And is now the worlds fourth largest economy. It had been the second largest until china overtook it in 2010. Japan has also been battling a deflationary spiral for a generation, but that ended late last year. Mariko oi has been following the story for us from our asia business hub. What more can you tell us about ishibas economic manifesto . Well, his economic policies are still rather unclear. He has been criticised during the Election Campaign for lacking a clear economic vision. One thing we do know is that he was quite critical of the shinzo abe, who implemented investor friendly policies. During the Press Conference he held this evening he talked about how investors may have benefited, but not ordinary consumers, so we may see some changes there. The value of the japanese yen, it jumped the value of the japanese yen, itjumped because shigeru it jumped because Shigeru Ishiba itjumped because Shigeru Ishiba supported the independence of the central bank, as opposed to his oppositio
As well as driverless systems. There is currently minimal use of chinese or russian made software in american cars, but commerce secretary gina raimondo said the plans would reduce the chances of us drivers having their personal data stolen. Chinese officials said the concept of national security was being broadened to unfairly target chinese firms. The proposed ban is part of a much broader struggle between the us and china, the world s two biggest economies, overthe technologies of the future. Boeing has offered factory workers a 30% pay rise over four years, as it tries to end a strike which has shut down its manufacturing facilities in the us pacific northwest. The plane maker also offered to reinstate a performance bonus and improve retirement benefits if workers accept the offer by friday. The strike, which began earlier this month, involves over 30,000 workers in portland and seattle. India s prime minister narendra modi has wrapped up a three day trip to the united states. The
Such as bluetooth, as well as driverless systems. There is currently minimal use of chinese or russian made software in american cars, but commerce secretary gina raimondo said the plans would reduce the chances of us drivers having their personal data stolen. Chinese officials said the concept of national security was being broadened to unfairly target chinese firms. The proposed ban is part of a much broader struggle between the us and china, the world s two biggest economies, overthe technologies of the future. Boeing has offered factory workers a 30 percent pay rise over four years, as it tries to end a strike which has shut down its manufacturing facilities in the us pacific northwest. The planemaker also offered to reinstate a performance bonus and improve retirement benefits if workers accept the offer by friday. The strike, which began earlier this month, involves over 30,000 workers in portland and seattle. Indian prime minister narendra modi has wrapped up a three day trip to
Cut of half a Percentage Point on wednesday has spurred investors sending us markets into record highs. Traders cheered the Central Banks big call cutting the main Interest Rate to between 4. 75 and 5 . Opening the door with a bang on the first rates Easing Cycle in more than four years. President biden hailed the move as good news for consumers but said there was more work to be done in taming inflation. Lets be clear. The fed lowering Interest Rate is not a declaration of victory, its a declaration of victory, its a declaration of victory, its a declaration of progress. Its a Signal Weve entered a new phase for a colony and are recovery. I believe its important for the country to recognise this process because we dont, the progress we made will remain locked in the fear of negative mindset dominating our economic outlook since the pandemic began. Fed officials have made it clear that this cut was only the beginning and investors seem to have liked what they heard. For more, lets get
Progress. A signal we are entering a new phase of our economy and our recovery. I believe it is important for the country to recognise this progress because if we do not, progress made will remain locked in the fear of negative mindsets that dominate our economic outlook since the pandemic began. Investors have cheered the cut, the dowjones industrial the neck i added 1. 5% in us dot markets. And the s&p 500 rose to all high times. Bbc s samira hussain has more from new york. 0ur the s&p 500 road i. 7%, the s&p 500 road i. 7%, extending this years gains to 20% and meanwhile the dowjones surged over 500 points to topping 32,000 for the first time in the majority of industry groups closed out the interest is higher and big tech outperformed as it was spurred to investors return to risk on mood and tesla gained 4% and more than 7% respectively. Stocks traditionally tied to economic growth jumped withjp economic growth jumped with jp morgan economic growth jumped withjp morgan chase and ca