Japan vigilant to market moves, will focus on boosting economy, PM Takaichi says
5 Articles
5 Articles
Prime Minister Sanae Takaichi indicated at the House of Representatives Finance Committee meeting on the 6th that the increased profits from the Bank of Japan's accelerated sale of exchange-traded funds (ETFs) would be used to fund the redemption of government bonds aimed at strengthening economic security. This would provide the backing for "bridging bonds," which have a predetermined source of repayment…
Japanese Prime Minister Sanae Takaichi wants to use increased revenue from the Bank of Japan's sales of exchange-traded funds, or ETFs, to finance investments in strategically important sectors, she told parliament on Friday, Bloomberg News reports.
Tokyo – On Friday, Japanese Prime Minister Sanae Takaichi announced plans to use proceeds from the sale of the central bank's exchange-traded funds (ETFs) to fund key investment projects as the AI market crisis threatens to undermine tax revenues. She said the government is closely monitoring the sales, as analysts warn that continued market weakness could impact the economy and hinder the Bank of Japan's phased tightening plan. “We are particul…
On the 6th, amid a sharp decline in the Nikkei Stock Average, Prime Minister Sanae Takaichi, in response to a question about market movements before the House of Representatives Finance Committee, stated, "We will strengthen the Japanese economy by implementing our strengths in technology into society and connect it to Japan's economic growth." Takaichi's response came around 9:30 a.m., as the Nikkei Stock Average fell below 60,000 for the first…
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