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Real-time News
February 26th - Hajime Takada, the most hawkish policymaker at the Bank of Japan, called for further interest rate hikes on Thursday, just a day after Prime Minister Sanae Takaichi hinted at her desire to continue the loose monetary policy. Speaking to local business leaders in Kyoto, Takada said, "I think the central bank should further adjust its policy and conduct relevant communications to make it clear that the price stability target has been largely achieved." This was Takadas first public statement since his proposal for consecutive interest rate hikes at a policy meeting last month, which surprised Bank of Japan observers. While his call for further rate hikes on Thursday was not unexpected, it highlights the growing division between the more radical faction within the central bank pushing for policy normalization and the government. This comes after Takaichi nominated two prominent proponents of loose monetary policy to new board members.On February 26, the Supreme Peoples Court held a press conference to report on its work in punishing property crimes, strengthening the crackdown on fraud, and precisely targeting crimes involving concealment and covering up of criminal proceeds. From 2021 to 2025, the peoples courts accepted 1.273 million new first-instance cases of property crimes and concluded 1.271 million cases, effectively combating and curbing the high incidence of property crimes and safeguarding the property security of the people.February 26th - According to data from the Haikou Municipal Bureau of Statistics, the citys total retail sales of consumer goods during the Spring Festival holiday are expected to reach 3.49 billion yuan, a year-on-year increase of 2.6%. Among them, the cumulative sales of duty-free shops on the island reached 1.206 billion yuan, a year-on-year increase of 12.7%.February 26 (KCNA) – The 9th Congress of the Workers Party of Korea concluded in Pyongyang on February 25. In his summary report, General Secretary Kim Jong Un stated regarding North Korea-US relations that the future of bilateral relations depends entirely on the US attitude. Kim Jong Un said that in the Asia-Pacific region, the expansion and transgressive military activities of the US-led aggressor bloc seriously threaten the security of the Korean Peninsula and the region. North Korea will, as always, be fully prepared for confrontation with the US and will maintain its hardline policy towards the US. Kim Jong Un said that if the US withdraws its hostile policy towards North Korea, North Korea has no reason not to maintain friendly relations with the US. If the US does not change its consistent approach towards North Korea and insists on confrontation to the end, North Korea will also resolutely respond. "The future of North Korea-US relations depends entirely on the US attitude."On February 26, US Vice President Vance stated that the White House is closely monitoring the incident on February 25 where a US-registered speedboat was "shot" near Cuba. He expressed hope that this was not a "serious" incident. Florida Attorney General James Uthmeyer posted on social media that he had instructed state prosecutors to cooperate with relevant parties to investigate the incident. Earlier that day, the Cuban Ministry of the Interior reported that border guards discovered a speedboat registered in Florida illegally entering Cuban territorial waters near Villa Clara province. The speedboat opened fire, and Cuban forces returned fire, resulting in four deaths and six injuries to the foreign attackers.
