January 25, 2023
Japan’s inflation rate hit 4% last month. Sounds low, right? Compared to many Western countries, it is. But for Japanese consumers, it’s the highest spike in prices since 1981. As a result, the Bank of Japan is under increasing pressure to raise its key interest rate from -0.1%, where it’s been since 2016. Japan’s central bankers are far from alone. In fact, on Wednesday, the Bank of Canada again boosted its benchmark interest rate, this time to 4.5%, but also became the first major central bank to announce it plans to hold off on further rate hikes for now. Most wealthy countries have felt the price crunch due to high energy costs, COVID supply chain issues, and the war in Ukraine. We compare inflation numbers for the past year across all G-7 countries.
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South Korean President Lee Jae Myung leaves after giving a speech on the Government's first supplemetary budget bill of 2026 at the National Assembly in Seoul, South Korea, 02 April 2026.
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As America approaches its 250th anniversary, Bank of America is investing in the legacy of leadership — committing $5M to the Theodore Roosevelt Presidential Library and conserving 110 presidential portraits at the Smithsonian National Portrait Gallery, so the history of leaders who defined our nation is preserved for generations to come. Learn more here.
Chris, an Army veteran, started his Walmart journey over 25 years ago as an hourly associate. Today, he manages a Distribution Center and serves as a mentor, helping others navigate their own paths to success. At Walmart, associates have the opportunity to take advantage of the pathways, perks, and pay that come with the job — with or without a college degree. In fact, more than 75% of Walmart management started as hourly associates. Learn more about how over 130,000 associates were promoted into roles of greater responsibility and higher pay in FY25.
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