Trading news

Japan increases budget on quakes

Japan's government aims to increase the budget, around $7.15 billion or 778 billion yen, for reconstructing or restructuring the southern area of the nation, amid the earthquakes' recent hit.

In Kyushu, a southern island in Japan, the earthquakes damaged around 5,000 homes and killed 50 people.

Japan's extra budget effective as of April

Commencing April, the extra budget will fund reconstruction, temporary housing, and other related restructuring actions.

The lower interest costs, amid the BOJ's negative interest rate policy adoptions, will finance the budget without the need of issuing additional bonds.

Moreover, the approval of this budget will likely take place on May 13, by Shinzo Abe, Prime Minister, and by the parliament on May 17.







Read More

Tuesday, 10 May, 2016 / 7:48

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source : https://www.argusfx.com/en/research-education/market-analysis/news/japan-increases-budget-on-quakes

Trading news

 

Will the ECB disturb the waters?

· ECB unlikely to rock euro – resilient economy vs higher yields [...]

Posted on Thursday, 22 Apr, 2021 / 9:50 under

VERIZON SHARES SLIDE EVEN AFTER UPBEAT PROFIT

Verizon reported a strong start to the year, with a solid operational [...]

Posted on Thursday, 22 Apr, 2021 / 8:06 under

Can the Bank of Canada pull off a ‘cautious’ tapering?

· Bank of Canada likely to scale down its vast QE program today [...]

Posted on Wednesday, 21 Apr, 2021 / 9:16 under