Morning Digest: Japan PM Takaichi calls PM Modi, hopes for ‘golden chapter’ in ties with India; U.S. Fed cuts interest rates but two policymakers dissent, and more

India and Japan would like to open a “golden chapter” in ties, said Japan’s Prime Minister Sanae Takaichi, who held her first conversation with Prime Minister Narendra Modi on Wednesday (October 29, 2025), a week after she took office. The conversation, which lasted about 25 minutes, focused on the Quad, economic and defence cooperation and the mobility of professionals, both sides said.

A divided U.S. Federal Reserve cut interest rates by a quarter of a percentage point on Wednesday and announced it would restart limited purchases of Treasury securities after money markets showed signs that liquidity was becoming scarce, a condition the U.S. central bank has pledged to avoid.

source:thehindu.com