Fumio

Japan Strengthens Relations with Trump Amid Domestic Political Turmoil

6 days ago

In a notable diplomatic move, Japan is solidifying its ties with former President Donald Trump, despite the absence of its troubled Prime Minister, Fumio Kishida, during significant engagements. This development comes at a time when Kishida's government is facing mounting criticism back home over various issues, including economic challenges and public discontent.

Japan’s Cabinet Set to Greenlight $92 Billion Supplementary Budget to Boost Economy

26 days ago

In a strategic move aimed at bolstering Japan's economy, the nation's cabinet is preparing to approve a substantial supplementary budget amounting to 13 trillion yen, which translates to approximately $92 billion. This decision, as reported by NHK, reflects the government's commitment to addressing economic challenges exacerbated by rising inflation and a slowing global economy.

Japan Faces Pivotal Election: LDP Struggles to Maintain Power Amidst Tight Competition

2 months ago

Japan is gearing up for a crucial election that could significantly alter the political landscape of the nation. As the ruling Liberal Democratic Party (LDP) braces itself for what is anticipated to be the closest electoral showdown in years, the stakes are exceptionally high for Prime Minister Fumio Kishida and his administration.

Japan's Ruling Coalition Faces Troubling Polls, Impacting BOJ's Interest Rate Strategy

2 months ago

Recent polling data has raised alarms for Japan’s ruling coalition, led by Prime Minister Fumio Kishida, as it shows a notable drop in public support. This decline in favorability could significantly affect the Bank of Japan's (BOJ) approach to monetary policy, particularly concerning interest rates. The shifting sentiments in public opinion come as Japan grapples with various economic challenges, including inflation and global market fluctuations.

Tokyo Inflation Cools as Government Resumes Energy Subsidies

3 months ago

The latest development on the economic front is that, thanks to its restarting of energy subsidies under the Japanese government, Tokyo has started to indicate that it is cooling off in terms of its rate of inflation. This was part of the current government's agenda to tame the surging cost of living that had been biting into household budgets across the country.