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.
Some in Japan's ruling bloc seeking ¥30 trillion in additional stimulus
The envisioned budget would likely extend the government's Go To Travel subsidy campaign, which is currently set to be terminated at the end of January.
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.
Japan eyes additional stimulus package to spur virus-hit economy
Part of the new countermeasures in the upcoming package will be funded by the fiscal 2021 budget, according to the sources.
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.
Pandemic opens door to ideas new and old for a better economy
Governments have already cast aside dogmas at least temporarily to protect companies and jobs in the deepest peacetime recession in almost a century.
