Abe’s barrel-chested stimulus package lacks leg power

Linda J. Dodson

TOKYO — Prime Minister Shinzo Abe called it the largest stimulus package in the world. The 117.1 trillion yen ($1.09 trillion) second supplementary budget that was approved by the Japanese cabinet on Wednesday, when put together with an earlier supplementary budget, brings total stimulus measures to 230 trillion yen. “It’s equivalent to 40% of […]

Abe’s barrel-chested stimulus package doesn’t have legs

Linda J. Dodson

TOKYO — Prime Minister Shinzo Abe called it the largest stimulus package in the world. The 117.1 trillion yen ($1.09 trillion) second supplementary budget that was approved by the Japanese cabinet on Wednesday, when put together with an earlier supplementary budget, brings total stimulus measures to 230 trillion yen. “It’s equivalent to 40% of […]

Trump’s coronavirus stimulus package tests credibility of dollar

Linda J. Dodson

NEW YORK/TOKYO — The U.S. government is boosting fiscal spending to cope with the novel coronavirus pandemic, leading to deteriorating fiscal conditions, with the debt to gross domestic product ratio expected to exceed that during World War II. The Nikkei group calculated the theoretical value of currencies using statistics and interest rates, and found […]

Treasury readies rescue package for startups

Linda J. Dodson

The Treasury is weighing up a rescue package for startups that could involved co-investing with private backers and beefing up support from the British Business Bank. The Government is understood to be readying a deal to help startups facing a funding crunch after being warned a “generation” of innovative businesses […]

Bangladesh seeks IMF lifeline after record stimulus package

Linda J. Dodson

DHAKA — Bangladesh is seeking $700 million in financial backing from the International Monetary Fund after rolling out its biggest-ever stimulus package. The government hopes the move will prevent the coronavirus pandemic from ravaging its trademark macroeconomic stability. “We are currently assessing the government’s request to the IMF for emergency […]