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Prime Minister Sanae Takaichi pledged in a policy speech on Monday to cut the consumption tax on food products without issuing new government bonds. She said the reduction would be funded within the existing budget framework, a move aimed at reassuring financial markets about Japan's fiscal outlook.
Canada's annual population growth has fallen to just 0.5% as it deliberately unwinds a post-pandemic immigration surge, and its economy is now 'adjusting' rather than collapsing. Economists say the experience offers lessons for Australia's escalating immigration debate — but warn Canada's unique circumstances mean its playbook cannot simply be copied.
A US federal judge on Wednesday rejected the Justice Department's demand that Google sell its ad tech business, in a landmark antitrust case. The ruling marks the third straight setback for US enforcers seeking to break up Big Tech firms.
Chevron will invest over $7 billion to double its Venezuelan oil output to ~600,000 bpd, citing resource potential and improved contract terms. Announced days after a U.S. deal over Venezuela's oil reserves, the expansion supports Trump's energy push.
Japanese government bond yields have surged, posing a challenge to PM Takaichi's fiscal stimulus agenda just months after her bold growth pledges. Market pressure highlights Japan's heavy public debt and may force policy adjustments.
Mitsubishi Motors has brought back the iconic Pajero SUV after a seven-year hiatus in Japan, unveiling a new generation as its flagship model. The revival aims to bolster the automaker's presence in the competitive SUV market, building on the model's legendary off-road reputation. Specific details on pricing and technical specs are yet to be announced.
A sharp selloff in global bonds has pushed government borrowing costs in major economies to multi-decade highs. Rising inflation fears and concerns over public debt are driving yields up from the US to Germany and Japan, with potential ripple effects on stocks and corporate financing.
Tokyo stocks plunged over 3% on Wednesday as higher Japanese government bond yields and inflation concerns driven by a spike in oil prices amid renewed US-Iran tensions weighed on the market. Investors shifted to safer assets, while geopolitical and monetary policy uncertainties kept sentiment cautious.
BOJ policymaker Takata urged the central bank to show strong policy resolve to prevent inflation from exceeding its target, warning of foreign exchange market impacts. His comments highlight rising concerns about price pressures and potential currency volatility.
Bank of Japan Governor Kazuo Ueda said on August 25 that core inflation is moving closer to the 2% target, and the policy board will discuss a possible rate hike at its next meeting. His remarks come amid market scrutiny of the BOJ's tightening path after years of ultra-low rates. Analysts see potential for a near-term rate increase if data supports it.
