Japan Eyeing 17 T. Yen for Economic Package
(Kishida polling at lowest and just took part in a 3 day nuclear accident drill over last weekend-so look for an ‘accident’ to occur to boost those #'s and the ubiquitous buying of votes with this now-understand this…..the current financial system ends when the central banking system loses control of the BoJ….this is NOT some outlier country as you don’t have a GDP vs. Debt ratio approaching 300% by accident….see muh yen carry trade-ignore what goes on here at your own peril) Japan's government and ruling coalition are in talks to set the size of the planned economic package at around 17 trillion yen, government sources said Wednesday. The package, to be adopted by the cabinet Thursday, will include individual income and residential tax cuts costing the government 3.5 trillion yen, which Prime Minister Fumio Kishida has promised to implement in June 2024 to cushion the impact of rising prices. With wage growth not keeping pace with price increases in Japan, the government and ruling bloc aim to support the economy by offering the fixed-amount tax cuts as well as benefits under the package to ease the burdens of households. They plan to earmark 13.1 trillion yen in general account spending under a fiscal 2023 supplementary budget for financing the economic package, excluding the tax cuts and some other measures.The package will include measures to tackle soaring gasoline prices, (with imports of energy down 16% at last report) extend steps to curb electricity and gas bills, promote domestic investment in cutting-edge semiconductors and establish a strategic fund for the space sector. https://jen.jiji.com/jc/eng?g=eco&k=2023110100605
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>>19845054 Japan debt to gdp - 270% at average of 0.5%? with inflation at 3.6%, those are real negative rates, -3% Owners of the debt (whoever the f that is) are paying for the privilege of owning it No one would buy this debt Similar to US debt last year
Japan approves $110bn stimulus package to fight inflation
New measures include tax cuts as Kishida's popularity plunges
TOKYO -- Japan's cabinet approved on Thursday a package of economic measures worth about 17 trillion yen ($112 billion), including income tax cuts, as Prime Minister Fumio Kishida grapples with persistent inflation and falling approval ratings.
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Bank Of Japan Is Brewing A Storm In Global Markets
The Bank of Japan’s incessantly loose monetary policy is stoking underlying imbalances in global markets that are poised to lead to a sudden and rapid increase in asset volatility. The yen is likely to rally hard, US versus Japanese short-term yield spreads tighten, and domestic equities rise.
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