To fund part of the spending, the government will compile a supplementary budget for the current fiscal year of 13.1 trillion yen, Kishida told reporters.
Inflation, fuelled by rising costs of raw materials, has kept above the central bank's target of 2 per cent for more than a year, weighing on consumption and clouding the outlook for an economy making a delayed recovery from scars left by COVID-19.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Japan train hits bear, leaving passengers stranded overnightTOKYO - Eight people spent the night in an unheated train in chilly northern Japan after the vehicle hit a bear, the authorities said on Wednesday, as the country grapples with a rise in bear-related incidents. The number of bear attacks on people is sharply higher this...
Source: thenewpaper - 🏆 7. / 63 Read more »
Japan's MUFG hikes rate on long-term deposits for first time in 12 yearsTOKYO : MUFG Bank said on Wednesday it would raise interest rates on 10-year yen deposits for the first time since 2011, showing that Japan's top lender is reckoning with an inflection point as the economy approaches policy normalisation.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
China, Japan coast guards face off again near disputed islandsAt least half a dozen ships were involved in this latest flare-up. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Samurai trash collectors clean Tokyo streets after Halloween revelsTOKYO - Trash collectors in samurai costumes took to Tokyo's streets on Wednesday, theatrically wielding garbage tongs and flicking litter left from an evening of Halloween revelry into wicker baskets on their backs. Dressed in hats and boldly patterned black-and-white...
Source: thenewpaper - 🏆 7. / 63 Read more »
Japan's Astellas halves profit forecast after Iveric purchaseTOKYO : Japan's Astellas Pharma cut its full-year profit forecast by more than half on Wednesday, citing effects from its largest ever acquisition and generic drug competition.The company, Japan's third-biggest drugmaker by sales, now expects full-year operating profit of 123 billion yen ($813.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Marketmind: Japan's dramatic FX, bond market divergenceA look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »