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Showing 1 - 10 of 12 results for "Abe government"

Chief economist update: Japan on the mend but BOJ, Abe not taking any chances

BENJAMIN ONG  |  WEDNESDAY, 24 JUN 2020
... inflation lingered in deflation (-0.2%) over the same period. Thus, while both the Bank of Japan (BOJ) and the Abe government are optimistic about the economic outlook, they're not leaving this to hope. While it kept interest rate settings unchanged ...

Chief economist update: Credit ratings downgrades versus fiscal salvation

BENJAMIN ONG  |  THURSDAY, 9 APR 2020
... while at the same time, stressing that it would implement more stimulative measures if necessary. Looking back the Abe government could be forgiven for its confidence that it could quarantine Japan from the bug that's exponentially infecting people ...

Chief economist update: Japan fails to learn from history (yet again)

BENJAMIN ONG  |  TUESDAY, 18 FEB 2020
... exogenous factors is Japan's self-inflicted wound -- i.e. Japan's tightening of fiscal policy, when the Abe government went ahead and raised the consumption tax from 8% to 10% effective 1 October 2019. Note that this was originally scheduled ...

Chief economist update: A busy 2020 for Abe, BOJ

BENJAMIN ONG  |  TUESDAY, 14 JAN 2020
... PMI fell to 48.6 in December as manufacturing (48.4) and services (49.4) both weakened. The Bank of Japan and the Abe government will be trying to shore up the economy this year.

Chief economist update: Japan tightens fiscal policy

BENJAMIN ONG  |  FRIDAY, 11 OCT 2019
Just as the clamour among central banks for fiscal policy aid continue to grow - recently supported by prescriptions from international institutions such as the International Monetary Fund (IMF), the World Bank (WB), the World Trade Organisation (WTO) ...

Chief economist update: No stealth tapering, no exit strategy...yet

BENJAMIN ONG  |  WEDNESDAY, 24 JAN 2018
... enough to withstand an increase in tax on spending. On both occasions a recession ensued. The good news is that the Abe government appears to have learnt from history as shown when he pushed back the timing of the tax hike from October 2015 to April ...

Economic Wrap

BENJAMIN ONG  |  TUESDAY, 30 AUG 2016
... core-core inflation rate (which excludes food and energy) - slowed to plus 0.3% from 0.4% in June. The BOJ and the Abe government need to do more to short-circuit this deflationary mindset. This is because falling prices spawn expectations of more price ...

The waiting game

BENJAMIN ONG  |  MONDAY, 31 MAR 2014
... financial crisis in 1997, there's none of that this time (or is there?). And this time, both the Bank of Japan and the Abe government have vowed to roll out more stimulus measures to cushion the negative impact of the tax on spending. Talkin' bout rolling ...

Sunrise, sunset

BENJAMIN ONG  |  TUESDAY, 18 FEB 2014
... meeting. Expectations are for it to do nothing. I beg to disagree. It must do something, anything and now. So does the Abe government... by deferring the lifting of the consumption tax for one and shooting the third arrow. Japan has seen this drama before ...

Central banks rule

BENJAMIN ONG  |  WEDNESDAY, 2 OCT 2013
... The same move in 1997 that returned the Japanese economy to recession and deflation. But fear not. This time, the Abe government plans to avoid a repeat of history by simultaneously unveiling a A¥5 trillion (US$51 billion) stimulus package. No prizes ...
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