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Speaking ahead of Japanese Prime Minister Fumio Kishida’s visit to the US next week as a state guest, where a series of agreements are expected to showcase the robust ties of the close allies, the ambassador told reporters, “We are literally in the first chapter writing a new era.”
TOKYO -- Japan's Pan Pacific International Holdings, operator of discount retail chain Don Quijote, faces plunging profits per store in Asia as it toils to replicate its domestic success at rapidly growing operations abroad.
WASHINGTON -- If former U.S. President Donald Trump returns to the White House, he could call on Japan to increase defense spending beyond the 2% of GDP Tokyo has already promised, said former Defense Secretary Mark Esper, who served under Trump.
Goldman Sachs Chief Economist Jan Hatzius on Friday said that he still expects the Federal Reserve to implement three interest rate cuts this year, adding that he would be "very surprised" if the U.S. central bank ultimately decided no trims at all were necessary.
The U.S. Federal Reserve has become too data dependent and has lost sight of its overall strategy, Mohamed El-Erian, chief economic advisor at Allianz, said Friday.
Icelandic Prime Minister Katrin Jakobsdottir announced on Friday that she will resign from her post and run for president, public broadcaster RUV and daily Morgunbladid reported.
JAKARTA, Indonesia (AP) — Four Indonesian Cabinet members testified Friday that no rules were violated in the distribution of government aid during the recent election campaign, despite claims by the two losing presidential candidates that it was used for the benefit of the election winner.
