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April 30, 2024
 

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DEBT 2

Japan Times
JAPAN / Politics
May 25, 2023
Japan and Sri Lanka confirm importance of transparent debt restructuring
Japan, France and India have launched an initiative to coordinate the restructuring of Sri Lanka's hefty loans among its creditors.
Japan Times
WORLD
May 23, 2023
Biden and McCarthy hold productive talks on U.S. debt, but no deal yet
Treasury Secretary Janet Yellen has warned that it is now 'highly likely” her department will run out of sufficient cash in early June and that default could come as soon as June 1.
Japan Times
WORLD
May 22, 2023
Biden and McCarthy to meet Monday as staff debt-limit talks resume
Investors are girding for more volatility in markets this week as the two sides grapple for a deal.
Japan Times
ASIA PACIFIC
May 22, 2023
China’s $23 trillion local debt mess is about to get worse
The financial struggles of a remote coal town in China are the tip of the iceberg of a local government debt problem that threatens to be a drag on the economy for years to come.
Japan Times
WORLD / Politics
May 21, 2023
Biden seeks to call McCarthy after debt-limit talks hit impasse
The president signaled over the weekend that he remains confident the U.S. government can avoid a catastrophic default.
Japan Times
BUSINESS
May 16, 2023
U.S. on track for June 1 default without debt ceiling hike, Treasury says
In her second letter to Congress in two weeks, Treasury Secretary Janet Yellen confirmed that the agency will be unlikely to meet all U.S. government payment obligations by early June.
Japan Times
WORLD
May 12, 2023
Biden’s debt ceiling meeting with McCarthy pushed to next week
The delay likely signals that staff-level talks on energy permitting reform and government spending have yielded progress.
Japan Times
BUSINESS
May 11, 2023
As G7 finance summit kicks off, warnings of ‘catastrophe’ in the U.S.
Talks were to be about the global economy, but the spotlight was on negotiations over the U.S. debt ceiling in Washington.
Japan Times
ASIA PACIFIC / ANALYSIS
May 11, 2023
Hopes dim for extension of IMF relief amid Pakistan’s deepening political crisis
Foreign exchange reserves in the South Asian country, currently at $4.457 billion, cover barely a month's worth of imports.
Japan Times
WORLD
May 11, 2023
U.S. Congress and White House begin tough debt limit and budget negotiations
Time is tight to avoid a historic, economically destabilizing default on government debt, which the Treasury Department has warned could come as soon as June 1.
Japan Times
WORLD
May 10, 2023
Biden indicates he could cancel Japan G7 trip if debt ceiling not resolved
Biden told reporters he is 'still committed' to attending the G7 but called the debt limit impasse 'the single most important thing on the agenda.'
Japan Times
BUSINESS
May 9, 2023
Yellen is calling CEOs personally to warn on U.S. debt ceiling, sources say
Yellen told lawmakers last week that Treasury will likely be unable to pay all the government's bills as early as June 1 without an increase in the federal debt limit.
Japan Times
BUSINESS / Economy / FOCUS
May 7, 2023
What happens if the U.S. fails to raise its debt ceiling?
Time is running short as U.S. policymakers remain at an impasse on lifting the debt ceiling.
Japan Times
BUSINESS / Economy
May 6, 2023
Yellen to tell G7 partners U.S. banking system sound and global outlook better
The U.S. treasury secretary's trip to Japan for a G7 meeting was 'compressed' to allow her to continue working with Congress to raise the debt ceiling and avoid an unprecedented default.
Japan Times
WORLD
May 3, 2023
Pressure building ahead of deadline to avert catastrophic U.S. debt default
The U.S. is expected to reach a temporary agreement to increase the debt limit, allowing the government to continue borrowing money to fund its operations as negotiations continue.
Japan Times
WORLD
Apr 27, 2023
U.S. House Republicans pass debt-ceiling hike, hoping to spur Biden to talks
The bill isn't expected to pass the Senate, but the mostly partisan 217-215 vote is a win for Republican House Speaker Kevin McCarthy on an issue that rattled investors and markets.
Japan Times
BUSINESS / Economy
Apr 15, 2023
Pressure mounts on China to offer debt relief to poor countries facing default
There was optimism at the spring meetings of the IMF and World Bank that China will make concessions over restructuring its loans.
Japan Times
BUSINESS
Apr 14, 2023
China left out of Sri Lanka debt talks amid angst over delays
Finance chiefs from India, Japan and the Paris Club of sovereign creditors held a joint briefing in Washington with the International Monetary Fund to mark the start of the restructuring.
Japan Times
JAPAN / Politics
Mar 28, 2023
Japan's parliament enacts record ¥114 trillion budget for fiscal 2023
Approval of the budget comes at a time when the debt-ridden nation has been ramping up spending, to ease the burden put on households by rising prices of everyday goods.
Japan Times
ASIA PACIFIC
Mar 28, 2023
China spent $240 billion bailing out 'Belt & Road' countries, study says
China has lent hundreds of billions of dollars to build infrastructure in developing countries, but lending has tailed off since 2016 as many projects fail to pay the expected dividends.
When will Japan intervene to support the yen?
Finance Minister Shunichi Suzuki has reiterated the government's readiness to take an appropriate action as the yen continues to slide against the U.S. dollar.
'So hot you can't breathe': Extreme heat hits the Philippines
A pedestrian cools himself with a folding hand fan as he waits for a ride along a road in Manila on Wednesday, as extreme heat hit the Philippines.
Raising kids in Japan as a single parent? It takes a village.
Making things work as a foreign, single mother in Japan isn't easy, but these tips and tricks can help you through the hardest parts.
Yen rebounds strongly after first slide past ¥160 since 1990
The yen dropped to ¥160.245 per dollar on Monday before heading into the other direction to ¥155.01 amid speculation of an intervention by Japanese currency authorities.
JAL cancels international flight after captain gets drunk at Dallas hotel
A Japan Airlines' flight from Dallas to Tokyo was canceled last week after its captain got drunk at a local hotel.
Climate change, chalky grains and the risks for Japan’s rice farmers
A farmer plants seedlings in Satsumasendai, Kagoshima Prefecture. Japan’s self sufficiency rate for rice is nearly 100%, compared with 38% for food overall, on a calorie basis.
Japan wants you to spend more with ‘luxury tourism’
Performers play a traditional drum unique to Wajima, Ishikawa Prefecture, in the prefectural capital of Kanazawa on March 16 to mark the extension of the Hokuriku Shinkansen line to Tsuruga Station in Fukui Prefecture.
Theaster Gates’ ambitious ‘Afro-Mingei’ brings Black Chicago to Tokyo
Theaster Gates' “A Heavenly Chord” lines up church pews before seven speakers and a Hammond B3 organ, a type of electric organ prevalent in Black American churches.
Casa del Cibo: A thriving jewel born from Tohoku’s harsh past
When chef Ryohei Ikemi moved to Hachinohe, Aomori Prefecture, and opened Casa del Cibo in 2011, it was the first proper Italian restaurant in the city.
Town to block view of Mount Fuji in response to overtourism
The town government of Fujikawaguchiko, Yamanashi Prefecture, decided to set up a 2.5-meter-high screen to prevent tourists from taking pictures of Mount Fuji looming behind a convenience store.

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