May 29, 2015

Volatile forex movements undesirable, Aso, Lew agree

The Japanese and U.S. finance chiefs agreed Thursday that volatile movements in foreign exchange markets are undesirable in the wake of the recent fall of the yen’s value against the dollar to a 12½-year low. Finance Minister Taro Aso told reporters after meeting with ...

Apr 17, 2015

Aso says AIIB would benefit from partnership with other lenders

The joint financing of development projects by a planned Chinese-led investment bank and existing institutions like the Asian Development Bank would help to raise standards at the new lender, according to Finance Minister Taro Aso. Aso and U.S. Treasury Secretary Jack Lew held talks ...

Apr 14, 2015

Japan estimates potential AIIB membership would cost ¥360 billion

Joining the China-led Asian Infrastructure Investment Bank will cost Japan about ¥360 billion and give it a stake about half that of Beijing, according to government estimates in a document obtained by Bloomberg. Japan’s initial contribution would be ¥180 billion, before doubling when the ...

Mar 20, 2015

Abe administration to compile stopgap budget covering 11 days

The Abe administration will compile a stopgap budget to fund government spending for 11 days starting April 1 as the budget for fiscal 2015 is unlikely to be enacted by March 31, Finance Minister Taro Aso said Friday. “Though the administration will continue to ...