Japan may achieve fiscal health in fiscal 2027: government

Business / Economy Jul 31, 2019

Japan may achieve fiscal health in fiscal 2027: government

Japan may achieve fiscal health in the year ending March 2028, one year later than previously estimated, due to decreased tax revenues amid a slowdown in the global economy, the government's latest projections showed Wednesday. According to the long-term projections, the government will run a ...

Business May 16, 2017

China and Japan increase holdings of U.S. government treasuries

Japan and China increased their holdings of U.S. Treasuries as overall net foreign purchases in March reached their strongest level in a year. China increased its ownership of U.S. government bonds, notes and bills to $1.09 trillion in March, up $27.9 billion and remaining the ...

Bank of Japan's Kuroda rules out 'helicopter money'

Business / Economy Jul 21, 2016

Bank of Japan's Kuroda rules out 'helicopter money'

Bank of Japan Gov. Haruhiko Kuroda ruled out the idea of using "helicopter money" — or directly underwriting the budget deficit — to combat deflation, as policymakers gear up to expand existing stimulus programs. Japanese markets have risen this month on speculation that authorities, battling ...

Business Apr 14, 2016

IMF urges consumption tax hike to go ahead

The International Monetary Fund urged Japan on Wednesday to go ahead with a planned hike in consumption tax next April in order to secure funds for further economic stimulus. In the semiannual Fiscal Monitor report, the Washington-based lender called for an increase in the consumption ...