Japan government plans record $730 billion budget for next fiscal year, Jiji reports
TOKYO (Reuters) – Japan’s government is in final talks to compile a record over 115 trillion yen ($732 billion) general account budget for the fiscal year from April, Jiji news agency reported on Wednesday. The initial budget will likely exceed…
Chinese tricksters take cue from Squid Game to prey on the indebted
By Ryan Woo, Ethan Wang and yukun zhang BEIJING (Reuters) – In China’s take on Squid Game, fraudsters are preying on the financially distressed in a slumping economy with promises of prize money, debt restructuring and other schemes that are…
RBA sees eventual monetary easing amid inflation progress, minutes show
Investing.com– The Reserve Bank of Australia will eventually consider loosening monetary policy amid consistent, albeit slow progress in bringing down inflation, the minutes of the central bank’s December meeting showed on Tuesday. The central bank had kept its benchmark cash…
China plans $411 billion special treasury bond issuance next year, sources say
(Reuters) – Chinese authorities have agreed to issue 3 trillion yuan ($411 billion) worth of special treasury bonds next year, two sources said, which would be the highest on record, as Beijing ramps up fiscal stimulus to revive a faltering…
China to increase budget deficit, ramp up govt bond issuance to support growth
BEIJING (Reuters) – China will raise its budget deficit ratio, intensify fiscal spending and accelerate expenditure in 2025, the finance ministry said on Tuesday. The government will arrange for a larger scale of government bonds to provide more support for…
Asia shares rise, dollar underpinned by elevated bond yields
By Rae Wee SINGAPORE (Reuters) – Asian stocks edged up on Tuesday, though moves were subdued in a holiday-curtailed week, while the greenback held near a two-year high helped by elevated U.S. Treasury yields as investors prepared for fewer Federal…