Japan’s Economy Shrinks, Weighed Down by a Weak Yen and Rising Inflation The economy contracted 1.2 percent as consumers and businesses were hit with rising import prices.
Twitter Employees Fear Elon Musk Won’t Make Promised Payouts The social network’s new owner has just a few days to determine whether to pay millions to employees, or get rid of them.
A Rising Dollar Is Hurting Other Currencies. Central Banks are Stepping In. The Federal Reserve’s interest rate hikes are unsettling global markets and prompting other central banks to prop up their domestic currencies.
Why Japan Stands Virtually Alone in Keeping Interest Rates Ultralow The yen is plummeting and inflation is climbing, but Japan’s economic circumstances have led to a view that raising rates would do more harm than good.
Japan Intervenes to Prop Up the Sliding Yen The currency’s decline to a point not seen in 24 years prompted the rare action as officials keep interest rates low.