Tokyo, the bustling metropolis of Japan, has been struggling with declining marriage rates and birth rates for years. To combat this issue, the government of Tokyo has introduced an artificial intelligence (AI)-powered dating app to help individuals find potential partners for life. The app aims to leverage big data and AI technology to suggest matches
Economy
The stock market saw a relatively flat end to the week, with the S&P 500 barely moving on Friday. Despite the lackluster performance on the day, the index managed to secure its most significant weekly gain of the year so far, thanks to the Federal Reserve’s decision to stick with projections of three interest rate
The dollar has been making significant gains this week, heading for a second week of increases against a variety of currencies. Even with a rate hike in Japan and a surprise cut in Switzerland, the dollar’s momentum remains strong, showcasing a divergence in interest rate policies among different central banks. This week, there has been
Japan’s core inflation accelerated in February, but an index measuring the broader price trend slowed sharply. This discrepancy highlights uncertainty regarding when the central bank will hike interest rates again. While factors such as rising wages and import costs could support price growth, analysts predict that inflation may dip below the Bank of Japan’s 2%
In a significant development, Turkey and the Gulf Cooperation Council (GCC) have come together to sign a deal to kickstart negotiations for a Free Trade Agreement (FTA). This move, announced by Turkish Trade Minister Omer Bolat, marks a pivotal moment as Ankara aims to strengthen economic relations with the region. Diplomatic Relations on the Rise
Euro zone banks are currently facing challenges in how they manage risk due to various factors such as the end of ultra-low interest rates and the emergence of non-traditional competitors. According to the European Central Bank’s top supervisor, Claudia Buch, lenders must adjust their risk management practices to adapt to the new environment. The recent
The deputy governor of China’s central bank recently emphasized the ample monetary policy room available to deliver additional cuts to banks’ reserve requirement ratios (RRR). This signals market expectations for more easing measures to support and strengthen the country’s economy. With the world’s second-largest economy starting the year with relative stability, policymakers are keen on
China’s decision to maintain its benchmark lending rates unchanged at the monthly fixing comes at a crucial time when the country has set an economic growth target of “around 5%” for 2024. Economists view this target as ambitious and one that necessitates more stimulus, including monetary and fiscal easing. The need to revive the battered
The Bank of Japan recently made a historic shift away from its unorthodox policy of negative interest rates and massive monetary stimulus that it had held for the past eight years. This move marks a significant change in the central bank’s approach to reflating growth and stimulating the economy. Let’s take a closer look at
As the Federal Reserve gears up for its meeting this week, futures tracking the S&P 500 and the Nasdaq are on the rise. Investors are eagerly awaiting the outcome of the meeting, with the expectation that borrowing costs will remain steady. The recent stronger-than-expected inflation figures have caused a shift in investors’ views on potential