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...Tuesday, Deputy Prime Minister Naoto Kan, who is also the national strategy chief, and Finance Minister Hirohisa Fujii, stressed the importance of quantitative easing to the Bank of Japan. In turn, the Bank agreed to cooperate by lending 10 trillion yen, in the form of short-term loans, to commercial banks at the rate of 0.1%, and to accept government bonds and corporate debt as collateral...
...With demand so low, few firms will be willing to borrow which means the impact of another round of easing is likely to be limited. Masaaki Kanno, JPMorgan Securities chief economist in Tokyo, says, "The message from senior [Democratic Party of Japan] politicians is that they want the BOJ to implement quantitative easing. And this is the answer from the BOJ - reactive rather than proactive." Kanno says that the BOJ is making a kind of concession to the government and is probably reluctant to implement quantitative easing because it is not convinced that it will improve deflation, economic stagnation...
Having a specific career in mind during college is not necessarily the key to future professional success, Ellen Alemany, Citizens Financial Group’s chief executive told undergraduates last night at a talk hosted by the Harvard-Radcliffe Women’s Leadership Project...
...been nine months since Mugabe formed a coalition government with his chief rival Morgan Tsvangirai, but Harare is not yet able to provide adequate health facilities for its citizens. Most residents in the capital and its environs depend mainly on the U.N. and other international agencies. Tsitsi Singizi, a UNICEF official, says her organization is not anticipating huge deaths as was the case last year. "After it was realized that cholera was inevitable this year, there has been a lot of planning and preparing ahead of the rainy season. You cannot say with certainty but [cholera] is not likely...
...Knox's defenders, since the early days in the case, American lawyers and experts have criticized the evidence. New to that chorus is Greg Hampikian, chief of the Idaho branch of the Innocence Project, who released a report to TIME saying the knife and bra clasp evidence against Knox are meaningless under prevailing standards in U.S. courts. Kercher's bra clasp, discovered at the scene of the murder six weeks later and revealed to the press the morning after a defense expert demolished other material evidence on a national television show, "cannot reliably be interpreted to show that Sollecito...