Japanese banks are preparing with training for a move in policy rates.
Japan's central bank has kept interest rates zero for the past eight years to boost the country's stagnating economy. In other words, banks were incentivized to lend more by charging a fee to maintain surplus reserves. However, a policy change is coming because inflation has been above the Bank of Japan's 2% objective for more than a year. The Bank of Japan is anticipated to increase interest rates for the first time since 2007 as early as this week. Watch to find out more!
Putin of Russia celebrates an election victory that has been called illegal.
Vladimir Putin declared that the Russian presidential election was won. Now that polling places have closed, almost two-thirds of the votes have been tallied. According to preliminary returns, he has at least 87% of the vote in an election that was widely predicted to go one way. Russia has witnessed a silent protest on the third and final day of voting.
Please login to add comment.