Latest news with #ResearchInstitute
Japan Times
2 days ago
- Business
- Japan Times
U.S. tariff uncertainty very high, sentiment 'deteriorated,' says BOJ's Ueda
Bank of Japan Gov. Kazuo Ueda said Tuesday that uncertainties over high tariffs imposed by the administration of U.S. President Donald Trump remain extremely high. Business and household sentiments "have deteriorated recently," Ueda said at an event hosted by the Research Institute of Japan, a Jiji Press affiliate, in Tokyo. On the central bank's monetary policy moves going forward, he said that "nascent developments" toward achieving the BOJ's 2% price target "have steadily gained momentum." Ueda also said that the BOJ will continue to raise interest rates if the Japanese economy and prices move in line with the central bank's outlook.
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Business Standard
25-04-2025
- Science
- Business Standard
Former Isro Chairman K Kasturirangan passes away at 84 in Bengaluru
Kasturirangan, who was chairman of the drafting committee of the new National Education Policy (NEP), had also served as chancellor of the Jawaharlal Nehru University Press Trust of India New Delhi Former Isro chief K Kasturirangan passed away in Bengaluru on Friday, officials said. The 84-year-old had been unwell for quite sometime. "He left for heavenly abode this morning at his residence in Bengaluru. His body will be kept at Raman Research Institute (RRI) for paying last respects on April 27," the officials said. Kasturirangan, who was chairman of the drafting committee of the new National Education Policy (NEP), had also served as chancellor of the Jawaharlal Nehru University and as chairman of the Karnataka Knowledge Commission. He had also served as a member of the Rajya Sabha (200309) and as member of then Planning Commission of India. Kasturirangan was also the Director of the National Institute of Advanced Studies, Bangalore from April 2004 to 2009. He had steered the Indian Space programme gloriously for over nine years as chairman of the Indian Space Research Organisation (ISRO), of Space Commission and Secretary to the Government of India. As an astrophysicist, Kasturirangan focused on research in high energy X-ray and gamma ray astronomy as well as optical astronomy. He had made extensive and significant contributions to studies of cosmic X-ray sources, celestial gamma-ray and effect of cosmic X-rays in the lower atmosphere. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Yahoo
27-02-2025
- Business
- Yahoo
As trade war escalates, economists bet on China resilience
By Ankika Biswas and Bansari Mayur Kamdar (Reuters) - With China at the forefront of U.S. President Donald Trump's tariff agenda, domestic economists expect a combination of policy measures, supply chain adjustments and strengthened global partnerships to cushion the world's second-largest economy as the trade war intensifies. "We (China) have taken proactive steps to mitigate the impact of the trade war," Zong Liang, chief economist, Research Institute at state-owned Bank of China, told the Reuters Global Markets Forum. "We've made it easier for other countries to do business with us, strengthening trade relationships beyond the U.S.," Zong said. Minutes after Trump's 10% tariff on Chinese imports took effect on Feb. 4, Beijing announced retaliatory tariffs on some U.S. energy products and autos along with a range of measures against Google and other U.S. firms. Trump has also announced a 25% tariff on all steel and aluminum imports into the U.S., which was eventually followed by multiple countries including Vietnam, South Korea and India unveiling their own measures on Chinese steel and steel-related imports. "Despite this, (China's) share of global exports has remained strong," Zong said, adding that he expected China to adopt a more aggressive fiscal policy this year along with additional measures to stabilise domestic demand. Alex Hongcai Xu, deputy director of the Economic Policy Committee at the China Association for Policy Sciences, said Chinese companies are diversifying their export markets and broadening overseas investment cooperation, which will help mitigate trade war costs and risks. In order to further safeguard itself, Xu expects China to provide financial subsidies and tax breaks to the tariff-hit agriculture and manufacturing sectors. Both economists also noted that the U.S.-Sino trade war opens up opportunities for China to deepen relationships with Southeast Asian nations, the European Union and other tariff-hit countries, strengthening partnerships such as the Belt and Road Initiative (BRI). Kishore Mahbubani, veteran Singaporean diplomat and distinguished fellow at the National University of Singapore, said BRI will gain momentum as countries look outside for help after the U.S. has shut down aid. Trump has halted most U.S. government-funded aid globally for 90 days, while moving to dismantle the United States Agency for International Development (USAID), as part of his effort to cut the federal government workforce and curb spending it considers wasteful. "There are very few countries that can be as generous as the U.S. at that scale ... and, that is China," said Mahbubani, who was also the president of the UN Security Council in 2001 and 2002. (Join GMF, a chat room hosted on LSEG Messenger: ) Sign in to access your portfolio
Zawya
27-02-2025
- Business
- Zawya
As trade war escalates, economists bet on China resilience
With China at the forefront of U.S. President Donald Trump's tariff agenda, domestic economists expect a combination of policy measures, supply chain adjustments and strengthened global partnerships to cushion the world's second-largest economy as the trade war intensifies. "We (China) have taken proactive steps to mitigate the impact of the trade war," Zong Liang, chief economist, Research Institute at state-owned Bank of China, told the Reuters Global Markets Forum. "We've made it easier for other countries to do business with us, strengthening trade relationships beyond the U.S.," Zong said. Minutes after Trump's 10% tariff on Chinese imports took effect on Feb. 4, Beijing announced retaliatory tariffs on some U.S. energy products and autos along with a range of measures against Google and other U.S. firms. Trump has also announced a 25% tariff on all steel and aluminum imports into the U.S., which was eventually followed by multiple countries including Vietnam, South Korea and India unveiling their own measures on Chinese steel and steel-related imports. "Despite this, (China's) share of global exports has remained strong," Zong said, adding that he expected China to adopt a more aggressive fiscal policy this year along with additional measures to stabilise domestic demand. Alex Hongcai Xu, deputy director of the Economic Policy Committee at the China Association for Policy Sciences, said Chinese companies are diversifying their export markets and broadening overseas investment cooperation, which will help mitigate trade war costs and risks. In order to further safeguard itself, Xu expects China to provide financial subsidies and tax breaks to the tariff-hit agriculture and manufacturing sectors. Both economists also noted that the U.S.-Sino trade war opens up opportunities for China to deepen relationships with Southeast Asian nations, the European Union and other tariff-hit countries, strengthening partnerships such as the Belt and Road Initiative (BRI). Kishore Mahbubani, veteran Singaporean diplomat and distinguished fellow at the National University of Singapore, said BRI will gain momentum as countries look outside for help after the U.S. has shut down aid. Trump has halted most U.S. government-funded aid globally for 90 days, while moving to dismantle the United States Agency for International Development (USAID), as part of his effort to cut the federal government workforce and curb spending it considers wasteful. "There are very few countries that can be as generous as the U.S. at that scale ... and, that is China," said Mahbubani, who was also the president of the UN Security Council in 2001 and 2002. (Join GMF, a chat room hosted on LSEG Messenger: (Reporting by Ankika Biswas and Bansari Mayur Kamdar in Bengaluru; Editing by Divya Chowdhury and)
Reuters
27-02-2025
- Business
- Reuters
As trade war escalates, economists bet on China resilience
Feb 27 (Reuters) - With China at the forefront of U.S. President Donald Trump's tariff agenda, domestic economists expect a combination of policy measures, supply chain adjustments and strengthened global partnerships to cushion the world's second-largest economy as the trade war intensifies. "We (China) have taken proactive steps to mitigate the impact of the trade war," Zong Liang, chief economist, Research Institute at state-owned Bank of China, told the Reuters Global Markets Forum, opens new tab. "We've made it easier for other countries to do business with us, strengthening trade relationships beyond the U.S.," Zong said. Minutes after Trump's 10% tariff on Chinese imports took effect on Feb. 4, Beijing announced retaliatory tariffs on some U.S. energy products and autos along with a range of measures against Google (GOOGL.O), opens new tab and other U.S. firms. Trump has also announced a 25% tariff on all steel and aluminum imports into the U.S., which was eventually followed by multiple countries including Vietnam, South Korea and India unveiling their own measures on Chinese steel and steel-related imports. "Despite this, (China's) share of global exports has remained strong," Zong said, adding that he expected China to adopt a more aggressive fiscal policy this year along with additional measures to stabilise domestic demand. Alex Hongcai Xu, deputy director of the Economic Policy Committee at the China Association for Policy Sciences, said Chinese companies are diversifying their export markets and broadening overseas investment cooperation, which will help mitigate trade war costs and risks. In order to further safeguard itself, Xu expects China to provide financial subsidies and tax breaks to the tariff-hit agriculture and manufacturing sectors. Both economists also noted that the U.S.-Sino trade war opens up opportunities for China to deepen relationships with Southeast Asian nations, the European Union and other tariff-hit countries, strengthening partnerships such as the Belt and Road Initiative (BRI). Kishore Mahbubani, veteran Singaporean diplomat and distinguished fellow at the National University of Singapore, said BRI will gain momentum as countries look outside for help after the U.S. has shut down aid. Trump has halted most U.S. government-funded aid globally for 90 days, while moving to dismantle the United States Agency for International Development (USAID), as part of his effort to cut the federal government workforce and curb spending it considers wasteful. "There are very few countries that can be as generous as the U.S. at that scale ... and, that is China," said Mahbubani, who was also the president of the UN Security Council in 2001 and 2002.
