- Analytics
- News and Tools
- Market News
- Japan government braces for October stimulus to defend economy
Japan government braces for October stimulus to defend economy
Japanese media Kyodo News cites anonymous sources to confirm on Wednesday that the government in Tokyo appears set to roll out fresh economic stimulus in October.
Reuters quotes the Japanese media while stating the main aims of the stimulus as “To support companies' wage hikes and mitigate energy bills.”
“Prime Minister Fumio Kishida is expected to order his government agencies to draft the package by the end of September, with an aim of compiling an extra budget to fund the measures,” the news mentioned.
It should be noted that Reuters came out with the analysis suggesting the burden of the nation’s debt due to the stated stimulus within the news. The calculations signal Japan’s debt, which is already double the size of GDP, to reach a record high of 112 trillion yen ($760 billion) for the next fiscal year.
USD/JPY grinds higher
USD/JPY remains on the front foot around 147.70 as Tokyo opens for Thursday, after reversing from a 10-month high the previous day, despite lacking bearish momentum during late Wednesday.
© 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
