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Transcripts For BBCNEWS Asia 20240706

shares ended up more than 50% after it confirmed it was exploring strategic options including a possible sale. but pac west isn t alone, and shares of other mid size and small banks are also taking hit. our north america business correspondent has more on what is driving this. us regional bank stocks suffered more sizeable losses on thursday despite assurances from the head of america s central bank, saying that the us financial system remains sound. leading the way was pac west, which saw its share price halved yet again, which means since the start of the week, its stock is now worth about a quarter of its value. also trailing we saw first horizon and the western alliance. those stocks under pressure, and the value of those shares falling more than 30%. what is driving some of this is higher interest rates. that has meant that they have had to write down the value of some of their assets that are sensitive to rising interest rates, then you have the fact that there are slig

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Transcripts for BBCNEWS Asia Business Report 20240604 22:37:00

spiering on the economy ofjapan? we can speak now to our guest. lovely to have you on the programme, nabuko. what is your sense of how the tourism programme is boosting the tourism programme is boosting the japanese economy? yes, the season is in full swing, and we have seen a big increase. fine and we have seen a big increase. one auen and we have seen a big increase. ole: agency estimates and we have seen a big increase. (me: agency estimates japanese and we have seen a big increase. iez agency estimates japanese travellers are up from 53% last year to 25 million, and inbound travellers, foreigners coming into japan, are four times compared to last year. when you look at the overall growth outlook for the japanese economy, given what has been happening in the world right now, fears of inflation and rising interest rates, of course. i knowjapan is a different situation. what is your outlook for japan? well, the outlook is moderate growth forjapan, and any inflation is hitting japan,

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