Edition:
United Kingdom

Yoshifumi Takemoto

Tokyo 2020 CEO pledges to keep Games costs under budget

27 Dec 2019

TOKYO Tokyo Olympics organisers sought to reassure Japan's public that the cost for hosting the Games will not exceed budgeted estimates, amid worries over possible overruns caused partly by late venue switches for the marathon and walking events.

Deepening negative rates would do more harm than good: ex-BoJ deputy governor Mutoh

27 Dec 2019

TOKYO The Bank of Japan has nearly exhausted its policy ammunition to boost the economy as deepening negative interest rates, seen as the most likely step if it were to expand stimulus, will do more harm than good, former BOJ Deputy Governor Toshiro Mutoh said.

Deepening negative rates would do more harm than good - ex-BoJ deputy governor Mutoh

27 Dec 2019

TOKYO The Bank of Japan has nearly exhausted its policy ammunition to boost the economy as deepening negative interest rates, seen as the most likely step if it were to expand stimulus, will do more harm than good, former BOJ Deputy Governor Toshiro Mutoh said.

Japan to slash tax revenue forecast as trade war hits exports - source

11 Dec 2019

TOKYO Japan will slash its tax revenue estimate for the current fiscal year by more than 2 trillion yen (14 billion pounds) from its initial target, a government source told Reuters, as a slump in exports caused by the Sino-U.S. trade war hits receipts.

Japan preparing $120 billion stimulus package to bolster fragile economy

03 Dec 2019

TOKYO Japan is preparing an economic stimulus package worth $120 billion to support fragile growth, two government officials with direct knowledge of the matter said on Tuesday, and complicating government efforts to fix public finances. | Video

Japan ruling party piles pressure on government for big fiscal spending

27 Nov 2019

TOKYO Japan's ruling party lawmakers on Wednesday piled pressure on the government to compile a big spending package, increasing the chance fiscal policy could play a bigger role in sustaining a fragile economic recovery with the risk of more debt issuance.

Japan's ruling bloc calls for $92 bilion fiscal package to support growth

21 Nov 2019

TOKYO Japan's ruling coalition has called for an extra budget including $92 billion (£71 billion) in spending to revive slowing growth, party officials said on Thursday, raising concerns among analysts about the strain this would put on the already heavily indebted economy.

Japan's Abe tells cabinet to compile stimulus package to support economy

08 Nov 2019

TOKYO Japanese Prime Minister Shinzo Abe asked his cabinet on Friday to compile a package of stimulus measures to support the economy and build infrastructure to cope with large natural disasters, the government's top spokesman said.

Japan economy minister says ready to help small businesses once U.S. trade deal finalised

19 Sep 2019

TOKYO Japanese Economy Minister Yasutoshi Nishimura said on Thursday that the government was prepared to help small businesses and farms depending on the outcome of trade talks with the United States, expected to be finalised and signed next week.

Japan to nominate ex-top currency diplomat Asakawa as ADB head: sources

17 Sep 2019

TOKYO Japan is expected to nominate Masatsugu Asakawa, the country's former top currency diplomat, as its candidate to become the next head of the Asian Development Bank (ADB), two people familiar with the matter said.

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