With Honda winning its first F1 title in 30 years, new light is shed on the Japanese corporate culture and mentality, quite different from those in the West.
On March 19, 2025, at its Monetary Policy Meeting, the Bank of Japan (BOJ) decided—just as markets had expected—to maintain its current policy stance. Specifically, the Policy Board unanimously approved keeping its money market operations framework aimed at guiding the uncollateralized overnight call rate to around 0.50%. Because this outcome had been widely priced in, there was little immediate volatility in equities or government bonds after the announcement.
Over the past few times, in my column, I have written from different angles about the economic, political, and social impacts of the COVID-19 pandemic in the United States.