Japan brings forward financial health projection to fiscal 2026
The bringing forward of the timeline is mainly due to envisaged increases in tax income, which is expected to continue growing gradually on the back of rising corporate tax revenues.
Government panel proposes more support for Japanese firms hiking wages
To facilitate pay raises, the panel said some subsidy programs should be contingent on businesses agreeing to raise their employees' wages.
New Japanese finance chief faces dilemma: Spend more or repair fiscal health
Finance Minister Shunichi Suzuki will be forced to balance Kishida's spending plans with the nation's poor fiscal health.
Japan may attain fiscal health in 2027 due to tax revenue rise
The country's primary balance is expected to turn black in fiscal 2027 with a surplus of about ¥1.8 trillion ($16.4 billion) under the most optimistic scenario.
COVID-19 trauma has changed economics — maybe forever
The 2008 crash triggered a rethink, but the framework in place since the 1980s emerged relatively intact. The pandemic then cast those conventions aside around the world.
G7 to back minimum global corporate tax and support economies
A draft statement said the G7 supported efforts to set a global minimum corporate tax level that would ensure large multinationals paid their fair share.
Japan's Cabinet approves record ¥106.61 trillion budget for fiscal 2021
The budget raises concern over a further deterioration of the country's fiscal health, already the worst among major economies.
Japan’s latest stimulus boost may fall short of official forecast
Many economists expect the dollar-for-dollar impacts of stimulus measures to typically decrease as time passes from a crisis or recession.
Japan to stay in step with U.S. under Biden on fiscal stimulus
The overall shape of Biden's policies remains unclear, but it is hoped he will take a softer stance on trade than President Donald Trump.
More Australian QE threatens a source of yield for Japan investors
Options for Japanese investors, among the biggest buyers of global debt, have shrunk this year as central banks slashed rates.
BOJ’s swelling share of Japan assets complicates future exit from stimulus
The central bank now owns 71% of exchange-traded funds, a fifth of commercial paper and 7% of corporate bonds, its assets equivalent to 137% of gross domestic product.
World economy that took elevator down faces steep stairs back up
Hopes for a V-shaped rebound have been shattered as the reopening of businesses looks shaky at best and job losses risk turning from temporary to permanent.
