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Japan's Kishida to Outline Economic Support Steps Next Week

(Bloomberg) Prime Minister Fumio Kishida is set to sketch out promised economic measures early next week, a move that comes as polls show voters are dissatisfied with the steps he’s taken so far to alleviate the pain of rising prices partly fueled by weakness in the yen.Most Read from BloombergPassalacqua in Italy’s Lake Como Is Named Best Hotel in the WorldVegas’ Newest Resort Is a $3.7 Billion Palace, 23 Years in the Making‘Dead Space’ Co-Creator Departs Startup After Newest Game FlopsFed S ....

New York , United States , Yuko Takeo , Bloomberg Businessweek , Fumio Kishida , Democratic Party , United Nations , Minister Fumio Kishida , Japan Voters Unhappy With , Liberal Democratic Party , Bank Of Japan , Japans Economy , Economic Situation , Economic Measures ,

Goldman Strategists Raise Forecasts for Japanese Shares on Stable Yen View

(Bloomberg) Goldman Sachs Group Inc. strategists raised their forecasts for Japanese shares to reflect updated assumptions that the yen likely won’t strengthen much in coming months.Most Read from BloombergMGM Resorts Hackers Broke In After Tricking IT Service DeskHow Auto Executives Misread the UAW Ahead of Historic StrikeEurope Is Better Prepared If Trump Wins Again, Germany’s Baerbock SaysUS, Chinese Officials Meet in Malta in Bid to Keep Channels OpenHouse Republicans Prepare to Turn US G ....

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Japan's economy rebounds on healthy consumption as COVID restrictions ease, tourists arrive

Japan’s economy grew at an annual pace of 1.6% in the quarter through March as private demand rebounded after COVID-19-related restrictions were eased, according to data released Wednesday. Real gross domestic product, which measures the sum value of a nation’s products and services, grew 0.4% in January-March on-quarter in the world’s third largest economy, the government Cabinet Office said. The biggest contributor to growth was private demand, surging an annual 3.1%, with consumer spending an ....

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BOJ Stands Pat, Ups Growth View While Cutting Price Forecast

(Bloomberg) Haruhiko Kuroda will fail to reach his goal of stable 2% price growth during his term after what will have been more than a decade of stimulus to stoke inflation, according to the Bank of Japan’s latest forecasts.Even with an economy expected to show a faster recovery from the pandemic, a slew of rising commodity costs and global expectations for accelerating inflation, the Bank of Japan still couldn’t find enough positive factors to see price growth averaging 2% by the end of March 2024.The BOJ released the latest projections after leaving unchanged its interest rate and asset purchase settings, as had been widely expected. While the bank now sees stronger economic growth of 4% in the year started April and 2.4% the following year, it cut its inflation forecast for the current fiscal year to just 0.1%, citing cheaper mobile phone bills.The latest projections lay bare the challenge the central bank faces to complete a mission Kuroda initially hoped to achiev ....

Haruhiko Kuroda , Japans Economy , Price Growth , Inflation Goal , Yoshihide Suga , Global Expectations ,

Japan's factory mood turns positive for first time since 2019


Japan s factory mood turns positive for first time since 2019
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Last Updated: Feb 17, 2021, 08:42 AM IST
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Synopsis
While the Reuters Tankan showed overall sentiment was expected to recover over the coming three months, respondents were on guard for further blows to demand, especially for the hard-hit consumer sector.
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TOKYO: Sentiment among Japanese manufacturers turned positive in February for the first time since mid-2019, the Reuters Tankan poll found, lifted by improving overseas demand though caution about the ongoing fallout from the coronavirus persisted.
The monthly poll, which tracks the Bank of Japan s (BOJ) closely watched tankan quarterly survey, found non-manufacturers confidence remained gloomy as pandemic measures covering Tokyo and other cities hit consumers and some firms hard. ....

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