The Bank of Japan kept its benchmark interest rate steady at 0.25%, citing the need to evaluate the impact of financial and foreign exchange markets on the country’s economic activity and prices. The decision surprised economists who had anticipated a 25 basis point hike, leading to a 0.3% weakening of the yen against the dollar and a 0.74% decline in the Nikkei 225 stock index. The central bank noted a split 8-1 decision, with board member Naoki Tamura advocating for a rate increase, while emphasizing the high uncertainties surrounding Japan’s economic conditions and prices.
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Footage shows torrents of water surging through Lanzarote as island hit by floods
A severe two-hour rainstorm in Lanzarote, Canary Islands, has led to significant flooding, prompting officials to declare a state of emergency. The city of Arrecife experienced the worst of the flooding, with reports of sewage odors due to overwhelmed drainage systems, while towns like Tahiche and Costa Teguise were also affected. Residents are advised to avoid unnecessary travel, and holidaymakers are encouraged to check their travel plans, as the flooding has caused substantial damage, including...
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