Japan to end Tokyo's state of emergency, eyes fresh $930 bn stimulus; eyes to expand economic activities in stages
To support an economy on track for its deepest slump in postwar history, the government is considering fresh stimulus worth 100 trillion yen ($930 billion), mostly comprising financial aid for companies, the Nikkei newspaper said.
Stock Market Latest Updates: Sensex jumps 416 points, Nifty above 9,200-mark; rupee rises 21 paise to 76.24
Stock Market today LIVE Updates: Sensex rises over 550 points, Nifty above 9,300-level; IndusInd Bank up 6%
Asian stock markets gained Monday after Japan's central bank promised more asset purchases to shore up financial markets and more governments prepared to revive struggling economies by reopening businesses
Coronavirus pandemic set to tip Japan into deep recession this year; Bank of Japan seen easing again
Japan is expected to slip into a deep recession this year with the economy set to contract for a third straight quarter in April-June, a <em>Reuters</em> poll showed on Wednesday, as the coronavirus outbreak wreaks havoc on businesses and daily life
In a news conference, Federal Reserve chairman Jerome Powell said the epidemic was having a “profound” impact on the economy, forcing whole industries like travel and leisure offline.
The US-China tariff war has hurt global supply chains and manufacturing activity, slowing growth in export-reliant Asian economies
The Union Cabinet on Thursday approved a proposal for a $75-billion bilateral swap arrangement between India and Japan, a move aimed at enhancing the RBI's ability to manage exchange rate volatility
India-Japan sign currency swap agreement: Weak rupee against a rising dollar, depleating forex reserve led to $75 bn deal
Japan and India on Monday entered into a $75-billion currency swap agreement. The deal comes in at a time when the country is battling with the depreciating value of rupee as opposed to the dollar.
At least five central banks, across the emerging and the developed markets, have announced their monetary policies over the last two weeks, amid uneven global economic recovery trends.
Earlier this month, the central bank had upped its retail inflation projection by 0.30 percent and kept the policy stance in the neutral zone, even as it hiked the key rate by 0.25 percent to 6.25 percent.
A recent slew of firm US economic data has pushed up the dollar on market expectations the Federal Reserve could raise interest rates in December.
The Sebi chief noted that balance sheets of major banks like that of the US Fed, the European Central Bank, Bank of England and Bank of Japan, which have been following near-zero or even negative interest policies, have become too large
The U.S. central bank raised its benchmark overnight interest rate to a range of 0.25 percent to 0.50 percent in December, the first hike in nearly a decade, but has held rates steady this year
Japanese investors have poured money into foreign bonds in a scramble for income-generating assets as domestic bond yield shave turned negative
With three years of massive money printing failing to push up inflation, the BOJ is expected to move away from shock therapy and towards a protracted battle against deflation
The central bank maintained its base money target at 80 trillion yen ($775 billion) as well as the pace of purchases for other assets including Japanese government bonds
IMF spokesperson Gerry Rice said the Brexit was likely to cause a dampening of growth in the near term, and urged policy makers to act decisively while dealing with the situation.
Japan's Toshiba Corp plans to sell part of its chip business as it aims to recover from a $1.2 billion (roughly Rs. 7,973 crores) accounting scandal, three people familiar with the matter told Reuters on Saturday.
First and foremost is the fact that inflation in the United States is well below the Federal Reserve's preferred target of 2 percent.
Calling the world economy "fragile, brittle and fragmented", IMF Managing Director Christine Lagarde told a conference of central bankers in Paris it was "perfectly legitimate and appropriate" for the ECB and the BoJ to take unconventional steps to combat low inflation and economic stagnation.