Raising interest rates can curb economic activity, but the Bank of Japan’s deputy governor Ryozo Himino sees an even bigger danger from tightening too slowly.
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BOJ Deputy Governor Warns of Risk from Delaying Rate Hikes
China is increasingly dominating high-tech industries, while the low-value manufacturing sectors that powered the country’s rise are becoming less important economic drivers
The U.S. lost much of its furniture industry to China years ago. Now, American tariffs and overseas competition are punishing manufacturers. Source link
China Factory-Gate Prices Rise for Second Straight Month
China’s factory-gate inflation gathered momentum in April, fueled by geopolitical tensions in the Middle East that kept energy costs elevated and cemented the end of […]
Australia’s Central Bank Holds Interest Rates, Warns More Hikes May Come
The Reserve Bank of Australia held interest rates steady as it weighs the impact of its recent rate hikes on inflation. Source link