Japan stimulus plan strengthens safety net, but experts split on handouts
Some economists say the financial aid should be focused on those in need while others say the proposed measure appears to be lacking fairness.
No turning back after central bankers' 'seismic' stimulus shift
The world's top central bankers have pulled out all the stops in their fight against the coronavirus fallout, taking money printing to extremes that may become the new normal long after the pandemic is over. The tools used by the Bank of Japan, the U.S. ...
Prime Minister Shinzo Abe pledged Monday to roll out an unprecedented economic stimulus package equal to 20 percent of economic output as his government vowed to take "all steps" to battle deepening fallout from the coronavirus. The package, to be confirmed by the Cabinet on ...
Japan's ruling party asks for ¥60 trillion stimulus to aid virus-hit economy
The Liberal Democratic Party is calling for a ¥60 trillion ($556 billion) stimulus package to help households and small businesses survive the fallout from the coronavirus outbreak. Prime Minister Shinzo Abe, who has warned of a prolonged battle against the COVID-19 pandemic, has pledged to ...
G20 vows to inject $5 trillion into pandemic-hit global economy
Leaders from the Group of 20 economies said Thursday they would be pumping $5 trillion (¥542 trillion) into the world economy as part of a joint pledge to use all policy tools available to cushion the impacts of the global COVID-19 pandemic. To fight the ...
Japan may dish out cash to households impacted by coronavirus
The government plans to start offering the cash in May at the earliest.
G20 finance chiefs and central bankers to develop COVID-19 action plan
Finance ministers and central bankers from the world’s 20 largest economies agreed Monday to develop an action plan to respond to the COVID-19 pandemic, which the IMF now expects to trigger a global recession, but disclosed no specifics. The G20 secretariat issued the statement after ...
Japan mulls ¥30 trillion in economic stimulus to counter coronavirus impact
Spending by the government is likely to surpass the ¥15 trillion it earmarked during the 2008 global financial crisis.
Bank of Japan looks to boost stocks with additional stimulus as virus roils markets
The Bank of Japan is considering extending further support to the stock market, which has suffered major sell-offs amid the coronavirus outbreak, according to sources close to the matter. The central bank is planning to increase its purchases of exchange-traded funds by lifting the annual ...
Fiscal stimulus can ease the impact of COVID-19 on the global economy
Prompt actions by governments could help prevent the collapse of affected firms and individuals.
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 ...
