LATEST UPDATES
Uncertainty surrounding Trump’ s tariffs leads to Japan keeping interest rate the same
The Bank of Japan has decided to keep Japan’ s interest rates at 0.5 %, in part due to the uncertainty surrounding President Trump’ s tariffs.
Speaking at a press conference after announcing it will hold the rate, Bank of Japan Governor, Kazuo Ueda, said:“ In the past month or so, there have been rapid changes in the scope and speed of US tariffs. However, there are aspects we may not know even beyond April, so uncertainty remains high.” economy and prices including the evolving situation regarding trade and other policies in each jurisdiction.”
Trump has already imposed US tariffs on steel and aluminium with a blanket duty of 25 %. He ended exemptions that the US had previously granted for shipments from some countries.
That followed an order earlier in March that raised levies on Chinese imports into the US to at least 20 %.
The monetary policy report also said:“ Concerning risks to the outlook, there remain high uncertainties surrounding Japan’ s
In response to the imposition of the new US tariffs on EU steel and aluminium imports, the European Commission launched swift countermeasures on US imports into the EU.
Trump’ s 25 % across-the-board tariffs on Canada and Mexico did come into effect for two days at the start of March but then Trump confirmed the US would pause tariffs on goods and services compliant with the United States-Mexico-Canada Agreement until April 2.
On April 2, The Trump administration will give countries a proposed tariff rate based on their own rates, non-tariff trade barriers and other factors.
Australia’ s largest start-up community announces a new leader
Fishburners, Australia’ s largest start-up community, has announced a key leadership transition, with the COO Majella Campbell stepping into the role of Chief Executive Officer, succeeding Martin Karafilis, who stepped down at the end of March.
As Fishburners’ Chief Operating Officer and central figure in its strategy, Campbell was instrumental in fostering innovation and scaling impact-driven programmes and is set to lead the organisation into its next phase of growth. Her leadership, experience and deep understanding of the start-up ecosystem position her well to take Fishburners forward. stage for the organisation’ s next phase. He remains a passionate advocate for the entrepreneurial community and continues to be involved in various initiatives across the ecosystem.
He said:“ Fishburners has always been about pushing boundaries and supporting founders to succeed. With the start-up ecosystem evolving rapidly, now is the right time for a leadership transition. Majella has been instrumental in shaping Fishburners’ future, and I have no doubt she will continue to drive our mission forward.”
Campbell said:“ Fishburners is entering an exciting new era. We’ ve laid the foundation for future growth, and I’ m excited to lead the organisation into its next chapter. Our mission remains steadfast – empowering founders with the resources, networks and support they need to build world-changing companies.”
Meanwhile, Karafilis is stepping down with strong confidence in the organisation’ s future and Campbell’ s ability to drive its mission forward. Under Karafilis’ leadership, Fishburners has navigated significant transformation, including stabilisation following the COVID-19 pandemic and launch of key initiatives that set the
www. intelligentcxo. com
9