
BOJ Likely to Ease Tapering Pace of Bond Buys, Ex-Official Says
The central bank has reduced the monthly pace of bond buying by ¥400 billion ($2.8 billion) per quarter since last summer. Whether it'll maintain that tempo in fiscal 2026 is a key focus of the two-day gathering ending on June 17.
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Top German diplomat criticizes China ahead of Japan, Indonesia visit
German Foreign Minister Johann Wadephul, just ahead of a trip to Japan and Indonesia, criticized China on Sunday for its increasingly aggressive behaviour in the Taiwan Strait and the East and South China Seas. "Fundamental rules of our global coexistence are at stake here," he warned before his departure from the Hamburg Airport. This also has implications for Europe, he added. Germany is countering this by advocating for "an international order based on the strength of the rule of law and binding rules for all." Wadephul is scheduled to meet Japanese Prime Minister Shigeru Ishiba, Foreign Minister Takeshi Iwaya and several ministers responsible for economic affairs in Tokyo on Monday. A speech at a peace foundation is also planned. "Our freedom, our prosperity and our security—the goals that guide me as foreign minister—are not decided in Europe alone. They are decided especially in cooperation with strong partners worldwide," the minister said, explaining the purpose of his trip. Minister stresses importance of open sea routes "The Indo-Pacific is crucial in determining how secure the freedom of sea routes, global supply chains and, consequently, the economic development of the entire world remains," Wadephul said. This is of paramount importance for major exporting economies like Germany and Japan, as well as for emerging partners in the Association of Southeast Asian Nations (ASEAN), such as Indonesia, he said. Germany's foreign minister is set to visit Indonesia on Wednesday. He criticized China for challenging the economies of Germany and Japan with unfair and market-distorting trade practices. He also noted that US tariff policies are unsettling businesses in Europe and Asia. Germany, he said, is working with key partners like Japan and Indonesia to promote economic relations based on free trade, competition and fairness. Germany shares more with Japan than with almost any other country in the Indo-Pacific region, the minister added. "We are united by values and interests, and we face the same massive challenges that call our liberal way of life into question." Solve the daily Crossword