TOKYO — Japan’s national tax revenue in the fiscal year ended March is expected to fall below 60 trillion yen ($560 billion) for the first time in two years as a result of the economic slowdown brought on by the novel coronavirus outbreak, Nikkei learned Wednesday. The latest cut in […]
fiscal
Asian stocks surge on fiscal and monetary stimulus
HONG KONG/TOKYO — Asian shares rallied on Tuesday as news of further monetary and fiscal stimulus overshadowed fears of a second wave of the coronavirus in China and elsewhere. The rally in Asia came after U.S. equities reversed early losses on Monday after the Federal Reserve unveiled plans to buy […]
The EU crosses the Rubicon as it inches toward fiscal union
Things didn’t turn out quite this way. There has indeed been convergence on inflation, where the differences between eurozone members are now minimal. And, of course, the gaps between interest rates and bond yields in different member countries, although they occasionally flare up, are also minimal. But in other matters […]
Coronavirus latest: Japan postpones budget request deadlines for fiscal 2021
The Nikkei Asian Review is tracking the spread of the new coronavirus that originated in the central Chinese city of Wuhan. Global cases have reached 4,628,903, according to the World Health Organization. The worldwide death toll has hit 312,009. To see how the disease has spread, view our virus tracker […]