BOJ policymakers rule out countering weak yen with rate hike
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Published date: 2025/11/13
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SHANGHAI, Sept 8 (Reuters) - China on Wednesday banned private tutors from giving classes online or in unregistered venues such as residential buildings, hotels and coffee shops, ramping up its effort to stamp out all for-profit tutoring.
In a speech on Wednesday, BOJ board member Seiji Adachi said it was premature to shift away from the central bank's ultra-loose monetary policy with Japan's economy facing mounting risks from slowing global growth and volatile financial markets.
Media has reported this week on various ways parents and tutors have been trying to circumvent the rules, including how some agencies were advertising live-in tutors who could command salaries of up to 30,000 yuan ($4,650) a month.
The ministry said attempts to evade the regulations include hiring private tutors in the guise of "housekeeping services", "cultural communication" or "live-in tutors" as well as conducting classes in the name of summer camps or study tours.
In a speech on Wednesday, BOJ board member Seiji Adachi said it was premature to shift away from the central bank's ultra-loose monetary policy with Japan's economy facing mounting risks from slowing global growth and volatile financial markets.
Media has reported this week on various ways parents and tutors have been trying to circumvent the rules, including how some agencies were advertising live-in tutors who could command salaries of up to 30,000 yuan ($4,650) a month.
The ministry said attempts to evade the regulations include hiring private tutors in the guise of "housekeeping services", "cultural communication" or "live-in tutors" as well as conducting classes in the name of summer camps or study tours.
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