Nikkei 225 soars on interest rate comments
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 3 October 2024
⏱️ 8 minutes
🧾️ Download transcript
Summary
From the BBC World Service: The Japanese stock market gains followed Prime Minister Shigeru Ishiba saying the time wasn’t right for further increases in borrowing costs. Elsewhere, a court in Singapore has sentenced former transport minister S. Iswaran to 12 months in prison for corruption and obstruction of justice; he’s the first former or sitting cabinet minister in the city-state to be jailed. And in order to combat droughts which disrupt the workings of the Panama Canal, the Canal Authority is planning to build a new reservoir — but opponents say it’ll displace thousands of people.
Transcript
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| 0:00.0 | Hi I'm Kai Rizdahl the host of How We Survive |
| 0:03.4 | It's a podcast from Marketplace. In 1986, before I was a journalist, I was flying for the Navy. |
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| 0:56.0 | Japanese stocks drop after the Prime Minister had something to say about borrowing costs. |
| 1:02.0 | Hello, this is the Marketplace Morning Report and we're coming to you live from the BBC World Service. |
| 1:07.0 | I'm Leanna Byrne. Good morning. |
| 1:08.8 | So Japan's stock market shifted today after the new Prime it made some surprising comments about borrowing costs. |
| 1:15.2 | The Nikk 225 closed up 2%. And the BBC's Moriko I is looking at this one. |
| 1:20.5 | Hello. |
| 1:21.5 | Hello. So what exactly did the prime minister say and why have |
| 1:26.3 | stocks reacted to this well I don't know if you remember but when I was covering |
| 1:30.8 | the leadership election of the ruling party, |
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