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BBCNEWS Asia July 6, 2024



to go above 30,000. japan has just released growth figures. asia s second biggest economy grew 1.6% on annualised rate, much better than what had been predicted. i spoke to neil newman from macquarie capital. we have been closely watching wage growth, the wage number, which hasn t really filtered through into anything visible as yet. the gdp number certainly does indicate there is a large amount of the domestic economy now contributing to this. as you mentioned cap ex, business spending was up 0.9 on the annual basis, way ahead of expectations. but even private consumption was also up, 0.6% against the market consensus of 0.4. even though it appears the wage number we have been looking at, the last numbers were in march, they were not that impressive, in fact they were quite depressing. the next key one will be injune, april s numbers, and that s when we will start to see the increase in overall wages. of course it s notjust the wage number that contributes to all of th ....

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BBCNEWS Asia Business Report June 4, 2024 01:34:00

. this was a really unusual congressional . this was a really unusual congressional hearing forl . this was a really unusual| congressional hearing for a number of reasons. the main one was that you had democrat and republican politicians and the chief executive of open ai all in agreement that this could be like the printing press, revolutionary, and it could have real dangers to use vanity, it could lead to mass job losses and fuelled this information. they all agreed there needs to be some kind of regulator. an agency that has specific laws that has real teeth to regulate the entire industry of artificial intelligence. it s pretty unusual to get someone like sam, a technology chief executive, saying, i want regulation. he even pointed out what kind of regulation he wanted. he wants an agency to be able to give licenses to ....

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