That’s what the world is, after all: an endless battle of contrasting memories.
— Haruki Murakami
  • When interest rates turn negative

    BANKING COULD be called the business of time travel. When savers deposit money in a bank, they postpone consumption. When borrowers take out loans they pull future consumption forward. Banks facilitate this by the magic of interest. When they make loans and charge interest, or pay interest on deposits, they ...

  • Japan parliament approves RCEP trade deal

    TOKYO: Japan's parliament approved on Wednesday the world's largest free trade deal, signed by 15 Asia-Pacific countries including China and the 10-member Association of Southeast Asian Nations, raising the possibility for the pact to enter into force later this year.