Japan’s headline inflation rate dropped to 2.3% in October, the lowest level since January, while the core inflation rate, excluding fresh food prices, also fell to 2.3% from September’s 2.4%. Despite being slightly higher than expected, the weak inflation figures suggest that the Bank of Japan may need to maintain an easy monetary policy stance. Economists predict a potential 25 basis point rate hike at the December meeting, with Governor Kazuo Ueda stating that sustained wage-driven inflation is on the horizon and cautioning against keeping borrowing costs too low.
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‘Not Looking to Hurt Russia But’ Trump Threatens Sanctions, Zelensky Reveals Putin’s ‘Ultimatum’
US President Donald Trump warned Russian President Vladimir Putin of sanctions and tariffs unless a deal to end the Ukraine war is made immediately, praising Russia’s WWII contributions but emphasizing the need for peace. Ukrainian President Zelensky revealed Russia demanded his resignation, offering pro-Russian Viktor Medvedchuk as his replacement, with demands including recognizing Russian authorities in Donbas, limiting Ukraine’s army, and adopting Russian as an official language. Zelensky described this as an ultimatum, not negotiation,...
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