Financial Insights That Matter The government on Friday approved a record 115.54 trillion yen ($730 billion) draft initial budget for fiscal 2025, driven by rising social security and national defense spending, fueling concerns about Japan’s fiscal health. Prime Minister Shigeru Ishiba, while expressing hope that the spending plan will help support an economy burdened by […]
Financial Insights That Matter The central government will strive to balance economic revitalization and fiscal consolidation, Finance Minister Katsunobu Kato said in a fiscal policy speech to parliament on Friday. “As we vigorously advance economic revitalization, we will also realize fiscal consolidation,” Kato said. Kato also asked for cooperation to swiftly pass the government’s budget […]
Financial Insights That Matter TOKYO (AP) — The Bank of Japan raised its key interest rate to about 0.5% from 0.25% Friday, noting that inflation is holding at a desirable target level. “The economy is gradually recovering,” BOJ Gov. Kazuo Ueda told reporters after a two-day policy board meeting in Tokyo. He acknowledged uncertainties remain, […]
Financial Insights That Matter High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your […]
Financial Insights That Matter Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Bank of Japan has raised short-term interest rates to “around 0.5 per cent”, the highest level in 17 years, as the central bank said that economic activity and wage and […]
Financial Insights That Matter HONG KONG (AP) — World shares advanced Friday after U.S. stocks rose to a record and the Bank of Japan raised its key lending rate. Oil prices fell after U.S. President Donald Trump called on oil-producing countries to reduce the price of crude, which would ease worries about inflation. Markets showed […]
Financial Insights That Matter By Leika Kihara TOKYO (Reuters) -Japan’s core consumer prices rose 3.0% in December year-on-year to mark the fastest annual pace in 16 months, likely cementing a central bank rate hike later in the day and retaining bets that borrowing costs will keep rising from ultra-low levels. The data on Friday comes […]
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Financial Insights That Matter TOKYO — Japan will work to ease the financial burden of foreign nationals coming to work in the country under a new government employment program, Nikkei has learned. The program, dubbed Employment for Skill Development, limits fees paid by foreign workers to recruitment agencies in their home countries to two months […]
Financial Insights That Matter (Bloomberg) — Japan’s key inflation gauge hit 3% for the first time in 16 months, underscoring the nation’s sustained price momentum just hours before the central bank is expected to hike rates for a third time under Governor Kazuo Ueda. Most Read from Bloomberg Consumer prices excluding fresh food rose 3% […]