Tag - debt

 
 

DEBT

The administration of Prime Minister Fumio Kishida on Friday approved this year's honebuto economic and fiscal policy guidelines.
BUSINESS / Economy
Jun 21, 2024
Japanese government restores 2025 primary budget surplus target
In its economic blueprint, the Kishida administration has pledged a balanced budget other than interest payments by fiscal 2025.
Without stronger international cooperation and policies that advance shared prosperity, growth will remain too slow to support progress on development and poverty reduction.
COMMENTARY / World
Jun 16, 2024
Getting the global economy out of the slow lane
The world economy has avoided recession despite the steepest rise in global interest rates since the 1980s.
Prime Minister Fumio Kishida
JAPAN
Jun 11, 2024
Japan to stick to goal of primary budget surplus next fiscal year
The government will also continue to try to lower the ratio of debt to gross domestic product, a draft of annual policy guidelines for budget planning said.
An LDP panel's proposal on fiscal policy underscores how a weak yen and an exit from ultra-low interest rates are piling pressure on Japan to rein in its huge public debt.
BUSINESS
May 30, 2024
Japan must restore fiscal discipline to protect yen's value, LDP panel says
The views of the panel of Liberal Democratic Party lawmakers are shared by the powerful Finance Ministry, who oversees the state budget.
Foreign private credit funds are focusing on Japanese investors as they move more money into higher-paying assets.
BUSINESS / Companies
May 29, 2024
Private credit chases Japan’s trillions as inflation spurs shift
Private credit funds are betting that inflation will prompt investors to channel more money into riskier overseas investments.
The ultimate challenge for the next government is to balance infrastructure investment with measures that improve household financial stability and income.
COMMENTARY / World
May 29, 2024
India’s election winner has a repair job waiting
The ultimate challenge for the next Indian government is to balance infrastructure investment with measures that improve household financial stability and income.
Those who will be employed as teachers in Japan after completing graduate school will be exempt from repaying scholarship loans.
JAPAN / Society
May 29, 2024
Japan to waive graduate scholarship loan repayments for teachers
The policy will apply to those who pass the recruitment examinations in the current fiscal year ending in March 2025.
Finance Minister Shunichi Suzuki (left) receives a draft proposal produced by the Fiscal System Council from Keidanren Chairman Masakazu Tokura in Tokyo on Tuesday.
BUSINESS
May 22, 2024
Japanese advisory panel calls for strengthening fiscal resilience
The Fiscal System Council warned that the country's finances will deteriorate further if debt servicing costs swell.
A social welfare office in Tokyo sets up a counter for special COVID loans in June 2020.
JAPAN
May 7, 2024
Only 37% of COVID-19 special loans were repaid in Japan
Some special loan recipients had been facing financial difficulties even before the pandemic
Japan's government debt has grown to the equivalent of more than 250% of the nation’s economy, more than any of its peers.
BUSINESS / Economy
Apr 30, 2024
Japan’s debt dilemma may doom any FX intervention, Brooks says
The consequences have been a sharply weaker yen, which has lost more than a quarter of its value against the U.S. dollar since March 2022.
Vitor Gaspar, director of fiscal affairs at the International Monetary Fund, speaks at a news conference during the annual meetings of the IMF and World Bank in Washington on Wednesday.
BUSINESS / Economy
Apr 19, 2024
Japan should pursue fiscal consolidation, IMF economist says
With Japan's inflation mostly in line with the Bank of Japan's 2% target, an IMF economist is encouraging fiscal consolidation.
The IMF has singled out the U.K. and Italy alongside the U.S. and China as nations that face serious fiscal risks as debt continues to creep upward.
BUSINESS / Economy
Apr 18, 2024
U.S. and China debts pose risks for global public finances, IMF says
Public debt in China and the U.S. is projected to almost double by 2053, which could "have profound effects on the global economy," the IMF reports.
The problem many developing countries have in repaying their debts might be even bigger than the world realizes, as many sovereign debts are hidden.
COMMENTARY / World
Apr 10, 2024
Tackling the world’s hidden debt problem
Low-income countries are struggling to repay their debts. Better transparency and accounting systems could help them tackle this challenge.
Bank of Japan Gov. Kazuo Ueda has indicated the central bank's debt buying will be dialed back at some point.
BUSINESS
Apr 9, 2024
Japan’s bond market liquidity improves as BOJ loosens its grip
Among the signs of progress, the average bid-ask spread to trade the country’s debt has tightened to the narrowest in at least six months.
An Upper House budget committee session for questions and answers on the fiscal 2024 draft budget held Wednesday
BUSINESS / Economy
Mar 6, 2024
Japan's huge draft budget raises questions over fiscal accountability
The government allocates reserves and determines their use at Cabinet meetings, requiring only retroactive approval by parliament.
The world needs to avoid the mistakes and pitfalls that go with providing debt relief and should craft sustainable solutions for financially distressed nations. 
COMMENTARY / World
Mar 1, 2024
Developing countries’ never-ending debt crisis
Creditors have a role in resolving debt crises. This means all eyes are on China, which is the single most important creditor for debt distress.
In early February, the Finance Ministry announced that government debt at the end of last year had reached a record high of ¥1.2 quadrillion.
JAPAN / Politics / FOCUS
Feb 27, 2024
With downfall of Abe faction, some see a shift in Japan’s debt debate
The faction has long promoted fiscal stimulus, but its demise combined with wider economic conditions could open up space for a different approach.
The Aozora Bank headquarters in Tokyo. The bank surprised investors with losses tied to U.S. commercial property, sending shares down by the limit and heightening concern over global banks' exposure to souring real estate bets.
BUSINESS / Companies
Feb 2, 2024
Gamble on U.S. commercial property blows up for Japan’s Aozora
Shares went down by the limit and heightened concern over global banks' exposure to souring real estate bets.
Italy's Prime Minister Giorgia Meloni at the Italy-Africa summit in Rome on Monday
WORLD / Politics
Jan 30, 2024
Overwhelmed by debt, Italy sells stake in Post Office 'crown jewel'
The government has a long way to go to reduce its debt, which currently amounts to 140.2% of GDP.
BUSINESS
Jan 22, 2024
Japan’s baseline forecasts show government missing budget goal
The primary balance is projected to be around minus 0.4% in fiscal year 2025.

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