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Its current rate is 0.75%; estimates by central-bank researchers peg Japan’s neutral rate in the range of 1-2.5%, according to Goldman Sachs, another bank. That looks in line with what the bond market is betting on.
Japan has ramped up its security cooperation with the Philippines in other ways, too, steadily donating vessels and other equipment to the Philippine Coast Guard and Navy for years. There are now discussions that the navy could also acquire secondhand warships and air defense missiles from Japan.
A sightseeing helicopter carrying three people has gone missing near Mount Aso, one of Japan's most active volcanoes. The aircraft took off from a zoo in Aso City at 10:52 local time (01:52 GMT) on Tuesday for a 10-minute tour but never returned, local reports say, quoting police.
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The selloff left some hedge funds rushing to unwind losing trades, pushed life insurers to dump bonds, and caused at least one corporate bond investor to pull out of a multi-million dollar deal. The selling in Japan’s $7.6 trillion bond market began slowly, then seemed to hit all at once.
Japan and the Philippines have signed a defense pact that will allow the tax-free provision of ammunition, fuel, food and other necessities when their forces stage joint training to boost deterrence a
One of the many capabilities of the new SSM is the ability to spiral during its attack run to help evade close-in gun systems.