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Japan’s state budget for the fiscal year, which begins April 1, 2019 and ends March 31, 2020, for the first time in country's history exceeded 100 trillion yen. The Kyodo agency reported that the state budget was adopted by the Upper House of the Japanese Parliament at the level of 101 trillion 460 billion yen. Against the backdrop of the aging process of the Japanese population, social insurance spending will reach a record value of 34 trillion 600 billion yen. The budget also provides for a record defense spending in the amount of 5 trillion 260 billion yen. For the new fiscal year, the acquisition of the Aegis Ashore anti-missile systems is planned, as well as their placement in the north-west of the country because of tensions in the Korean Peninsula in 2017 due to ballistic missile tests of North Korea.
Japan’s Finance Minister Taro Aso expressed worries about the yen’s continual rise, calling it “rapid” and hinting at the strong currency’s impact on exports as Japan struggles through a recession. The yen’s ...
June had seen Japan’s industrial output breaking its four-month slump. The recuperation could be attributed to a modest recovery seen in broader business and consumer activity after the world’s third-biggest economy suffered from ...
On Monday, Remington Arms Co. filed for bankruptcy protection for the second time since 2018 as the U.S. firearms manufacturer faced financial difficulties due to gun sales restrictions. According to the court filing, the company filed for ...
Japan’s first-quarter business spending came smaller than what was initially estimated, revised data showed on Monday. This underscored a sharper damage that the novel coronavirus pandemic had inflicted on the world’s third-biggest ...
The U.S. Federal Reserve eased another $2 million in emergency loans this week to help struggling U.S. businesses amid the recession. The Fed’s overall asset portfolio reported growth for the second week, holding above $7 trillion. The ...
KYC Policy