Domestic economy has not done so well and consumption is down on the quarter and investment spending is treading water. In that respect it would be premature to say the japanese economy is Out Of The Woods but it is a positive surprise. This is a tricky it is a positive surprise. This is a tricky balance it is a positive surprise. This is a tricky balance for it is a positive surprise. This is a tricky balance forjapan because they have been trying to boost inflation unlike some other g7 economies yet they are having a problem, people arent feeling confident in purchasing and buying things there. How do they balance this . They balance this . Indeed, thats the they balance this . Indeed, thats the milliondollar i thats the Million Dollar question right now. Weve had a pretty good result for these spring Wage Negotiations this year and wage growth is picking up year and wage growth is picking up injapan so in that respect things are changing. But the wage gains we are seeing now are not
And events costs are set to climb higher through the remainder of 2023 and into 2024, due to inflationary pressures. Joining me now is suzanne neufang, whos the ceo of the Global Business travel association. Welcome, good morning. Is this a surprise . Its been awhile since pandemic now. I a surprise . Its been awhile since pandemic now. A surprise . Its been awhile since pandemic now. I wish it were. Since pandemic now. I wish it were but since pandemic now. I wish it were. But in since pandemic now. I wish it were. But in shortterm since pandemic now. I wish it were. But in shortterm memory, were. But in short term memory, just a year ago we were still really from omicron variant s. So we did expect last year that it would be a slower recovery so we were delighted at this time time last a great deal of this you will show another 32 . We added last year at about a trillion us dollars and we should get about 1. 4 trillion as you say by the end of 2024. Are there any areas in particular
against the dollar in early trading. it s recovered most of those losses during today s trading session but investors remain nervous. safe haven assests like the gold have risen. gold was up around 0.6% a short while ago with brent crude also rising throughout the day. let s speak now to sergey vakulenko, nonresident scholar at the carnegie russia eurasia center. welcome, great to have you on the programme. what has been the noticeable impact so far on the russian economy since the events of saturday? there were none. indeed, it was mutiny, ora there were none. indeed, it was mutiny, or a weekend, there were none. indeed, it was mutiny, ora weekend, it there were none. indeed, it was mutiny, or a weekend, it mutiny that was over in about 2k hours. even through the regions, yes, there was a disturbance on the road, yes, a stray missile hit a fuel depot, but other than that there was very little disturbance to civilian life and all that is over and mutinous troops are supposedl
jonathan charles is back with us geopolitical insight advisor, specialising in russia and the countries around it and a former bbc correspondent in moscow and ukraine markets in moscow and ukraine quick to react and no surprise markets quick to react and no surprise that the rouble has sunk. it surprise that the rouble has sunk. . , , ., ., sunk. it hasn t been doing that well for several sunk. it hasn t been doing that well for several weeks - sunk. it hasn t been doing that well for several weeks and - well for several weeks and months and it was inevitable with uncertainty and that is what we have with russia now, it has exacerbated a trend and we have seen that fall in the rouble. untilwe we have seen that fall in the rouble. until we know what is going to happen, can vladimir putin reassert that sense of strongman rule which at least is certainty, it may not be very nice, but at least it is certainty, then there will be questions about the economy, about the roub
wise ministers. this is probably the biggest delegation saudi arabia has a centre for the summit in the last so many years. this comes just two weeks after the chinese arab business, the 10th ofjune, in which we saw a huge chinese delegation coming in. both countries are looking at this as an opportunity to really deepen their economic push, which we have seen really flourishing, at least on the surface of the last few months. it president started with a presence she champagne s visit, last year, and we have seen chinese companies in western saudi arabia, and if you look on paper, saudi arabia is china s large supply of oil, and also its largest trading partner. but the companies are now looking past other sections of the economy and business where they can both come together. tell and business where they can both come together. come together. tell us a bit more about that, come together. tell us a bit more about that, especially come together. tell us a bit more abou