<story><title>Japan brings negative interest rates era to an end with first hike in 17 years</title><url>https://www.cnn.com/2024/03/18/business/japan-boj-negative-interest-rate-ended-intl-hnk/index.html</url></story><parent_chain><item><author>GrumpySloth</author><text>Why is this reported from “Hong Kong (CNN)” and not Tokyo? Does it mean CNN has a local branch in Hong Kong, but not in Tokyo?</text></item></parent_chain><comment><author>alephnerd</author><text>To add on to the commentators below, Foreign Bureaus are increasingly shutting down and being replaced with freelancers [0]&lt;p&gt;A lot of the degradation in &amp;quot;MSM&amp;quot; appears to be due to the severe cost cutting occurring within News Organizations, leading to more sensationalism, less hard reporting, and way less editing and fact checking.&lt;p&gt;And this is happening in the UK (BBC layoffs, Guardian almost exclusively using freelancers), Canada (CBC layoffs, BCE layoffs), and much of Western Europe as well.&lt;p&gt;The era of Amanpour reporting in the middle of a warzone are long gone, and non-Western alternatives are government owned and share similar biases (eg. Al Jazeera and anything remotely related to Qatar&amp;#x27;s mortal archrivals Saudi or UAE, CGTN and China&amp;#x27;s world view, WION and Indian media&amp;#x27;s tendency to overexaggerate, etc).&lt;p&gt;[0] - &lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;www.american.edu&amp;#x2F;soc&amp;#x2F;news&amp;#x2F;with-foreign-bureaus-slashed-freelancers-are-filling-the-void-at-their-own-risk.cfm&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;www.american.edu&amp;#x2F;soc&amp;#x2F;news&amp;#x2F;with-foreign-bureaus-slash...&lt;/a&gt;</text></comment>
<story><title>Japan brings negative interest rates era to an end with first hike in 17 years</title><url>https://www.cnn.com/2024/03/18/business/japan-boj-negative-interest-rate-ended-intl-hnk/index.html</url></story><parent_chain><item><author>GrumpySloth</author><text>Why is this reported from “Hong Kong (CNN)” and not Tokyo? Does it mean CNN has a local branch in Hong Kong, but not in Tokyo?</text></item></parent_chain><comment><author>detourdog</author><text>I&amp;#x27;m really interested to watch this play out. Since I was a teen Japan went from taking over the USA. The watermark might have been when Japanese banks bought Rockefeller Plaza. They just spent a whole generation at zero interest.&lt;p&gt;This is really exciting to see the effects of the cost of borrowing. I see this as very different than what the US just went through. I want to see what happens to growth.&lt;p&gt;I have been thinking that the US managed to turn the COVID disruption into a soft landing.</text></comment>