To add extra energy to a reviving economy, the government of Japanese prime minister Fumio Kishida will offer about $35 billion in temporary income and residential tax cuts and cash gifts to low-income households.
Tag: Japan
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BANK OF JAPAN HOLDS INTEREST RATE STEADY
The Bank of Japan (BoJ) did not change its interest rate when the governing committee met on 22 September, citing “extremely high uncertainties” about its own and the world’s economic future.
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JAPAN SAYS MILITARY RUSSIA/CHINA IS A THREAT
Japan has identified China’s expanding military activity in the region as its biggest threat with a special focus on Beijing’s growing relationship with Russia, according to its newly approved 2023 defense white paper.
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BLOCKCHAIN BATTLES
Japan envisions web3 technology as the next wave of economic empowerment and inclusion.
The country has been formally focused on providing legal clarity and friendliness to development and infrastructure for web3 since January of 2022.
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JAPAN’S ECONOMY EXPANDS MORE THAN PREDICTED, BUT…
Japan’s troubled economy grew at an annual pace of 2.7 percent during this year’s first quarter, according to revised government figures. The initial estimate was 1.6 percent.
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IAEA HEAD TO VISIT JAPAN TO GIVE FUKUSHIMA TOXIC DUMP FINAL BLESSING
Rafael Mariano Grossi, the head of the UN’s International Atomic Energy Agency, is expected to visit Japan’s Fukushima nuclear plant before the country releases 1.25 million tons of the treated wastewater into the Pacific.
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BANK OF JAPAN HOLDS INTEREST RATE STEADY AT -0.1 PERCENT
The Bank of Japan (BoJ) held its key interest rate at -0.1 percent last week, continuing to defy the trend set by most other developed economies to raise rates to combat inflation.
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YEN SINKS FURTHER AS JAPAN’S GOVERNMENT ANNOUNCES $197 BILLION STIMULUS
At its meeting last week, the Bank of Japan (BoJ) held its key interest rate at -0.1 percent, made no changes to its program of bond purchases, and continued to cap the yield on 10-year bonds at zero percent, as predicted by 49 economists Bloomberg had polled.
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JAPAN’S INFLATION HIGHEST IN MORE THAN 30 YEARS IN SEPTEMBER
Japan’s consumer prices, excluding those for fresh food, grew last month by 3 percent, year over year, the most at any time since 1991, aside from a blip in 2014 when sales taxes rose, Bloomberg reported.
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