, Japan

Japan unveils fresh fiscal stimulus

0.1% GDP stimulus "larger-than-expected," says BBVA.

"Japan's government approved a larger-than-expected, although still modest, fiscal stimulus package of subsidies and grants worth 0.1% of GDP to help offset an expected economic contraction in the second half of this year. The package will be financed with funds in the budget reserve to avoid new debt issuance given Japan’s extremely high public debt level," said BBVA.

BBVA further noted how Japan's inflation fell for a fifth straight month, by -0.3% y/y (consensus: -0.4% y/y) in September, which force the hand of Japan's central bank to act this month.

"Persistent deflation is adding to pressure on the BoJ to ease policy further at its next policy meeting on October 30, given its 1% inflation target," said BBVA.

Join Singapore Business Review community
Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Top News

iFAST debuts as ETF issuer with four SGX listings
They offer exposure to Japanese, South Korean, and Taiwanese stocks.The Singapore Exchange (SGX) has listed four iFAST Xtrackers UCITS exchange-traded funds (ETFs) on 22 October, giving investors access to the equity markets of Japan, South Korea, and Taiwan.
Markets