4 • 4K Ratings
🗓️ 19 March 2024
⏱️ 14 minutes
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0:00.0 | Did you know you can listen to this show ad free on Amazon Music included with your Prime membership? |
0:06.0 | To start listening, download the Amazon Music App for free and catch up on the latest episodes without the ads. |
0:13.0 | It's the end of an era as Japan quit negative interest rates. |
0:20.0 | Plus, NVIDIA reveals new AI chips at its latest conference dubbed AI Woodstock. |
0:27.8 | And Israel sends officials to Washington amid Biden's growing concerns over a potential invasion of Rafa. |
0:34.4 | Our position is that Hamas should not be allowed a safe haven in Rafa or anywhere else. |
0:38.8 | But a major ground operation there would be a mistake. |
0:42.0 | It's Tuesday, March 19th. I'm Kate Bullevent |
0:45.2 | for the Wall Street Journal. And here is the AM edition of What's News, the top headlines and |
0:50.6 | business stories moving your world today. |
0:56.0 | We begin in Japan this morning where the country's Central Bank has ended a historic run of negative interest rates, raising rates for the first time in 17 years. |
1:06.8 | It marks a milestone for one of the world's biggest economies amid a strengthening job market |
1:12.1 | and a new era of stable inflation. |
1:15.0 | Joining me now is the Journal's Tokyo Bureau Chief Peter Landers. |
1:19.0 | Peter, a significant move from the BOJ today. |
1:22.0 | Tell us, what did they say? They say Japan is on the road |
1:25.4 | to stable inflation of about 2%. We've already been above that level for about two |
1:30.4 | years now and in light of that the Bank of Japan says it's time to end |
1:35.0 | these extraordinary monetary policy steps that has taken over the last 14 years |
1:39.8 | or so they've ended negative interest rates that was one of the most prominent |
1:43.8 | steps they've also ended an attempt to target the yield on 10-year Japanese |
1:49.2 | government bonds that's something that central banks don't normally do the bank |
... |
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