Asia e Pacifico | Cina: (Reuters) Hong Kong legislature unanimously passes new national security law - Hong Kong's Legislative Council on Tuesday unanimously passed a new national security bill within a fortnight of it first being tabled, fast-tracking a major piece of legislation that critics say further threatens the China-ruled city's freedoms.
- The package, known as Article 23, updates or creates new laws and penalties to prohibit treason, sabotage, sedition, the theft of state secrets and espionage, with up to life imprisonment.
- All 88 lawmakers and the legislative council president voted unanimously to enact the legislation, which will come into effect on March 23
Giappone: (New York Times) Japan Raises Interest Rates for First Time in 17 Years + (Reuters) Japanese business groups welcome BOJ's first rate hike in 17 years - Japan’s central bank raised interest rates for the first time since 2007 on Tuesday, pushing them above zero to close a chapter in its aggressive effort to stimulate an economy that has long struggled to grow.
- The bank, in a statement Tuesday, said it had concluded that the economy was in a “virtuous cycle” between wages and prices, meaning that wages were rising enough to cover increasing prices but not so much as to cut into business profits. The main inflation reading in Japan was 2.2 percent in January, the most recent data available.
- The Bank of Japan has made "the appropriate policy decision at the appropriate time", the head of Japan's biggest business lobby said, welcoming Governor Kazuo Ueda's move to hike interest rates for the first time in 17 years.
- "I think the BOJ has caught the indications that a virtuous cycle between wages and prices has started," Keidanren Chairman Masakazu Tokura told reporters
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