Secured their biggest pay rise since 1991, giving the central bank the confidence to make its move. One that puts decades of deflation in the rear view mirror. Lets go live to shizuoka in japan and Seijiro Takeshita professor at the univesity of shizuoka. Good to have you on the programme. We knew this was coming, it has happened, give us your reaction. Us your reaction. Well, as you said, it us your reaction. Well, as you said. It was us your reaction. Well, as you said, it was expected us your reaction. Well, as you said, it was expected because of the Pre Requisites were set, basically, 5. 2 increase by Larger Companies, pay rise. We expected only form per sense of that history very well. We have the Inflation Target which is to present a morejust been fulfilled so basically, prerequisites for lifting off from this secure operation of negative Interest Rate is finally here. It negative Interest Rate is finally here. Finally here. It is finally here, finally here. It is finally here.
In tech are expected to use Blackwell Gpus and we expect to see the technology in action later this year. Bob odonnell from Technalysis Research was at the event in san jose, california. With all the anticipation built up for nvidias latest product, he says it wasnt your typical technology conference. The atmosphere was like a rock concert the atmosphere was like a rock concert i the atmosphere was like a rock concert. I havent seen Something Like this in the Tech Industry Something Like this in the Tech Industry in quite some time. Some industry in quite some time. Some people were Making Analogies to the early days of steve analogies to the early days of steve jobs types of presentations, but the buzz was in the presentations, but the buzz was in the air presentations, but the buzz was in the air and the whole feel of the in the air and the whole feel of the event was very much like a concert of the event was very much like a concert and jensen was a rock stat a concert and jensen wa
but no agreement was reached. here s what the leaders of both sides had to say following that high stakes meeting. we agreed to continue our discussions and we will meet again on friday. in the meantime, our staff will meet today and daily between now and then, and everyone in the meeting understood the risk of default. our economy would fall into a significant recession and it would devastate retirement accounts, increase borrowing costs, according to moody s nearly 8 million americans would lose theirjobs. everyone in this meeting reiterated the positions they were at. i did not see new movement. the president said staff would get back together, i was clear to the president. we have two weeks ago. president biden also said that it was possible he might call off his trip to asia if there is no breakthrough on the debt. ryan sweet is the chief us economist at oxford economics i spoke to him a little earlier and he says he s not surprised no deal was reached. this is going t