Tag: Asian economy

Bank of Japan Raises Interest Rates to Highest Level in 31 Years Amid Inflation Concerns

Bank of Japan Raises Interest Rates to Highest Level in 31 Years Amid Inflation Concerns

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The Bank of Japan (BoJ) has raised its benchmark interest rate to 1.0%, marking the highest level seen in more than three decades as policymakers work to contain growing inflationary pressures linked to the recent Middle East conflict. The 25-basis-point increase, announced on Tuesday, is the first rate hike since December and reflects the central […]

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West Asia tensions, Myanmar unrest and South China Sea disputes dominate Asean summit in the Philippines

West Asia tensions, Myanmar unrest and South China Sea disputes dominate Asean summit in the Philippines

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Leaders from Southeast Asia are gathering in the central Philippines this week for a crucial Asean summit as rising geopolitical tensions across West Asia, Myanmar and the South China Sea place enormous pressure on the region’s stability and economy. Philippine President Ferdinand Marcos Jr. has described the summit as a “bare bones” meeting focused mainly […]

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