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 ...
Japan's growing debt divergence
The BOJ may have no choice but to end up providing permanent government support to avoid painful fiscal consolidation.
Japan's fiscal health goal likely to be pushed back another five years to 2025
The government is eyeing fiscal 2025 as its new target year to achieve a primary balance surplus, delaying the fiscal health goal by another five years, sources said Wednesday. Prime Minister Shinzo Abe's administration has already given up on its previous target year of fiscal ...
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 ...
Japan government debt hit record ¥1.072 quadrillion as of March 31
Japan's central government debt stood at a record ¥1.072 quadrillion at the end of fiscal 2016, the Finance Ministry said Wednesday. The amount owed per person came to approximately ¥8.45 million, based on Japan's estimated population of 126.79 million as of April 1. The central government's ...
Holders of U.S. Treasuries can breathe a sigh of relief as Japan's spotlight turns to France. Japanese investors offloaded a record amount of French sovereign debt in February while their selling of U.S. bonds slowed, according to data from the Finance Ministry and the Bank ...
Slower tax revenue growth in aging Japan puts Abenomics at crossroads
As Japan takes on the elusive challenge of fiscal reconstruction, slowing tax revenue growth is casting a shadow over the future of the aging country. That bodes ill for Prime Minister Shinzo Abe, who has touted recent growth in tax income since taking office in ...
Japan to issue ¥1.8 trillion in bonds to make up for tax shortfall
The government will issue an additional ¥1.8 trillion ($15.2 billion) in bonds this fiscal year to make up for a shortfall in tax revenue and to help pay for a third extra budget, according to government sources. Reflecting sluggish corporate tax revenue, the government will ...
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 ...
BOJ bond valuation losses are said to be ¥874 billion in 2015
The Bank of Japan wrote down the value of its holdings of government debt by ¥874 billion ($8.5 billion) in the last fiscal year, undercutting the income from its still profitable asset-purchase program. With yields below zero, the central bank is buying debt at prices ...
Moody's sees Japan's consumption tax hike delay as 'credit negative'
Moody's Investors Service Inc. said Thursday that Prime Minister Shinzo Abe's decision to postpone a hike in the consumption tax and compile a fiscal stimulus in the autumn is "credit negative," questioning the government's ability and willingness to achieve fiscal consolidation. The U.S. debt rating ...
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 ...
