Bank of Japan Maintains Rates, Keeping them at Historical Lows

Bank of Japan Governor Kazuo Ueda arrives to conduct an interview with a small group of journalists in Tokyo on May 25, 2023. Richard A. Brooks | AFP | Getty Images Japan’s central bank maintained its ultra-loose monetary policy on Friday, choosing to support delicate economic growth amidst global uncertainty. The Bank of Japan kept …

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New Zealand Experiences Technical Recession as Economy Contracts by 0.1% in Q1

Buildings in Auckland, New Zealand, on Monday, May 22, 2023. Bloomberg | Bloomberg | Getty Images New Zealand experienced a 0.1% decline in gross domestic product (GDP) during the first quarter, as reported by government data on Thursday. This contraction occurred as the country’s central bank implemented one of the most aggressive rate hike cycles …

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