To the deflationary spiral however now because theres a strong trend of Wage Increases, Finance Minister Shunichi Suzuki says its over. Joining me now is seijiro takeshita, whos a professor at the university of shizuoka. Thank you for being with us today. Talk to us first of all, this is a pretty unique set of circumstances that japan has pretty unique set of circumstances thatjapan has been pretty unique set of circumstances that japan has been through for the past generation. It is todays Declaration Calls for celebration . Yes, i would think so. Concerning the fact that for two decades, we havent seen any wage rise. Where the only country to do that. There are a lot of recurring profits, bits nine redeeming to their employees. This is, in that sense, a remarkable change. In most of the estimates, there were around 4 , but now its been reported to be around 5. 2, exceeding expectations. fist been reported to be around 5. 2, exceeding expectations. Been reported to be around 5. 2, ex
Giant us steel have fallen sharply, after President Biden weighed in to oppose a near 15 billion takeover of the firm by a japanese company. Us steel is based in pittsburgh, pennsylvania a key battleground in this years election. The takeover deal, agreed in december, has caused major controversy there. But any move to block it could raise tensions with japan a vital ally for the us as it tries to counter the growing power of china. From new york, erin delmore reports. President biden is taking a stand against a deal in the making. Us steel, an american company, is set to be bought by nippon steel, a japanese company. But President Biden says that us steel should stay in the us. L115 says that us steel should stay in the us in the us. Us steel the stronger in the us. Us steel the stronger america in the us. Us steel the stronger america is in the us. Us steel the| stronger america is made in the us. Us steel the stronger america is made here. The president praised the iconic 123 year o
Said hed be back to work soon. Joe floater is a middle east bureau chief. He has this analysis on what Benjamin Netanyahu hoped to achieve. I think you are appearing as reassurance to his friends and critics that he was still in charge of government as he prepared to hand over the reins of power to his deputy and a warning to those converging on towns around israel particularly a few kilometres away outside the Israeli Parliament calling for new elections him to step down. Lets break out really are. Some groups of hostages with families and their supporters who believe he does not have the commitment to secure a Ceasefire Deal that would release their loved ones from gaza. Their Point Of View is that it has been four months since the last deal thats saw significant release of hostages and since then very little has happened in that regard. They have been joined happened in that regard. They have beenjoined by others happened in that regard. They have been joined by others who object to
Make a blacklist of tax havens among the millions of documents evidence that some of the worlds richest individuals and businesses are doing whatever they can to hide their cash from the tax man the queen of england is there the Rock Star Bono Two American Firms Apple facebook and nike are also part of it. The massive Paradise Papers leak is a snapshot of global tax dodging in Sixteen Million documents most of them out of bermuda big names and Big Companies are caught once more in a controversy over their finances thats boosting those who want to end tax dodging in the u. K. Opposition leader Jeremy Corbyn suggested the queen should apologize after the leaks showed her state made offshore investments we simply have to challenge the culture that the something clever about avoiding taxation taxation is what gives us ambulances gives us far attenders gives us safety in our lives and we all have
a responsibility to pay for it others have greeted the revelations with a shrug russian officia