Wednesday, 08 July, 2020


Japan OK's Funds for United States dollars 1.1 Tn Stimulus to Fight Pandemic Woes

Firmly oppose politicisation of the origin of the virus: China Japan's new budget to include 32.5t yen in direct spending: Mainichi
Conrad Doyle | 28 May, 2020, 06:56

Citing a document outline the additional stimulus budget, Bloomberg reports that Japan's new package is likely to be JPY117.1 trillion.

The Japanese government's second supplementary draft budget will amount to 31.9 trillion yen, or about 296 billion dollars.

Prime Minister Shinzo Abe called it the largest stimulus package in the world.

"It's equivalent to 40% of gross domestic product", Abe said.

Although the headline number matches the scale of the first stimulus package, it counts in contributions from the private sector, which the government will try to unlock.

"It is of utmost importance that we deliver assistance to people in tough situations", he added, urging MPs to pass the measures quickly through Parliament.

Japan remained the world's largest creditor at the end of 2019, with the net balance of external assets held by its government, companies and individual investors hitting a record 364.53 trillion yen ($3.40 trillion), the Finance Ministry said.

The latest aid was finalized after data last week confirmed Japan has sunk into a deep recession and polls show support for Prime Minister Shinzo Abe's cabinet dropping to a record low over its handling of the outbreak.

He lifted the emergency declaration this week but said Wednesday it would take "quite a long time" for the country to fully return to normal.

Starting from July, the government will increase monthly issuance for a range of JGBs, including issuance for 10-year bonds by 2.6 trillion yen, 20-year bonds by 1.2 trillion yen and 30-year bonds by 0.9 trillion yen, the sources said.

The ramped-up support went well beyond what was expected just a week ago, giving a stronger impression that the administration was pulling out all the stops to save jobs and businesses despite the spotty disbursement of earlier measures such as cash handouts and subsidies.

"Japan to issue 9.3 trillion yen of construction bonds for budget, to issue 22.6 trillion yen of debt-covering bonds for budget". The budget also will provide money for a possible second or third wave of infections.

Recommended

loading...
...

UConn student accused in killings, kidnapping captured in Maryland following manhunt: authorities UConn student accused in killings, kidnapping captured in Maryland following manhunt: authorities Manfredonia allegedly drove to Derby, Connecticut , where he allegedly killed an acquaintance, Nicholas J. On Wednesday, a tip was received about a possible sighting of Manfredonia at a Sheetz in Pennsylvania.

United States coronavirus death toll passes 100,000 United States  coronavirus death toll passes 100,000 But Anderson said it's likely the virus was a factor in many other deaths too. The new coronavirus was reported as a cause in about half the excess deaths.

Officials on trail of mystery virus death Officials on trail of mystery virus death As many as 170 new deaths and 6,387 fresh COVID-19 cases were reported during the past 24 hours, showed the ministry's data. She said the sample was contaminated with blood. "But, of course, she'll be in quarantine for 14 days".

Teen killed, two wounded in brazen downtown Toronto shooting Teen killed, two wounded in brazen downtown Toronto shooting Saunders said police are confident they will solve the case because of the amount of evidence they have already collected. The homicide squad has been called to investigate.

Justice Department Investigating Ahmaud Arbery Killing As Possible Hate Crime Justice Department Investigating Ahmaud Arbery Killing As Possible Hate Crime A neighbor later told the Atlanta Journal-Constitution that the suspects confronted Arbery at the site days before the shooting . The video appears to show Arbery and Travis McMichael tussling with the shotgun before three shots went off, killing Arbery.

Ontario Extends COVID-19 Emergency Orders Ontario Extends COVID-19 Emergency Orders The data now shows that the city has noted a greater density of COVID-19 cases in northern Etobicoke and northern Scarborough. These problems have led to an ongoing struggle in Quebec to bring down the number of COVID-19 infections.

Sister says police officers should be charged with murder — George Floyd killing Sister says police officers should be charged with murder — George Floyd killing The police union representing the officers did not immediately respond to ABC News' request for comment Tuesday. When they handcuffed Mr Floyd, he appeared to be in medical distress, according to police.

PlayStation Plus First Free Game Of June 2020 Announced PlayStation Plus First Free Game Of June 2020 Announced First Infantry Division who experiences combat for the first time on D-Day, one of the largest amphibious assaults in history. The report mentioned that Sony usually refreshes its free PS Plus games on the first Tuesday of the month.

Tech weakness weighs on S&P 500, Nasdaq Tech weakness weighs on S&P 500, Nasdaq In Europe, Germany's DAX returned 1.3% and France's CAC 40 rose 1.8% after the announcement of the region's recovery fund. Treasury ticked lower Wednesday to 0.677%, from 0.697% the day before, signaling some demand for safe assets.

Confirmed: James Mangold is directing Indiana Jones 5 Confirmed: James Mangold is directing Indiana Jones 5 Hopefully, their combined efforts will be enough to make Indiana Jones 5 worth all the pitfalls necessary to do so, respectively. For the time being, we only know that we are going to get to see Steven Spielberg return as the manufacturer for the film.

At least 75 AngloGold Ashanti mine workers test positive for Covid-19 At least 75 AngloGold Ashanti mine workers test positive for Covid-19 The mine had been operating at 50% capacity under South Africa's restrictions created to limit the spread of the pandemic. Operations at Mponeng mine have been "temporarily halted" to complete contact tracing and "sanitize the workplace".

Man United: Get Pogba out for player with desire, says Sheringham Man United: Get Pogba out for player with desire, says Sheringham He would drive our team on, he would dig deep and make sure we had a say in every game we played in because of his desire. Manchester United were fifth in the Premier League, three points behind fourth-placed Chelsea when the season was halted.

World Health Organization warns Europe of an 'immediate second peak' World Health Organization  warns Europe of an 'immediate second peak' Saudi Arabia has more than 76,000 confirmed cases and 410 deaths, according to the Johns Hopkins coronavirus tracking site. As of Tuesday, more than 98,000 Americans have died of Covid-19, and the worldwide death toll has surpassed 346,000.

SpaceX, NASA close to historic launch: 'The hatch is closed' SpaceX, NASA close to historic launch: 'The hatch is closed' Still, cars and RVs lined the roads around Cape Canaveral, with people staking out viewing spots. We haven't done this really since 2011, so this is a unique moment in time", Bridenstine said.

PM says a "national conversation" is needed about future of long-term healthcare PM says a More than 60 per cent of the more than 4,100 COVID-19-related deaths in Quebec occurred in the province's CHSLDs. He said the report has been shared with Ontario Premier Doug Ford , who will provide more details later today.