SEOUL: South Korean President-elect Yoon Suk-yeol’s decision to use the country’s gender wars as a campaign platform for his successful election earlier this month may have backfired.Yoon, who won an unprecedented close election on March 9, had pledged to abolish the government’s gender ministry, a pledge that helped engage young …
Read More »Last war in Ukraine: Zelensky pleads with Biden for a no-fly zone or fighter jets
Boris Johnson, the British Prime Minister, began a day-long visit to the energy powers of the United Arab Emirates and Saudi Arabia on Wednesday, exploring “other potential measures to increase oil production”. He said he was trying to build an international coalition to deal with the consequences of Vladimir Putin’s …
Read More »Japan loan: IRFC to raise $1.10 billion via yen-denominated offshore loan ahead of Japanese Prime Minister’s visit
Indian Railways Finance Corp (IRFC) is set to raise $1.1 billion (about 130 billion yen, or Rs 8,440 crore) through a syndicated yen-denominated offshore loan, three people close to ET have told folder. Japanese lenders Mizuho Bank, MUFG and Sumitomo Mitsui Banking Corp (SMBC) are expected to sign an agreement …
Read More »Imran Khan should not have reacted publicly against the EU, says Pakistani Finance Minister Tarin
NNA | Update: March 10, 2022 8:07 p.m. STI Islamabad [Pakistan]Mar 10 (ANI): Finance Minister Shaukat Tarin said on Wednesday that Prime Minister Imran Khan should not have reacted “publicly” against the European Union in his recent speech where he lambasted the bloc’s ambassadors for asking in Pakistan to condemn …
Read More »US Treasury official details Russia sanctions
Western leaders are warning that Russia has set in motion its plan to launch a full invasion of Ukraine, while announcing the first round of sanctions against Moscow. President Joe Biden described the unfolding events in Ukraine as “the start of a Russian invasion”, as he unveiled tough new measures …
Read More »World Summit ends with a million rallies of hope and renewed calls for unity on the Korean Peninsula
The Summit attracted participants from some 160 nations Washington, DC, Feb. 22, 2022 (GLOBE NEWSWIRE) — FOR IMMEDIATE RELEASE World Summit ends with a million rallies of hope and renewed calls for unity on the Korean Peninsula The 2022 World Summit (Korean Peninsula Peace Summit) ended with global encouragement, practical …
Read More »Vietnamese Foreign Minister meets with Speaker of South Korean Parliament, Deputy Prime Minister
February 14, 2022 SEOUL – Vietnamese Foreign Minister Bùi Thanh Sơn met with Speaker of the National Assembly of the Republic of Korea (RoK) Park Byeong-seug and Deputy Prime Minister and Minister of Economy and Finance of the Republic of Korea Hong Nam-ki in Seoul on February 11. President Park …
Read More »Lower hospitalizations in the United States; Austrian Experience: Virus Update
(Bloomberg) – U.S. hospital admissions for Covid-19 are falling in 34 states and the nation’s capital, easing healthcare staffing crises that were widespread at the start of the year. Bloomberg’s Most Read New studies are emerging that suggest the latest version of omicron spreads even faster than the original, and …
Read More »Cash-strapped Pakistan seeks $3 billion loan from China
Cash-strapped Pakistan is seeking a $3 billion (PKR 529 billion) loan from China and investments in half a dozen sectors during Prime Minister Imran Khan’s visit to Beijing last week. next week, according to a news report published Sunday. Khan will travel to the Chinese capital on …
Read More »FirstFT: Blinken warns of ‘Russian playbook’ to destabilize Kyiv
Hello. This article is an on-site version of our FirstFT newsletter. Subscribe to our Asia, Europe/Africa Where Americas edition to send it straight to your inbox every morning of the week The United States said Moscow’s efforts to destabilize Ukraine were “part of the Russian playbook” after the United Kingdom …
Read More »Japan expands virus restrictions as omicron sweeps through cities | world news
TOKYO (AP) — Restaurants and bars will close early in Tokyo and a dozen other parts of Japan starting Friday as the country expands COVID-19 restrictions due to the omicron variant causing an increase in cases in metropolitan areas. The restraint, which is something of a pre-state of emergency, is …
Read More »Investors seek safe havens as Omicron expands into Asia
(Bloomberg) – The threat of the omicron variant is becoming real for many of Asia’s biggest countries, just as it looks set to ease in some Western countries, making it harder for investors to find winning bets on actions in the region. Bloomberg’s Most Read The problem is that Asian …
Read More »Thailand Offers Free COVID-19 Testing Service at Government Complex
The test center at the government complex will include antigen test kits (ATK) that can give results in 30 minutes. The Department of Public Health has announced the opening of a new COVID-19 testing center, which will only operate on weekdays from Tuesday January 11 to January 21. The move …
Read More »Will Biden’s foreign policy failures in 2021 reverberate in 2022?
From a national security perspective, Americans won’t fondly remember 2021. Self-inflicted injuries, delusional political goals, underestimated strategic threats, and powerlessness in the face of immediate threats unfortunately characterized the Biden administration’s approach. Good news was scarce. But continuing a 61-year bipartisan tradition, Congress this year passed the $ 768 billion …
Read More »South China Sea Buddhism Roundtable 2021 opens in Shenzhen
The Shenzhen South China Sea Buddhism Roundtable 2021 was held in Shenzhen on December 9. South China Sea Buddhism Roundtable 2021 opens in Shenzhen The Shenzhen South China Sea Buddhism Roundtable 2021 was held in Shenzhen on December 9. The Shenzhen South China Sea Buddhism Roundtable 2021 was held in …
Read More »Turkish Erdogan loses support where he can least afford it
The anger sweeping the highways connecting the Turkish leader’s humble hometown to its lavish accommodations in Ankara’s presidential palace sends a red warning code to Recep Tayyip Erdogan. Tea growers, fishermen, small retailers, cafe staff and gas station attendants – some of the generally low-paid Turks and laborers who have …
Read More »Australia joins diplomatic boycott of Beijing Winter Olympics
(Bloomberg) – Australia to join US-led diplomatic boycott of the Beijing Winter Olympics to protest the country’s alleged human rights violations, in a bid to further worsen relations between the two countries. Bloomberg’s Most Read Prime Minister Scott Morrison’s decision makes Australia the first major country to follow the United …
Read More »South Korea defers crypto tax, looking for votes? – Bitcoinist.com
The Strategy and Finance Committee of the South Korean National Assembly has approved an amendment to defer to 2023 the imposition that imposes a 20% annual capital gains tax for crypto trading with more than 2 .5 million won (US $ 2,125) in revenue, just after the same tax was …
Read More »Bangladesh abounds with investment opportunities
Investment opportunities have opened up in Bangladesh for its competitive salaries, strategic location, stable policies, exchange rate and political situation, infrastructure development and huge youth population, said Ahmad Kaikaus, secretary principal of the Prime Minister. In line with its aspirations for higher growth, Bangladesh has set itself a target of …
Read More »Decoupling is the last thing on the minds of business leaders
November 27, 2021 IF YOU WANT To understand how Asia’s view of the world order has changed, consider the remarks of Lee Hsien Loong, Prime Minister of Singapore. When asked recently if China is on the rise and the United States is on the decline, he responded in a nuanced …
Read More »Vietnam has produced a new class of billionaire entrepreneurs
TIT ECONOMICAL Vietnam’s development now has a permanent monument in one of the world’s most prestigious learning locations. After a $ 207 million investment announced earlier this month by Sovico, a Vietnamese holding company, Oxford University’s Linacre College (for graduate students) is set to be renamed in honor of Nguyen …
Read More »Latest information on the global spread of the coronavirus
The resurgence of the coronavirus in Germany, Denmark and the Netherlands has warned the world that the pandemic has yet to be suppressed. Here are the latest developments. EUROPE * Germany’s health minister called for new restrictions to contain a “dramatic” increase in cases as the country’s infection rate hit …
Read More »India reaches out, Bimstec executives could attend Republic Day 2022
Efforts are underway to have the leaders of the Bay of Bengal Initiative for Multisectoral Technical and Economic Cooperation (Bimstec) countries in New Delhi for the Republic Day celebrations next year, learns. we. Besides India, the sub-regional group of seven countries includes Bangladesh, Myanmar, Sri Lanka, Thailand, Nepal and Bhutan. …
Read More »Japan joins ranks of oil consumers weighing inventory releases
(Bloomberg) – Japan plans to release oil from strategic stocks, joining China and the United States in a coalition of consumers who want to contain a surge in energy prices that has triggered higher inflation . Bloomberg’s Most Read “We are looking at measures we could act on, taking into …
Read More »The case of the oddly calm inflation rate
INFLATION ON THE RISE around the world, with price increases now exceeding central bank targets. but Japan is a notable resistance. Although policy makers have long sought to generate inflation, consumer prices still refuse to budge. In October, they only rose 0.1% year on year, and inflation, excluding fresh produce …
Read More »Finance Minister Simon Birmingham slams ‘dangerous and narrow’ pro-China remarks by former PM Paul Keating
Finance Minister Simon Birmingham blasted Labor heavyweight Paul Keating’s pro-China criticism of the Coalition’s Indo-Pacific defense decisions, calling his comments “frankly dangerous”. Former Labor Prime Minister Paul Keating’s scathing assessment of the Morrison government’s policy decisions in the Indo-Pacific was called short-term, narrow and dangerous by Finance Minister Simon Birmingham. …
Read More »5 key takeaways from the general election in Japan
Japanese Prime Minister Fumio Kishida defied expectations and won an important electoral mandate on October 31 in the general elections for the House of Representatives. Although his Liberal Democratic Party (LDP) was bracing for losses that could weaken its control over the 465-seat lower house of the National Diet, the …
Read More »How a Chinese billionaire flew near the sun
By Julie Zhu and Kane Wu HONG KONG (Reuters) – It was supposed to be Jack Ma’s best hour: a year ago to the day, his group Ant was set to go public in a $ 37 billion torch of glory. Instead, Beijing has put the brakes on its empire, …
Read More »China increasingly isolates itself as South Korea, Japan and Thailand start living with Covid-19
On Tuesday, the northwestern city of Lanzhou, with a population of more than 4 million, entered quarantine after only six new daily cases of Covid-19 were reported there. To date, Lanzhou has registered 68 cases related to the latest outbreak. And that approach looks set to stay, at least for …
Read More »UPDATE 1-Japan votes in test for new Prime Minister Kishida, political stability
(add details) By Sakura Murakami and Elaine Lies TOKYO, Oct.31 (Reuters) – Japanese voters went to the polls on Sunday to decide whether to back the conservative government of Prime Minister Fumio Kishida or weaken the new prime minister and possibly bring the world’s third largest economy back to a …
Read More »Thai authorities indict company for selling used medical gloves after CNN investigation
Thai Food and Drug Administration Deputy Chief Supattra Boonserm said Paddy the Room Trading Company faces eight charges related to producing medical supplies without permission from Thai regulators. The company negotiated deals with US companies to supply millions of dollars worth of medical-grade nitrile gloves, but instead sent lower-quality vinyl …
Read More »Will the new Japanese prime minister continue to reform corporate governance?
KISHIDA FUMIO, the new Japanese Prime Minister, has expressed no opposition to Abe Shinzo’s corporate governance reforms. His predecessor’s efforts to make Japanese companies focus more on shareholder returns and less beholden to insider management were at the heart of his economic reforms. But Mr. Kishida hasn’t said much in …
Read More »Peruvian finance minister says there is ultimately no question of nationalizing the gas sector
LIMA, October 27 (Reuters) – Peru’s finance minister said on Wednesday that the country’s left-wing government has no plans to take over the natural gas industry, in a bid to allay fears after the president Pedro Castillo spoke about nationalization earlier in the week. “Nationalizing the gas (sector) means putting …
Read More »INTERVIEW: Using “Taiwan” in CPTPP, says former minister
Nation must break with archaic naming conventions and use “Taiwan” in the Comprehensive and Progressive Agreement on Trans-Pacific Partnership (CPTPP), said former finance minister and the country’s first ambassador to the WTO Yen Ching -chang. ‘Liberty Times’ (sister newspaper of the ‘Taipei Times’). He spoke about the history of Taiwan’s …
Read More »Japanese Foreign Minister calls on US to join CPTPP
TOKYO – Japanese Foreign Minister called on the United States to support stability in the Indo-Pacific region by joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), following China’s recent decision to enter into the trade pact. “It is important that the United States engage in the creation of …
Read More »The slide in poverty can be stopped
Covid-19 will be gone as an immediate threat in a few years. However, its effect will last longer. Governments around the world, including Thailand, will face enormous challenges in trying to fund the economic stimulus package that will be needed when countries get back on their feet. The latest United …
Read More »G-20 CFOs back landmark tax deal, vow to act against inflation
The chief financial officers of the Group of 20 major economies on Wednesday approved a 15% global minimum corporate tax rate and other new rules to fight tax evasion by IT giants, while promising to ” act as necessary in the face of rising inflation rates amidst supply disruptions due …
Read More »Thai baht, travel stocks rise as nation eases tourism restrictions
(Bloomberg) – The Thai baht has recovered the most since August, as an easing of travel requirements for vaccinated visitors brightened the outlook for the tourism-dependent economy. Bloomberg’s Most Read The baht jumped 1.4% to 33.426, the biggest gain since August 24. Visitors from 10 low-risk countries will not be …
Read More »Latest news: US, Taliban discuss aid and human rights
Chinese developer requests extension of bond period William Langley in Hong Kong Another Chinese developer has said it may struggle to meet a bond repayment deadline, as it has announced it will seek to delay repayment of a $ 250 million bond for three months, adding to fears that the …
Read More »Japan’s new finance minister Suzuki warns against brutal yen moves
TOKYO, Oct. 7 (Reuters) – Japan’s Finance Minister Shunichi Suzuki on Thursday warned of any sudden currency movements, saying he was closely monitoring the forex market as the yen hovered near its lowest 18 months against the dollar. The new finance minister made the comment when asked about the recent …
Read More »UAE Central Bank to bring together world leaders to explore future of finance
Central bank governors, industry leaders and heads of financial and technological institutions from around the world will meet in Dubai next week to discuss the future of finance at a conference hosted by the Central Bank of the United Arab Emirates. The two-day event – Future of Finance – will …
Read More »Latest Updates: Evergrande Real Estate Services Unit Says It Is Waiting For A Takeover Offer
Fumio Kishida was named the 100th Prime Minister of Japan as he prepared to form a government focused on tackling growing threats to China’s economy and national security. Kishida won a hotly contested four-man race to succeed Yoshihide Suga last week as agents of power within the ruling Liberal Democrats …
Read More »Next Japanese Prime Minister Kishida to Create Minister of Economic Security to Counter China
Future Japanese Prime Minister Fumio Kishida plans to create a new ministerial post for economic security in a veiled counterattack to China’s alleged theft of technology, sources familiar with the matter said on Saturday. Kishida, who will launch his cabinet after being elected prime minister at the start of an …
Read More »Japan’s new prime minister to retain defense and education ministers – report
TOKYO, October 2 (Reuters) – Japan’s new Prime Minister Fumio Kishida is expected to keep current Defense Minister Nobuo Kishi and current Education Minister Koichi Hagiuda in his cabinet, the Mainichi newspaper reported. Kishi, 62, and Hagiuda, 58, are both part of the Hosoda faction of the ruling Liberal Democratic …
Read More »Kim Yo-jong, sister of North Korean dictator Kim Jong-un, expands her power and leadership ambition
A character that we knew nothing about a few years ago is quickly becoming the most powerful woman in the world – and potentially very dangerous. Not so long ago, even the most staunch observers of North Korean politics knew little or nothing about Kim Yo-jong. Dictator Kim Jong-un’s sister …
Read More »Thailand to rely more on bonds to close $ 68 billion funding gap
(Bloomberg) – Thailand plans to dramatically increase the share of long-term sovereign bonds to meet its financing needs as Southeast Asia’s second-largest economy continues to suffer from the coronavirus pandemic. Bloomberg’s Most Read Bonds will account for 48% to 56% of government borrowing of 2.3 trillion baht ($ 68.4 billion) …
Read More »The FOREX-Dollar reaches its highest level in a year; The impact of the US debt ceiling is mitigated
* The dollar rises against the yen to the highest since February 2020 * The euro falls to the lowest since late July 2020 * The US government shutdown looms as the debt ceiling deadlock is not resolved * Global Central Bankers Monitor Inflation (Add New Commentary, Central Bankers Comments, …
Read More »New Japanese Prime Minister Kishida to Maintain Strong Fiscal and Monetary Support
By Leika Kihara TOKYO (Reuters) – Japan’s struggle to emerge from the pandemic-induced doldrums will leave the next Prime Minister Fumio Kishida with no choice but to maintain massive fiscal and monetary support for a fragile economy. But Kishida could gradually shed the legacy of former Prime Minister Shinzo Abe’s …
Read More »What investors should look for when the next Japanese prime minister votes
(Bloomberg) – Japan is known to conduct much of its political wrangling behind closed doors, often making business leadership contests dull. Wednesday’s vote to choose the next leader of the Liberal Democratic Party, who is expected to become prime minister, looks like a rare exception. Bloomberg’s Most Read Traders will …
Read More »Authorities crack down on fraudulent SMS
BANGKOK: Ministry of Digital Economy and Society, Telecommunications Regulator, and Police are now cracking down on illegal gambling and fraudulent lending websites, as well as their SMS invitations sent to general phone users . The parties concerned are now invited to block the sending of these messages or face sanctions …
Read More »Huawei CFO Meng Wanzhou leaves Canada for China
(Bloomberg) – Almost three years after her arrest at a Vancouver airport, Huawei Technologies Co. financial director Meng Wanzhou left Canada on a flight to China on Friday afternoon, according to a person familiar with the matter. Bloomberg’s Most Read Meng, who had struck a deal to end the U.S. …
Read More »UPDATE 1-The “Quad” meets at the White House as China watches warily
(Updates with Biden, Modi meeting) By Steve Holland, David Brunnstrom, Nandita Bose and Michael Martina WASHINGTON, Sept.24 (Reuters) – Leaders from the United States, Japan, India and Australia gathered on Friday for a summit that is expected to advance COVID vaccines, infrastructure and technology cooperation -19. The first face-to-face meeting …
Read More »38 days to step up: will Australia help on the climate or continue to hinder?
IN ONE WEEK, as Australia’s international counterparts made significant new climate commitments, Australia continues to hamper global efforts, according to the Climate Council. “Over the past week, the United States has pledged billions of dollars in new climate finance for developing countries, and China has announced it will stop funding …
Read More »Federal Reserve plans to hike rates in 2022
This is an audio transcript of the FT News Briefing podcast episode: Federal Reserve plans to hike rates in 2022 Marc FilippinoHello from the Financial Times. Today is Thursday, September 23. And this is your FT News Briefing. [MUSIC PLAYING] The Federal Reserve’s timetable for raising interest rates appears to …
Read More »(Korea Herald EDITORIAL September 23)
Undue sufferingRelieving the hardships of young adults does not require sympathetic rhetoric, but a change in policy In his speech to mark the country’s Youth Day last week, Prime Minister Kim Boo-kyum expressed deep sympathy for the increasingly difficult situation facing many young South Korean adults. He said he could …
Read More »Kuroda of the BOJ reaffirms the need for a policy mix before the leaders’ vote
(Bloomberg) – Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Bloomberg’s Most Read Bank of Japan Governor Haruhiko Kuroda has reaffirmed the importance of a concerted policy mix that supports the economy, ahead of a key ruling party election that will almost …
Read More »Japan’s finance minister says it may take longer to reach budget target
TOKYO, Sept.21 (Reuters) – Japan may need more time to meet its budget target of achieving a surplus in its primary balance by fiscal year 2025, Finance Minister Taro Aso said on Tuesday. by refraining from abandoning this elusive goal. Some candidates in the ruling Liberal Democratic Party (LDP) leadership …
Read More »This stock market beats the United States, China, United Kingdom, Europe and Japan. | Personal Finances | Finance
Everyone loves Indian summer, especially investors, and many are cramming into the country’s scorching stock market. Indian stocks have risen 53.70% in past 12 months, according to MSCI. Investors are making a fortune. The Indian stock market is ahead of China, where stocks fell 5% in the year ending Aug.31. …
Read More »UPDATE 2-Japanese Prime Minister’s Candidates Deny Watering Down Opinions on Hot Issues to Get Votes
(Add the latest media poll) By Ju-min Park and Leika Kihara TOKYO, Sept. 18 (Reuters) – Two of the candidates vying for the next prime minister of Japan on Saturday denied toning down their positions on nuclear power and gender issues to gain Tory support in a close election to …
Read More »UPDATE 7-Neighbors condemn ‘scandalous’ N.Korea ballistic missile test
* The launch takes place a few days after the test of the “strategic” cruise missile * Japan condemns ‘scandalous’ test as threat to peace * The launch coincides with the meeting between Chinese and South Korean Formins * US calls destabilizing testing but no immediate threat (updates with comment …
Read More »All eyes on U.S. jobs data for clues on the Fed’s direction
Recap: US equity futures rose yesterday as European markets were mixed as investors watched key Eurozone economic indicators and waited for a US jobs report that could determine when the Federal Reserve will begin to close. withdraw its economic stimulus. Most Asia-Pacific stocks edged up while Chinese stocks declined amid …
Read More »Japan to promote green finance with common platform and scenario analyzes
A man wearing a protective mask walks past the Bank of Japan headquarters amid the coronavirus disease (COVID-19) outbreak in Tokyo, Japan, May 22, 2020.REUTERS / Kim Kyung-Hoon / File Photo FSA and BOJ to conduct scenario analyzes on banks and insurers FSA to work with Japanese stock exchange on …
Read More »South Korea abolishes controversial gambling closure law
South Korea has abolished its closure law. In this 2020 photo, a gamer from Seoul, South Korea plays on a then newly purchased PlayStation 5. After ten years, South Korea banned its “shutdown law” which prohibited children under the age of sixteen from playing video games for six hours after …
Read More »Goldman Sachs and BofA see decade lost for emerging markets
(Bloomberg) – High commodity prices and earnings growth expectations trigger bullish bets on emerging market stocks after more than a decade of underperformance that has left them near a 20-year low by in relation to the actions of developed countries. Goldman Sachs Group Inc., Bank of America Corp. and Lazard …
Read More »Japan COVID cases hit 1 million as infections spread beyond Tokyo
TOKYO, Aug.6 (Reuters) – Japan hit a milestone of one million coronavirus cases on Friday, national media reported, as infections rose in the Olympic host from Tokyo to other urban areas and the country is grappling with an unprecedented rate of spread of the Delta variant. A driver for Finance …
Read More »Covid-19 outbreaks leave Southeast Asia with little policy space
July 24, 2021 THEAST YEAR Many countries in Southeast Asia have been praised for avoiding large epidemics of covid-19, even though they saw a sharp decline in production. They did not come out unscathed this year. While widespread vaccination can limit the spread and severity of the Delta variant across …
Read More »A Two-Cover Story: Japan’s Taiwan Message Gets U.S. Attention
NEW YORK – Gone are the plum blossoms and the image of Mount Fuji against a calm pink background from last year. A fully armored samurai warrior mounted on a charging steed is sported on the cover of Japan’s Defense White Paper this year, and people are taking note of …
Read More »We live in Guyana and not in North Korea where the leader is supreme
Mr. Editor, Flashback 2017! A lawyer, Anil Nanldall successfully represented Carvil Duncan, who was then Chairman of the Civil Service Commission and a member of the Police Services Commission, the Judicial Services Commission and the Educational Services Commission after the President David Granger created a tribunal recommended by the Judicial …
Read More »Stocks fall, Treasuries rise in a context of growth Caution: markets are enveloped
(Bloomberg) – Asian stocks and US futures fell on Monday amid concerns over the impact of the Covid-19 outbreaks and high inflation on the economic outlook. T-bills soared and oil slipped after an OPEC + supply deal. Stocks fell across the region, with Japan and Hong Kong underperforming. China opened …
Read More »UPDATE 2-Thai protesters clash with police near Government House
(Updates with end of protest, other details) By Vorasit Satienlerk and Juarawee Kittisilpa BANGKOK, July 18 (Reuters) – Police used tear gas, water cannons and rubber bullets to disperse protesters who tried to march on the office of Thai Prime Minister Prayuth Chan-ocha on Sunday to demand that he resigns …
Read More »Tokyo Stock Exchange chief defends Japan’s progress in corporate governance
Tokyo Stock Exchange chairman defended Japan’s progress on corporate governance following a high-profile scandal at Toshiba, dismissing accusations that the market overhaul scheduled for next year has been largely watered down . Hiromi Yamaji, who was appointed chief executive of TSE in April, told the Financial Times that investors should …
Read More »Japanese government ready to flexibly deploy economic stimulus, spokesperson says
TOKYO, July 11 (Reuters) – Japan is ready to pump more money into the economy to ease the pain of a protracted pandemic, the top government spokesperson said on Sunday, winking at growing political calls for further stimulus to support growth. Less than two weeks before hosting the Olympics, Tokyo …
Read More »Finance ministers meet in Venice to finalize global tax deal
“I think first of all this is an economic capitulation that other countries are happy to accept, as long as America makes itself so uncompetitive,” Brady said. “And second, I think there are too many competing interests here for them to finalize a deal that would be acceptable to Congress.” …
Read More »Japanese retailers prepare for spectatorless Olympics
TOKYO – Just two weeks away from the opening ceremony of the Summer Olympics, the host city is preparing to enter its fourth pandemic-related state of emergency. Still reeling from previous restrictions and the ongoing border closures, businesses, including bars, restaurants and department stores, are bracing for yet another blow. …
Read More »Kuroda critic warns BOJ have little leeway over stimulus exit
By Leika Kihara and Kentaro Sugiyama TOKYO (Reuters) – The Bank of Japan has little leeway on how and when to cut stimulus measures given the scale and sweeping nature of its policies, said Kunio Okina, an academic known as a outspoken criticism of Governor Haruhiko Kuroda’s monetary experiment. Missing …
Read More »China warns Japan against defending Taiwan
The Chinese Communist Party warns Japan that it will “dig its own grave” if the country sides with the United States in defending Taiwan in the event of an invasion – adding that Japan is “powerless against the Chinese military” . “Japan does not dare to face China alone. If …
Read More »Any Chinese invasion of Taiwan could trigger joint Japan-U.S. Defense: Deputy PM
A Chinese invasion of Taiwan could be an “existential threat” to Japan that would lead to a collective defense of the democratic island with the United States, the Japanese vice premier said. Taro Aso, who is also finance minister, made the remarks during a fundraising event in Tokyo on Monday, …
Read More »Fire at a chemical plant in Thailand; health problems remain
BANGKOK (AP) – Firefighters finally put out a blaze at a chemical plant just outside the Thai capital early Tuesday, more than 24 hours after it started with an explosion that damaged nearby homes and then spread let out a cloud of toxic smoke which caused a widespread evacuation. Little …
Read More »Japan’s ruling bloc suffers setback in Tokyo vote ahead of Olympics
(Bloomberg) – Japan’s ruling coalition failed to secure a majority in a Tokyo Assembly vote, dealing a blow to Prime Minister Yoshihide Suga, who is set to call a general election after the Olympics , which start in about three weeks. Suga’s Liberal Democratic Party, which previously had 25 seats …
Read More »Thailand virus outbreak sparks concerns over intensive care units and vaccine supply
BANGKOK (AP) – Thai health officials reported more than 6,200 new cases of COVID-19 on Saturday, setting a record for a third day in a row, as concerns grew over shortages of treatment facilities and vaccine supplies . Authorities also reported 41 deaths, bringing the total to 2,181. About 90% …
Read More »Prayut’s government stuck in a self-made trap
People get Covid vaccines on May 30 at CentralWorld. Spiraling infections and jab shortages can lead to political upheaval. VARUTH HIRUNYATHEB Thailand’s multi-layered crises, from persistent viral infections and vaccine shortages to economic damage, are turning into a potential political upheaval. The devastating Covid-19 crisis is worse than Tom Yum …
Read More »Japanese distillers flock to overseas markets with shochu
TOKYO – Japan shochu manufacturers are struggling to gain a foothold in overseas markets as they grapple with shrinking populations at home. Shochu, a traditional distilled liquor, is usually made from grains or potatoes. Distillers have been hit hard by the coronavirus pandemic, but their main long-term challenge – a …
Read More »[Contribution] Ministers call for a green and inclusive future at the OECD
Ko Hyoung-kwon is the Ambassador and Permanent Representative of Korea to the OECD. – Ed.The 2021 OECD Ministerial Council meeting, chaired by the United States with South Korea and Luxembourg as vice-chairs, was held from May 31 to June 1 under the theme “Shared values: building a green and inclusive …
Read More »Govt. reveals the land sale file by a regional manager
The Japanese government has disclosed a file left by an official in the regional office of the Ministry of Finance who committed suicide. The disclosure was in response to his widow’s request. The file is said to contain details of how the official was ordered to forge documents related to …
Read More »Thailand achieves better competitiveness rate
Traisuree: PM satisfied with the result Prime Minister Prayut Chan-o-cha is pleased with the improvement in the country’s competitiveness revealed by the World Competitiveness Center, said deputy government spokesperson Traisuree Taisaranakul. Fitch Ratings, meanwhile, maintained Thailand’s sovereign credit rating at BBB + despite the economic slump caused by the Covid-19 …
Read More »Turkey receives 5 million more doses of COVID-9 vaccine from Sinovac – Anadolu
ANKARA, June 19 (Reuters) – Turkey has received an additional 5 million doses of the COVID-19 vaccine developed by Chinese company Sinovac, state news agency Anadolu said on Saturday, as President Tayyip Erdogan expressed hope a rebound in the tourism sector. . Turkey’s vaccination program accelerated this week, with more …
Read More »Japan seeks to end Tokyo virus emergency one month ahead of Olympics
(Bloomberg) – The Japanese government has recommended ending the state of emergency for Tokyo, Osaka and other areas on June 20 as planned, as infections declined about a month before the country welcomed the Summer Olympics. Economy Minister Yasutoshi Nishimura, who is also in charge of Covid policy, said on …
Read More »Emerging Asia faces risk of capital flight as Fed announces rate hike
SINGAPORE – Capital has started to flow out of emerging Asian markets as coronavirus outbreaks slow the region’s economic recovery as investors consider the likelihood of an interest rate hike in the United States and Europe. International investors sold $ 500 million more stocks and bonds than they bought in …
Read More »Toshiba’s inflammatory report could finally change Japanese businesses
Over the past 17 weeks, the hit Japanese Sunday night show has dramatized the life of Eiichi Shibusawa, face of the new 10,000 Y banknote and “father of Japanese capitalism.” The show still has months to go, but we already know how it ends: Japan emerging from the 19th century …
Read More »G7 Summit: What must leaders do to save our rapidly warming planet?
Protesters dressed as Pikachus, a Mount Rushmore-inspired sculpture made entirely of e-waste and an army of hand-knitted Cornish pies. These are just a few of the shows awaiting world leaders as they arrive in Cornwall for the G7 summit this weekend. These are just a handful of protests aimed at …
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