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Japan approves a record $812 bn budget; on track to cut deficit in half

Jan 14, 2015

Japan approves a record $812 bn budget; on track to cut deficit in half

Shinzo Abe's cabinet approved on Wednesday a record $812 billion budget for the coming fiscal year while cutting new borrowing for a third straight year in a bid to balance growth and fiscal reform. #Japan #recession #Nomura #Growth #Fitch #CPI #Sales Tax #taxes #Defence spending #factory output #job creation #Production #Shinzo Abe #japan budget
Is India ready to face another bout of global recession? World Bank report explains all

Jan 08, 2015

Is India ready to face another bout of global recession? World Bank report explains all

The report defines fiscal space as simply having enough budgetary resources to take counter-cyclical or other measures without jeopardizing the governments coffers or the economy itself. It points out that countries with more ample fiscal space used stimulus measures more extensively during the recession than those with tight fiscal space. #India #World Bank #Arun Jaitley #Global recession #fiscal tightening
Japan committed to fight deflation, may expand stimulus plan

Nov 25, 2014

Japan committed to fight deflation, may expand stimulus plan

Bank of Japan Governor Haruhiko Kuroda on Tuesday stressed the bank's readiness to expand stimulus further to meet its price goal #Japan #Monetary policy #recession #Eurozone #Deflation