Business and Technology
Bank of Japan Holds Rates at 0.5% amid Global Uncertainty
The Bank of Japan (BOJ) held its short-term interest rate at 0.5% in its March 19 meeting. The decision was widely expected, reflecting the central bank’s cautious approach as U.S. trade policies and a slowing Chinese economy weigh on Japan’s outlook.
As Global Luxury Sales Fall, the High-Fashion Industry Grapples
Post COVID-19, the luxury industry has taken hits after hits from multiple angles and aspects. The novelty is wearing off for entry-level consumers which discourages mass purchases, and the purchase power weakening amongst a massive revenue source - Chinese customers - waning economic prospects.