(Bloomberg) — Some of the world’s most famed investors and the biggest Wall Street banks are voicing a near consensus that Japan’s stock market is the place to be as its larger peers — the US and China — grapple with rising economic headwinds.Most Read from BloombergZelenskiy’s Surprise G-7 Stop Unnerves Critical Brazilian LeaderDebt-Limit Talks Resume After Optimism Curbed by GOP Walk-OutHedge Funds’ Ultra-Bearish Oil Bets Signal US Recession AngstStock Market Keeps Rallying, Defying Doom Scen
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Tag: Japan
Japan’s deficit reaches 8-year high as energy imports soar
TOKYO (AP) — Japan racked up a 2.2 trillion yen ($19 billion) trade deficit last month, an eight-year high, as the cost of energy imports soared, the government said Thursday. The Finance Ministry said exports edged up 9.6% in January from the same month the previous year. Imports jumped 39.6%, resulting in the sixth straight month of trade deficits, it said. The amount is the biggest since January 2014, when the trade deficit totaled nearly 2.8 trillion yen. Koya Miyamae, a senior economist at
— Read on ca.finance.yahoo.com/news/japans-deficit-reaches-8-high-050019438.html
Japan’s Household Inflation Expectations Jump to Most Since 2008
(Bloomberg) — Inflation expectations for Japanese households jumped to the highest in 13 years, showing how costlier energy is influencing sentiment even as overall price gains remain far below the Bank of Japan’s target. Most Read from BloombergCypriot Scientist Says Deltacron Covid Variant Isn’t ErrorWorld’s Biggest Crypto Fortune Began With a Friendly Poker GameSingapore Breaks Down Covid Deaths by Vaccine, With Moderna Seeing Lowest RateDip Buyers Drive U.S. Stock Rebound After Selloff: Mar
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Yen Suddenly Drops to Five-Year Low as Treasury Yields Spike
(Bloomberg) — The yen dropped to its weakest level against the dollar in five years, as global growth optimism triggered a spike in U.S. Treasury yields and undermined the appeal of haven assets. Most Read from BloombergOmicron Cases Are Hitting Highs, But New Data Put End in SightPolice Pinpoint Starting Point of Historic Colorado WildfireU.S. Sets Global Daily Record of Over 1 Million Virus CasesIvanka Trump, Donald Trump Jr. Subpoenaed in Asset ProbeU.S. Catches Kremlin Insider Who May Have
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Japan Plans Record 107.6 Trillion Yen Budget in FY22: Nikkei
(Bloomberg) — Japan has put together a record budget for next fiscal year, with Covid-related spending and higher social security costs contributing to a further increase in the country’s massive debt pile, according to the Nikkei newspaper.Most Read from BloombergFDA Expected to Authorize Pfizer and Merck Covid Pills This WeekExtreme Bidding Wars Are Raging in One of World’s Riskiest Housing MarketsIsrael to Offer Fourth Shots; N.Y. Cancels Exams: Virus UpdateOmicron Becomes Dominant U.S. Stra
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Japan economy contracts 3.6% in 3Q as virus hits spending
TOKYO (AP) — Japan’s economy contracted at a 3.6% annual rate in July-September as a wave of coronivirus infections crimped travel and other activities, the government said Wednesday. The estimate for the last quarter, downgraded from an earlier report of a 3.0% contraction, reflected weakness in consumer spending and trade, the government said. In quarterly terms, the measure used for most economies, the economy contracted 0.9%, compared to the earlier estimate of a 0.8% contraction. The world’
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Japan supercomputer suggests changes to travel, work amid airborne virus threat – Reuters
Supercomputer-driven models simulated in Japan suggested that operating commuter trains with windows open and limiting the number of passengers may help reduce the risk of coronavirus infections, as scientists warn of airborne spread of the virus.
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Japan plunges into recession as US states start opening up
NEW YORK — Japan’s economy plunged into recession in the first quarter as the coronavirus pandemic squelched business activity, while leaders in the U.S. and Europe are weighing the risks and rewards of lifting COVID-19 restrictions knowing that a vaccine could take years to develop.India, meanwhile,
— Read on ca.finance.yahoo.com/news/japan-plunges-recession-us-states-050434730.html
Japan Doubles Down to Deliver World’s ‘Biggest’ Stimulus Package
(Bloomberg) — Prime Minister Shinzo Abe doubled Japan’s stimulus measures as he looked to deliver on his bold promise to keep businesses and households afloat with the world’s biggest virus-response package.His cabinet approved Wednesday a 117 trillion yen ($1.1 trillion) set of measures that includes
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Japan approves fresh $1.1 trillion stimulus to combat pandemic pain – Reuters
Japanese Prime Minister Shinzo Abe’s cabinet approved on Wednesday a new $1.1 trillion stimulus package that includes significant direct spending, to stop the coronavirus pandemic pushing the world’s third-largest economy deeper into recession.
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