2018.10.13

News Headlines - 13 October 2018

BOJ Bond-Buying Set for Slowest Pace in Kuroda Era, Goldman Says - Bloomberg

If the Bank of Japan’s “stealth tapering” of its asset purchase program were to continue at the current pace, it would need to revise its monetary easing policy within the next two years, according to Goldman Sachs Group Inc.
By the end of 2019, the pace of growth of the central bank’s bond purchases is on track to fall to levels not seen since before the appointment of governor Haruhiko Kuroda in March 2013...

Japanese Firms to Change Their Long-held Recruitment System - NHK WORLD

The Chairman of the Japan Business Federation, or Keidanren, announced the organization will abolish its guidelines of how firms recruit new graduates.
The rules had created a traditional job-hunting schedule for students. But the system has become outdated as the country struggles with a labor shortage and global competition becomes increasingly fierce.

Uniqlo's Yanai promotes sons to board - Nikkei Asian Review

The founder of the casual clothing chain Uniqlo said Thursday that his two sons will be promoted to company directors, though he denied speculation that they will eventually take over at the top... The charismatic founder has single-handedly overseen company operations. But with Yanai soon turning 70, the age at which he has said he would hand over the reins, the move is seen as ensuring the founding family's control in the post-Yanai era.

High-speed German train bursts into flames between Cologne and Frankfurt - The Local

A fire in an ICE train on the Frankfurt-Cologne high-speed railway line has triggered a major rescue operation and led to the closure of one of the most important arteries in German rail traffic.
The fire broke out on the train, which was reportedly travelling from Cologne to Frankfurt, early on Friday morning, beside the town of Dierdorf near Montabauer in Rhineland-Palatinate. Police said the train was halted and emergency crews managed to evacuate all 510 people on board.

Huge reduction in meat-eating ‘essential’ to avoid climate breakdown | The Guardian

Huge reductions in meat-eating are essential to avoid dangerous climate change, according to the most comprehensive analysis yet of the food system’s impact on the environment. In western countries, beef consumption needs to fall by 90% and be replaced by five times more beans and pulses... The new research, published in the journal Nature, is the most thorough to date and combined data from every country to assess the impact of food production on the global environment. It then looked at what could be done to stop the looming food crisis.


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