Search result for Finance Ministry
Modi chairs meeting on Cryptocurrency, raises concerns about money laundering and terror financing
Prime Minister Narendra Modi conducted a meeting and discussed cryptocurrency, with government sources. It was strongly believed at the meet that cryptocurrency can mislead the youth by over-promising and non-transparent advertising.
Highlights
- Prime M...
JAPAN’S CURRENT ACCOUNT SURPLUS ROSE TO $12 BILLION IN APRIL
Highlights –
- Japan’s current account surplus rose to $12 billion in April.
- April saw a larger rise in exports than in imports in terms of value.
- Imports jumped 11.3 percent to 6.54 trillion yen.
- Primary income, gained...
JAPAN’S EXPORTS SAW LARGEST INCREASE BY 38% IN APRIL
Highlights –
- Japan’s exports saw largest increase by 38% in April.
- Exports of goods in April soared to 7.18 trillion yen.
- Imports rose 12.8 percent in April to 6.93 trillion yen.
- Exports to China grew 33.9 percent fro...
S. KOREA’S DOMESTIC DEMAND SHOWS IMPROVEMENT IN APRIL
Highlights –
- S. Korea’s domestic demand shows improvement in April.
- The country’s exports saw an increase of 41.1% on-year in April.
- In April, sales at department stores rose 26.8 percent on-year.
- The county rep...
JAPAN’S TRAVEL BALANCE FELL BY 89.2% IN FY 2020
Highlights –
- Japan’s travel balance fell by 89.2% in FY 2020.
- Japan’s travel surplus in 2020 fell 3.8% to 18.20 trillion yen from a year earlier.
- The service trade deficit stood at 3.73 trillion yen.
- Japan poste...
CORONAVIRUS PANDEMIC INCREASES JAPAN GOVT.’S DEBT TO $940 BILLION IN 2020
Highlights –
- Coronavirus pandemic increases Japan govt.’s debt to $940 billion in 2020.
- As of March 31, the outstanding balance meaning the debt per capita stood at 9.70 million yen.
- The nation's debt reportedly consisted of...
S. KOREA’S SOVEREIGN DEBT FALLS TO THE LOWEST LEVELTHIS WEEK
Highlights –
- S. Korea’s sovereign debt falls to the lowest level this week.
- The spread on credit default swaps (CDSs) for South Korea came in at 19 basis points.
- In 2020 the country's CDS premium rose to 57 basis points in l...
JAPAN SAW A BRISK INCREASE IN EXPORTS IN MARCH BY 16.1 PERCENT
Highlights –
- Japan saw a brisk increase in exports in March by 16.1 percent.
- The recovery in exports has been attributed to rising in material shipments to China.
- Japan’s exports stood at 7.38 trillion yen ($68 billion).
INDIAN FINANCE MINISTRY SHOWS CONFIDENCE IN PREPARATION AGAINST SECOND COVID-19 WAVE
HIGHLIGHTS
- The report from Finance Ministry says that India is well prepared to combat the second wave of COVID-19.
- The ministry believes that the AtmaNirbharBharat Mission can overcome the second wave of COVID-19.
The report from Fi...
FINANCE MINISTRY OF S. KOREA TO REMOVE TARIFF ON FEW IMPORTED GRAINS
Highlights –
- Finance Ministry of S. Korea to remove tariff on few imported grains.
- S. Korea will import edible corm and some grains without tariff until the end of the year.
- The country currently levies a 3 percent tariff duty on impo...
S. KOREA’S CONSUMER PRICES GREW IN MARCH BY 1.5 PERCENT
Highlights –
- S. Korea’s consumer prices grew in March by 1.5 percent.
- The country’s core inflation rose 0.6 percent on-year in March.
- Prices of agricultural, livestock and fisheries products advanced 13.7 percent in March....
S. KOREA’S INDUSTRIAL OUTPUT INCREASED 2.1 PERCENT IN FEBRUARY
Highlights –
- S. Korea’s industrial output increased 2.1 percent in February.
- The index gauging industrial production came to 111.6 last month.
- Retail sales however fell 0.8 percent from a month earlier.
- The Bank of Ko...
JAPAN GOVT. OUTSTANDING LONG-TERM DEBT TO REACH $9.12 TRILLION
Highlights –
- Japan govt. outstanding long-term debt to reach $9.12 trillion.
- The debt is said to be the worst among developed countries.
- The Japan parliament passed the budget for fiscal 2021, with a record 106.61 trillion yen. ...
EXPORT OF GOODS IN JAPAN FALLS IN FEB. BY 4.5 PERCENT
Highlights –
- Export of goods in Japan falls in Feb by 4.5 percent.
- The decline has been due to sluggish demand by the U.S for items such as cars.
- The country’s auto exports fell to 12.9 percent.
- Exports of semiconduct...
S. KOREA’S JOB LOSSES REACHED 26.3 MILLION IN FEBRUARY
Highlights –
- S. Korea’s job losses reached 26.3 million in February.
- The country has reported job losses every month since March 2020.
- The country expects a slight improvement in the job market in March.
- In February t...
JAPAN’S CURRENT ACCOUNT SURPLUS DROPS IN JANUARY 2021
Highlights –
- Japan’s current account surplus drops in January 2021.
- The services trade balance logged a deficit of 480.9 billion yen.
- The travel balance logged a 25.0 billion yen surplus in January.
- The country's ...
JAPAN GOVT. POSTED OCT-DEC CORPORATE PROFITS TO BOUNCE BACK
Highlights –
- Japan govt. posted Oct-Dec corporate profits to bounce back.
- Pretax profits of domestic companies were down just 0.7 percent from a year earlier.
- The pace of decline slowed down significantly compared to a 28.4 percent tu...
S. KOREA TO PROPOSE EXTRA BUDGET OF $13.3 BILLION AS RELIEF FUND
Highlights –
- S. Korea to propose extra budget of $13.3 billion as relief fund.
- The latest budget is said to be the 3rd largest ever to help ease the economy hurt by the pandemic.
- The government plans to sell 9.9 trillion won in state ...
STATE-OWNED FACILITIES WILL BE USED AS COVID-19 VACCINATION SITES IN JAPAN
Highlights –
- State-owned facilities will be used as COVID-19 vaccination sites in Japan.
- The central govt. is said to offer its buildings for free for workers and other facilities.
- Country’s retail giant Aeon Co. will make its s...
JAPAN GOVT. REPORTS AN INCREASE IN EXPORTS IN JANUARY 2021
Highlights –
- Japan Govt. reports an increase in exports in January 2021.
- Exports posted the sharpest growth due to demands in China and other Asian countries.
- The data was compiled on a customs-cleared basis.
- Exports in Jan...