Poetic justice is about China getting the flak for its earlier disinformation regarding the existence of a “gentleman’s agreement” in addressing the West Philippine Sea …

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Should we ban POGOs?

“The government should focus on developing more sustainable and secure sources of revenue that do not come with the baggage of criminality and national security risks. The rise of Philippine Offshore Gaming Operators (POGOs) has been a double-edged sword for the Philippines. On one hand, they have generated significant revenues …

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