BUSINESS

Japan's Prime Minister Fumio Kishida speaks during a news conference at the prime minister's official residence on February 25, 2022, Tokyo, Japan.   Rodrigo Reyes Marin/Pool via

Japan's Cenbank Is Not Aiming To Manipulate Currency, PM Says

Japanese Prime Minister Fumio Kishida said the central bank's monetary policy is aimed at achieving its 2% inflation target, not at manipulating currency rates, brushing aside the view the country must end an ultra-low interest rate policy to stem sharp yen declines.
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BMW CEO Oliver Zipse speaks during a visit of the German Economic and Climate Protection Minister at the BMW plant in Munich, Germany, January 20, 2022.

BMW CEO Warns Against Electric-only Strategy

BMW Chief Executive Officer Oliver Zipse said companies must be careful not to become too dependent on a select few countries by focusing only on electric vehicles, adding that there was still a market for combustion engine cars.

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