The 14-point memorandum of understanding has been made known in detail to the general public, and while any cessation of war is a good thing, this agreement of sorts seems fraught with possible trip-ups. It is described by Washington as "performance-based", with Iran benefitting only if it complies with its commitments.
Although the US administration will never admit it, there are no winners in the latest Persian Gulf hostilities. For there to be one, the other side would need to surrender unconditionally, and the Memorandum of Understanding agreed at the end of last week and due to be signed on Friday is anything but that.
Although there seemed a consensus on how the Bank of Japan would need react in this uncertain world, nonetheless, the raising of interest rates by 25-basis points to a full 1 percent, is the highest for 31 years. The move is to counter the current upcycle in inflation which had been dead and buried for over 2 decades, and oddly, its return has been something longed for by all manner of commentators and policy makers alike, because the economy was in dire need of an antidote to the haunting stagflation.
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