Japan shrinks budget surplus forecast as it grapples with debt mountain
Japan kept unchanged its timing for balancing the primary budget on Friday, but expects to see a much smaller excess than previously thought when it hits a budget surplus, underlining the government's struggle to rein in massive public debt. Prime Minister Shinzo Abe's government stuck ...
Bank of Japan debated monetary and fiscal policy mix as risks from ultralow rates grow
A few Bank of Japan board members said the central bank must work carefully with the government in dealing with the next economic downturn, minutes of the BOJ's October rate review showed Tuesday. The nine-member board also debated the demerits of prolonged monetary easing, with ...
The government has to get more serious about maintaining a sustainable national budget.
'Too optimistic': Japan tax hike not enough to boost nation's finances
The nation’s tax revenue is expected to end up lower than the record high figure estimated in the fiscal 2020 draft budget.
Bank of Japan keeps policy steady after Abe announces fiscal package
BOJ officials see a sizable impact from Abe’s fiscal spending, which is expected to boost the economy by 0.35 percentage points, according to economists surveyed.
Fiscal policy must play key role in supporting Japan's economy, says ex-BOJ exec
Fiscal policy must play a key role in supporting the nation's economy if overseas risks threaten to derail a fragile recovery, as the central bank has little left in its policy tool kit, a former Bank of Japan executive said on Tuesday. Kazuo Momma, who ...
Economists predict Bank of Japan will stand pat this week after Abe stimulus
The Bank of Japan will leave monetary policy unchanged this week, and probably for much longer, after Prime Minister Shinzo Abe unveiled a stimulus package to bolster growth, according to a Bloomberg survey. All 45 economists polled expect no action from the bank at the ...
Japan's Cabinet approves ¥4.47 trillion extra budget focused on post-disaster reconstruction
The Cabinet approved Friday an extra budget totaling ¥4.47 trillion for this fiscal year, to support reconstruction efforts following natural disasters and prepare mitigation measures for similarly catastrophic events in the future. To finance the additional spending, the government will issue ¥2.23 trillion of deficit-covering ...
Japan's extra budget for fiscal 2019 expected to reach ¥3.2 trillion
The government plans to earmark ¥3.2 trillion in spending under a planned supplementary budget for fiscal 2019, which ends in March, sources said Thursday. The government is expected to adopt the extra budget on Friday. The extra budget will cover some 20 percent of the ¥13.2 ...
Economists agree on one thing about Abe's stimulus package: It helps the Bank of Japan
Economists are divided over how much good Prime Minister Shinzo Abe's new stimulus package will do in terms of sparking extra growth, but there's one thing they do seem to agree on: The Bank of Japan is off the hook for now. The package announced ...
Cabinet approves ¥26 trillion stimulus package to prop up slowing Japanese economy
Economists say the stimulus package could slow down Japan’s efforts to improve its fiscal health, which is the worst among major industrialized economies.
Japan preparing ¥13 trillion stimulus package as recession risks rise
The spending could further strain the industrial world’s heaviest public debt burden, which is more than twice the size of the Japanese economy.
