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 aren t feeling confident in purchasing and buying things there. how do they balance this? they balance this? indeed, that s the they balance this? indeed, that s the million-dollar i that s the million dollar question right now. we ve 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 a
a further rise in business investment. private consumption fell on the quarter as consumers struggle with rising living costs and falling real wages. how do you think investors are going to respond to this news? the japanese economy is performing quite well. i don t think it will be a big market reaction. simply because the indications for monetary policy are not clear cut. the bank ofjapan is already quite optimistic about the gdp growth, and what really matters for monetary policy is how global inflation is. strong gdp growth, the margin, rising inflationary pressures. as we have seen in the past, it can turn around things injapan, so the wage growth really matters, how much it will ease household burden on the cost of living. in terms of the bank ofjapan, looking at whether they are actually going to raise interest rates after quite some time, what do you project? we time, what do you pro ect? we don t time, what do you pro ect? we don-t thinkļ¬ time, what do you project?
i m here on the road to lahaina. this is as close as we can get to the community. and what i want to show you right now is the scene here. if we just move over here i want to give you a picture of these dry conditions here on the island of maui. you can see there the dry grass, the drought here, which has been a persistent problem for many months. you can also see the high winds. and these high winds really have been an issue in fanning those flames and they are leading to more concerns, ever present concerns from authorities about the prospect for flare ups in these places. i m going to move out of the way so you can look over my shoulder here. what you can see is this is the last police check point here on the road to lahaina here, everyone on the road here is stopped and asked questions about why they are going on. and many people are then forced to turn around in this lane here and essentially turned back, because right now they are only allowing emergency workers in. it
celebrating black history month in the us. every february the united states pays tribute to the legacy and contributions of black americans. from the fight for voting rights to the civil rights movement, which pushed for an end to discrimination on the basis of race, religion, sex or national origin. black history month in the us is a tradition that began in 1926 as a week long celebration of black history and culture started by author and civil rights activist dr carter g woodson. 50 years later in 1976, gerald ford would become the first us president to formally recognize it as a month long celebration. calling on americans to seize the opportunity to honour the too often neglected accomplishments of black americans in every area of endeavour throughout our history. it wouldn t be until 90 years after the first black history week that the nation s first black president, barack obama, would commemorate black history month at the white house. from our earliest days, blac
in particular, the us sanctioned three government officials involved in navalny s imprisonment. nearly 100 firms and individuals will face restrictions on exports. russia s main payment system, mir, is targeted in the fresh measures. additionally, companies involved in powering russia s war effort, its energy production, and its cooperation with iran on drone technology will also be hit. the penalties go beyond russia s borders, as people in china, the united arab emirates, vietnam and liechtenstein have also been sanctioned. they re accused of being connected to businesses that send materials to russia s military. against the backdrop of those sanctions, a spokeswoman for the late russian opposition leader says officials are threatening to bury mr navalny at the arctic prison where he died last week. his mother, lyudmila navalnaya, has reportedly been given the choice between accepting thatarrangement, oragreeing to a secret burial without mourners. the kremlin denies allega