Tue, 21-Oct-2025

Japan’s record extra budget to boost virus-hit economy

Japan

TOKYO: Japan’s parliament enacted a record supplementary budget worth over $300 billion on Monday as part of the measures to bolster the world’s third largest economy, as the pandemic threat drags on. The extra budget, larger than the total annual GDP of countries such as Colombia, Vietnam and Finland, will fund part of the massive virus … Read more

Business sentiment cautious in Japan as virus fears linger

Japan

TOKYO: Japan’s major manufacturers remain cautious about the economy’s trajectory, with business sentiment flat for the quarter as concerns about the pandemic linger, a key survey showed on Monday. Among major non-manufacturers however, there was an improvement in confidence about the world’s third largest economy, offering glimmers of hope. The Bank of Japan’s Tankan business survey, … Read more