Search result for CABINET OFFICE
JAPAN’S ECONOMY SHRANK IN JAN-MARCH PERIOD BY 3.9 PERCENT
Highlights –
- Japan’s economy shrank in Jan-March period by 3.9 percent.
- Real gross domestic product contracted 1.0 percent from the previous quarter.
- Government spending dropped 1.1 percent.
- Capital expenditure decrea...
JAPAN GOVT. DOWNGRADED ECONOMIC ASSESSMENT AS CONSUMPTION DAMPENS
Highlights –
- Japan govt. downgraded economic assessment as consumption dampens.
- The extended state of emergency over the coronavirus pandemic has led to the downgrade assessment.
- Private consumption in April has shown a weak ton...
JAPAN’S ECONOMY FELL BY 4.6 PERCENT IN FY 2020 OVER PANDEMIC
Highlights –
- Japan’s economy fell by 4.6 percent in FY 2020 over pandemic.
- GDP in the January-March period shrank an annualized real 5.1 percent from the previous quarter.
- Exports of goods and services plummeted 10.4 percent.
JAPAN PASSES BILL TO TIGHTEN REGULATIONS ON FOREIGNERS PURCHASING LAND
Highlights –
- Japan passes bill to tighten regulations on foreigners purchasing land.
- Japan Cabinet approved a bill on the same on Friday.
- The government aims to turn the bill into law during the current Diet session through June. ...
JAPAN TO USE $20 BILLION TO SUPPORT BUSINESS & HOUSEHOLDS
Highlights –
- Japan to use $20 billion to support business & households.
- The funding includes 1.54 trillion yen for local authorities to aid restaurants and bars.
- 341.0 billion yen will be used to provide no-interest loans of up to...
JAPAN’S CORE PRIVATE SECTOR MACHINERY ORDERS FALL IN JAN. BY 4.5 PERCENT
Highlights –
- Japan’s core private sector machinery orders fall in Jan. by 4.5 percent.
- Machinery orders from manufacturers dropped 4.2 percent.
- Machinery orders from nonmanufacturers fell 8.9 percent to 474.38 billion yen. ...
JAPAN’S ECONOMY GREW 11.7 PERCENT IN OCT-DEC 2020
Highlights –
- Japan’s economy grew 11.7 percent in Oct-Dec 2020.
- The country’s real GDP expanded by a double-digit percentage for the 2nd quarter.
- Private consumption remained unchanged from rises of 2.2 percent.
JAPAN APPROVES RATIFICATION OF THE WORLD’S LARGEST FREE TRADE BILL
Highlights –
- Japan approves ratification of the world’s largest free trade bill.
- The trade deal was signed last year by 15 Asia-Pacific countries including China.
- The trade deal is said to eliminate tariffs on 91 percent of good...
JAPAN GOVT. WILL REVIEW LIFTING OF THE STATE OF EMERGENCY THIS WEEK
Highlights –
- Japan govt. will review lifting of the state of emergency this week.
- Tokyo reportedly has the highest number among the country's 47 prefectures.
- A state of emergency may be lifted if on seven-days an average of 500 ca...
JAPAN PM ANNOUNCES TO SPEND $11 BILLION FOR CORNAVIRUS SUBSIDIES
Highlights –
- Japan PM announces to spend $11 billion for coronavirus subsidies.
- The central govt. will disburse the money from reserve funds for fiscal 2020.
- Around 880.2 billion yen will be given to local municipalities to aid restau...
JAPAN'S ECONOMIC KEY INDEX FELL BY 1.2 POINTS IN DECEMBER 2020
Highlights –
- Japan's economic key index fell by 1.2 points in December 2020.
- The leading index of economic conditions declined 1.2 points to 94.9 in December.
- The economy reportedly had the largest fall in seven months in Dec...
JAPAN NPA TO USE A NEW SYSTEM OF ACCEPTING EMERGENCY CALLS WITH VIDEO
Highlights –
- Japan NPA to use a new system of accepting emergency calls with video.
- The police will be able to check the relay footage of crimes and accident scenes from their smartphones sent by the user.
- The Cabinet approved about $...
YOSHIHIDE SUGA VOWS TO BRING COVID-19 UNDER CONTROL; PUSH FORWARD WITH OLYMPICS
Highlights –
- Yoshihide Suga vows to bring COVID-19 under control; push forward with Olympics.
- Suga in his New Year’s speech thanked frontline health care workers for working to fight the coronavirus.
- Currently, the Tokyo Olympic...
ECONOMIC ASSESMENT BY JAPANESE GOVT. FOR DECEMBER REMAINS UNCHANGED
Highlights –
- Economic assessment by Japanese Govt. for December remains unchanged.
- The Cabinet Office reported the Japanese economy to be slowly picking up.
- The latest report upgraded its view on exports and imports.
- For th...
JAPAN CABINET OFFICE APPROVES DRAFT BUDGET FOR FISCAL 2021 WORTH $1.03 TRILLION
Highlights –
- Japan Cabinet Office approves draft budget for fiscal 2021 worth $1.03 trillion.
- The budget is said to be the largest ever for the ninth consecutive year.
- The new bond issuance will soar by 11.04 trillion yen from the cur...
JAPAN LIKELY TO EQUIP LONG-RANGE STANDOFF MISSILES IN TWO NEW AEGIS VESSELS
Highlights –
- Japan likely to equip long-range standoff missiles in two new Aegis vessels.
- The Cabinet Office on Friday approved the building of the two new vessels.
- The vessels are expected to take around eight years to be constructe...
JAPAN FORECASTS ECONOMIC GROWTH FOR FISCAL 2021 AT 4.0 PERCENT
Highlights –
- Japan forecasts economic growth for fiscal 2021 at 4.0 percent.
- A public spending policy package of $710 billion has been implemented by the Cabinet Office.
- The Cabinet Office estimated the country's GDP to likely shr...
JAPAN GOVT. REPORTS PLUNGE IN FOREIGN VISITORS BY 97.7% IN NOVEMBER
Highlights –
- Japan Govt. reports a plunge in foreign visitors by 97.7% in November.
- The estimated number declined to 56,700 from a year earlier for the 14th straight month.
- Japan reportedly received over 4.05 million...
JAPAN GOVERNMENT DEFENSE BUDGET TO BE AROUND $51.5 BILLION FOR FISCAL 2021
Highlights –
- Japan government's defense budget to be around $51.5 billion for fiscal 2021.
- The general account budget is said to top 100 trillion yen for the 3rd year straight.
- The Cabinet Office is expected to approve the draft b...
JAPAN CABINET APPROVES 3rd SUPPLEMENTARY BUDGET OF $210 BILLION FOR FISCAL 2020
Highlights –
- Japan Cabinet approves 3rd supplementary budget of $210 billion for fiscal 2020.
- A new national bond worth 22.40 trillion yen will be issued from the supplementary budget.
- Japan’s current fiscal year’s debt is...