TOKYO -- The Bank of Japan (BOJ) said on Tuesday that it will reduce government bond purchases at a slower pace starting from April 2026 while leaving the short-term policy interest rate unchanged at 0.5 percent.
Since ending its decade-long monetary easing in March 2024, the BOJ has been tapering its monthly bond purchases by 400 billion yen (about 2.77 billion U.S. dollars) each quarter. (Japan-Bond-Purchase)
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SEOUL -- Kim Min-seok, the first South Korean prime minister nominee under the Lee Jae-myung government, vowed all-out efforts under the guidelines of the country's 21st president.
Kim told a press conference with foreign correspondents in Seoul on Tuesday that he will perform his duties as prime minister at a higher intensity for the time being, as President Lee Jae-myung will have to focus his power and energy on diplomacy and trade for a certain period of time. (South Korea-PM Nominee-Policy)
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TOKYO -- Japanese Prime Minister Shigeru Ishiba said Tuesday that no breakthrough has been made in his tariff talks with U.S. President Donald Trump as they met in Canada during the G7 meeting.
Following the meeting, Ishiba told reporters that differences in perceptions remain and that the two countries have not reached a comprehensive agreement, Nikkei reported. (Japan-U.S.-Tariff)
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PHNOM PENH -- Cambodia on Tuesday banned imports of vegetables and fruits from Thailand, the country's immigration chief said.
"We have prohibited the imports of vegetables and fruits from Thailand at all border crossings, starting from this morning," Police Lieutenant General Sok Veasna, director general of the General Department of Immigration, told Xinhua over the phone. (Cambodia-Thailand-Ban) Enditem
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