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Thai cabinet approves plans to borrow $12bn to ease Iran war fallout

Economy Climbing public debt puts sovereign credit rating at risk Thai Prime Minister Anutin Charnvirakul, center, has said the emergency borrowing is needed to stave off stagflation. (Photo by Ken Kobayashi) BANGKOK — The Thai government’s cabinet approved Tuesday an emergency decree to borrow up to 400 billion baht ($12.2 billion) to alleviate cost-of-living pressures stemming […]

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Japan denies plans for extra budget as yen, bond markets remain volatile

Politics Talks underway behind the doors to help households amid Hormuz energy crisis Prime Minister Sanae Takaichi’s government has so far publicly dismissed talk of a supplementary budget. © Kyodo TOKYO — The turmoil in the Middle East is complicating Prime Minister Sanae Takaichi’s plans to pursue “responsibly proactive” fiscal spending as higher oil prices […]

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People are a ‘bottleneck’ to AI-led efficiency gains: LY chair

Interview Kentaro Kawabe says AI automakers with just 1 human employee are even possible LY Corp. Chairman Kentaro Kawabe said being an AI solopreneur requires analytical skills about existing businesses and knowledge of AI. (Photo by Satoko Kawasaki) TOKYO — If humans get involved in artificial intelligence-driven businesses, efficiency will always go down because their presence is a […]

1 min read

People are a ‘bottleneck’ to AI-led efficiency gains: LY chair

Interview Kentaro Kawabe says AI automakers with just 1 human employee are even possible LY Corp. Chairman Kentaro Kawabe said being an AI solopreneur requires analytical skills about existing businesses and knowledge of AI. (Photo by Satoko Kawasaki) TOKYO — If humans get involved in artificial intelligence-driven businesses, efficiency will always go down because their presence is a […]