BOJ Covid-19 

Japan’s household spending falls at record pace as virus stalls economy

By Administrator_India Capital Sands Japan’s household spending fell at the fastest pace on record in April as the coronavirus shut down travel and dining-out in the world’s third-largest economy, and prospects of higher job losses chilled consumer sentiment. The dismal number will keep policymakers under pressure to prevent a larger decline in the economy, which is expected to fall deeper into recession this quarter. Household spending tumbled 11.1% in April from a year earlier, government data showed on Friday, marking the fastest pace of decline since comparable data became available…

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BOJ Covid-19 

Japan eyes fresh $1.1 trillion stimulus to combat pandemic pain

By Administrator_India Capital Sands   Japan will compile a fresh stimulus package worth $1.1 trillion that will include a sizable amount of direct spending to cushion the economic blow from the coronavirus pandemic, a draft of the budget obtained by Analyst showed on Wednesday. The stimulus, which will be funded partly by a second extra budget, will be on top of a $1.1 trillion package already rolled out last month, putting the total amount Japan spends to combat the virus fallout at 234 trillion yen – roughly 40% of Japan’s…

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BOJ Covid-19 

Japan shares hit 10-week peak, S&P 500 tests 3,000

By Administrator_India Capital Sands   Asian shares forged ahead on Tuesday while U.S. stock futures challenged a major chart barrier as investors looked past Sino-U.S. trade tensions to more stimulus in China and a re-opening world economy. Japan’s Nikkei¬†led the way with a rise of 2% to its highest since early March when the economic impact of the coronavirus was just becoming clear. MSCI’s broadest index of Asia-Pacific shares outside Japan added 1.4%, while South Korea rose 1.1%. While Wall Street had been shut on Monday, E-Mini futures for the…

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BOJ Covid-19 

Kuroda says Bank of Japan will do ‘whatever it can’ to beat pandemic fallout

By Administrator_India Capital Sands   Bank of Japan Governor Haruhiko Kuroda said on Tuesday the central bank would do “whatever it can” to combat the growing fallout from the coronavirus pandemic, warning that a collapse in global activity would hamstring the economy. In a semi-annual testimony to parliament, Kuroda said the raft of monetary easing steps the central bank has taken so far is helping ease corporate funding strains and market jitters. But he warned the outlook for Japan’s economy was “highly uncertain” and dependent on when the pandemic is…

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