-
Salah criticises UEFA for 'Palestinian Pele' tribute: 'Tell us how he died'
-
Italian Brainrot: the AI memes only kids know
-
Son Heung-min makes instant impact in LAFC debut
-
Armenians caught between hope and distrust after accord with Azerbaijan
-
Dropped Australian Test star Labuschagne plots Ashes return
-
European leaders urge more 'pressure' on Russia ahead of Trump-Putin summit
-
Defending champs Sinner, Sabalenka make winning starts in Cincinnati
-
Teen darts sensation Littler wins first World Series crown of year
-
Fleetwood clings to one-stroke PGA St. Jude lead over Rose
-
Messi to miss Miami's MLS Orlando clash
-
Nunez leaves Liverpool to join Saudi's Al-Hilal
-
Sinner storms to quick-fire opening win in Cincinnati
-
Thousands protest in Tel Aviv against Israeli govt move to expand Gaza war
-
Colombian presidential hopeful in critical condition again: doctors
-
PSG complete signing of French goalkeeper Chevalier
-
Four astronauts home from space station after splashdown
-
US star Chen will not defend Olympic figure skating gold in Italy
-
Chad court jails ex-PM, opposition leader for 20 years
-
Momentum sagging at UN plastic pollution treaty talks
-
Designer says regrets Adidas 'appropriated' Mexican footwear
-
UK arrests 365 backing banned pro-Palestine group
-
Pawol becomes first woman to umpire in MLB
-
Norris 'all good' after NFL game-stopping pre-season injury
-
Russia cautious on Armenia-Azerbaijan deal, Iran reject border corridor
-
West Ham sign Leicester goalkeeper Hermansen
-
Overcrowded French prison swelters in 'unbearable' heat
-
UK arrests 200 backing banned pro-Palestine group
-
Four astronauts leave space station for trip back to Earth
-
UN plastic pollution treaty talks floundering
-
Death toll from northwest China floods rises to 13
-
Greeks count cost of wildfire 'tragedy' near Athens
-
Historic Spanish mosque-cathedral reopens after blaze
-
Massive French wildfire contained but 'not under control'
-
Sesko completes Manchester United's new-look forward line-up
-
Manchester United sign forward Benjamin Sesko: club
-
Kyiv won't give up land, says Zelensky as US-Russia summit confirmed
-
Kyiv won't give up land, says Zelensky as US-Russia confirm summit
-
North Korea removing border loudspeakers: Seoul military
-
Gunman kills police officer near Atlanta CDC headquarters
-
Mexico discounts risk of 'invasion' after Trump order to target cartels
-
Nawaz sparks Pakistan to five-wicket ODI win over West Indies
-
Lions' Norris hospitalized after scary injury, NFL pre-season game suspended
-
Restored Nagasaki bell rings in 80 years since A-bomb
-
Putin-Trump summit: what we know so far
-
Australia settle on Marsh and Head as T20 openers
-
New York declares total war on prolific rat population
-
Patriots unveil statue honoring iconic quarterback Tom Brady
-
Slot's new-look Liverpool under the spotlight in Community Shield
-
Five astronauts leave space station for trip back to Earth
-
Trump and Putin to meet in Alaska next Friday
RBGPF | 1.7% | 73.08 | $ | |
SCU | 0% | 12.72 | $ | |
CMSD | 0.25% | 23.58 | $ | |
SCS | -0.76% | 15.88 | $ | |
VOD | 0.88% | 11.36 | $ | |
RELX | -2.2% | 48 | $ | |
RIO | 1.76% | 61.86 | $ | |
RYCEF | -0.14% | 14.42 | $ | |
CMSC | 0.39% | 23.05 | $ | |
NGG | -1.51% | 71.01 | $ | |
GSK | 0.58% | 37.8 | $ | |
JRI | 0.19% | 13.435 | $ | |
BP | -0.15% | 34.14 | $ | |
BCC | -1.34% | 82.09 | $ | |
BCE | 2.34% | 24.35 | $ | |
AZN | -0.69% | 73.55 | $ | |
BTI | 0.96% | 57.24 | $ |
Japan's financial precipice
Japan is grappling with a dire financial crisis as interest rates have surged, doubling to a staggering 0.50%—the highest level since the 2008 global financial crisis. This dramatic shift, orchestrated by the Bank of Japan, marks the end of a prolonged era of ultra-low borrowing costs, leaving the nation teetering on the edge of economic ruin. The people, long accustomed to near-zero rates, now face unprecedented financial pressure as the cost of living soars and debt burdens mount.
For decades, Japan wrestled with stagnation and deflation, a period often dubbed the "Lost Decades." Ultra-low interest rates were a lifeline, keeping borrowing affordable and sustaining a fragile economy. But that lifeline has been severed. Inflation has climbed past the central bank's 2% target, fueled by a tight labor market and rising wages. Emboldened by these signs of economic vigor, the Bank of Japan has pushed forward with its rate hikes, aiming to normalize monetary policy after years of caution.
Yet, this bold move comes at a steep cost. Japan's public debt, one of the largest in the world, now looms larger as servicing costs rise with the higher rates. Households, once shielded by cheap loans, are buckling under increased mortgage and credit payments. Businesses, too, face a reckoning—many small firms, the backbone of the economy, fear they won't survive the tightened conditions. "The shift is too sudden," one economic observer noted, echoing widespread unease. "Families and companies need time to adjust, but time is a luxury we don’t have."
The timing couldn’t be worse. Global uncertainties, from trade disruptions to geopolitical tensions, cast a shadow over Japan’s recovery. Some experts caution that the rate hike could choke off growth just as the economy begins to stir, plunging the nation back into the stagnation it fought so hard to escape. "We’re walking a tightrope," another voice warned, highlighting the delicate balance between curbing inflation and preserving stability.
As Japan stands at this financial precipice, the Bank of Japan faces mounting pressure to monitor the fallout closely. The path ahead is fraught with risk—too aggressive, and the economy could collapse under the weight of debt; too lenient, and inflation could spiral out of control. For now, the people of Japan brace for hardship, their resilience tested once more as the nation navigates this perilous turning point.

Confetti and fried doughnuts: Beautiful carnival in Venice

Moldova: Russia and his anti-social hybrid war!

Russia with a big mouth but nothing behind it!

The EU, Russia and the energy crisis

Вы, русские ублюдки и убийцы детей

Russian scum beats own soldiers
Ukraine: Russians die like fucking flies!

Typical antisocial Russian propaganda

Brasilien: Jair Bolsonaro Wahlniederlage ein

US Federal Reserve raises interest rate to highest level

Ukraine War: 36 Billion Damage to Environment!
