- Analytics
- News and Tools
- Market News
- Japan’s PM Kishida to approve $198 billion extra budget for stimulus plan – Bloomberg
Japan’s PM Kishida to approve $198 billion extra budget for stimulus plan – Bloomberg
Bloomberg reported on Tuesday, Japanese Prime Minister Fumio Kishida is set to approve USD198 billion in the additional budget for the economic stimulus plan.
Meanwhile, Reuters reported, having seen a draft of the spending plan, Japan is set to spend 1.4 trillion Japanese Yen (JPY) ($9.55 billion) in additional fiscal loans in a second extra budget set to be compiled this month.
Separately, the tax panel chief of PM Kishida’s junior coalition partner party Komeito said on Tuesday, the government “may opt to hike taxes on ultra-wealthy individuals with annual incomes of more than JPY1 billion ($6.8 million).”
Market reaction
USDJPY is extending its rebound towards 147.00 on the stimulus news. The pair is trading at 146.78, adding 0.11% on the day, at the time of writing.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
