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Japan
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A major search is underway to locate seven missing people in the Pacific Ocean after an apparent crash of two helicopters on Saturday night. At least one person was killed. Rescuers have so far recovered one body as well as two black boxes and debris but are yet to locate the others.
After two years of heated debate, the lower house of the Japanese parliament has passed…
Japan’s cabinet has given its nod for the export of newly developed fighter jets, a joint endeavour with the UK and Italy, signalling a departure from its longstanding pacifist stance.
A South Korean-flagged tanker, the Keoyoung Sun, has capsized off the west coast of Japan, leading to the rescue of at least eight sailors, while three remain missing.
Japan’s central bank has raised the cost of borrowing for the first time in 17 years. The Bank of Japan (BOJ) increased its key interest rate from -0.1% to a range of 0%-0.1%. It comes as wages have jumped after consumer prices rose.
Official revised growth figures show Japan has avoided falling into a technical recession. The new data shows GDP was 0.4% higher in the last three months of 2023 compared to a year earlier.
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