With the economy growing above its potential rate, the nation needs structural reforms rather than a big dose of government spending, according to Susumu Takahashi, a member of the government's economic and fiscal policy council. Strong exports and resilient domestic demand have set the economy ...
A Bank of Japan policymaker praised Adolf Hitler's economic policies on Thursday, but said they enabled the Nazi dictator to do "horrible" things to the world. Yutaka Harada, a member of the board of Japan's central bank, said Western policymakers helped bring Hitler to power ...
While Donald Trump is set to inject a dose of fiscal medicine into the world's biggest economy, any move by Shinzo Abe to further strengthen Japan's fiscal stimulus program faces the challenge of disappointing tax receipts and a record debt burden. The government already plans ...
The Diet has approved a ¥4.11 trillion supplementary budget to stimulate an economy dampened by sluggish growth amid weak consumer demand and business investment. The second supplementary budget for the fiscal year through March was approved Tuesday by the Upper House after clearing the Lower ...
Prime Minister Shinzo Abe's newly appointed regional revitalization minister, Kozo Yamamoto, has argued that the leader's Abenomics economic policy mix has not plateaued but is merely returning to its original form, one that combines financial and fiscal measures. Last month, Abe compiled an economic stimulus ...
Bank of Japan Gov. Haruhiko Kuroda hasn't faced such intense expectations for more monetary stimulus anytime since his first meeting as Bank of Japan governor in 2013. Thirty-two of 41 analysts forecast that Kuroda and the BOJ board will expand their record program at the ...
Chief Cabinet Secretary Yoshihide Suga rules out the issuance of deficit bonds to fund an economic stimulus package planned for the autumn, but hints at the use of construction bonds.
In the current economic climate, if a liquidity trap looms, helicopter money could be one of the cheapest and most effective tools for stimulating the economy.
Private-sector members of the Council on Economic and Fiscal Policy on Thursday called for potential stimulus measures to be studied to address downside risks to the global economy. The government "needs to flexibly respond if judged necessary" after Japan's gross domestic product turned "weak" in ...
Japan's industrial output unexpectedly fell in August, raising concern that the economy may have fallen back into its second recession since Prime Minister Shinzo Abe took government. The slump in production is likely to intensify debate on the need for Abe's administration to increase spending ...
The anemic economy is prompting calls for another fiscal boost. If history and the government's strained finances are any guide, a package is likely to redirect cash already on the books. With ¥1.6 trillion left over from last year and rising tax revenue bolstering the ...
Japan needs an economic injection of as much as ¥3.5 trillion ($28 billion) to shore up consumption and stave off further economic contraction, said Etsuro Honda, an economic adviser to Prime Minister Shinzo Abe. "Households feel their income has been reduced," Honda, 60, said in ...
