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03.02.2025 11:00
03.02.2025 11:26
More rate hikes discussed at BOJ meeting after increase to 17-yr high The need for further interest rate hikes was discussed at the most recent Bank of Japan monetary policy meeting, with a board member pointing to the performance of the domestic economy and price rises as catalysts for higher borrowing costs, a summary of opinions showed Monday. The Japanese central bank decided to lift its key policy rate to 0.5 percent -- the highest level in about 17 years -- from 0.25 percent at the January 23-24 meeting. Read full story here

03.02.2025 11:50
SoftBank, OpenAI agree to set up joint venture for AI services SoftBank Group CEO Masayoshi Son said Monday that his tech investment company and artificial intelligence giant OpenAI have agreed to establish a joint venture to promote AI services for corporations. The new 50-50 venture, named SB OpenAI Japan, will utilize massive quantities of data stored in systems of client companies and offer optimal management solutions, Son said in a speech at an event in Tokyo. Read full story here

03.02.2025 12:35
Tokyo stocks tumble as U.S. tariffs bring fears over trade Japan's key stock indexes plunged over 2 percent Monday on selling fueled by fears over the adverse effect on companies after U.S. President Donald Trump ordered tariffs on China, Canada and Mexico. Automakers were especially hard hit as they have production bases in countries neighboring the United States, with concerns over the escalation of tariff measures also dampening market sentiment, brokers said. Read full story here