Tag - us-economy

 
 

US ECONOMY

Japan Times
BUSINESS
Mar 22, 2023
Japan to spend $15 billion on inflation aid ahead of local polls
The measures include handouts for low-income households and their children, and support for households that use liquefied petroleum gas, according to documents from the Cabinet Office.
Japan Times
BUSINESS
Mar 22, 2023
First Republic rescue may rely on Washington's backing to reach a deal
As part of efforts to ensure there isn’t another U.S. bank failure, the government could play a role in lifting out assets currently eroding the bank’s balance sheet.
Japan Times
BUSINESS
Mar 22, 2023
U.S. regional banks and regulators try to soothe depositors’ fears
Treasury Secretary Janet Yellen has expressed confidence in the nation’s banks and suggested that the government would step in to protect smaller lenders if needed.
Japan Times
COMMENTARY / World
Mar 21, 2023
SVB’s failure endangers more than just money
Before SVB’s collapse, the bank was “critical to spurring greater competition and creativity” in the U.S. defense industry.
Japan Times
BUSINESS / Markets
Mar 21, 2023
Safe havens and risk assets both rise as banking woes shift Fed expectations
The unusual cross-currents come as the financial distress that started earlier this month has spread to Europe, with investors on edge about the health of the financial system.
Japan Times
BUSINESS / Markets
Mar 21, 2023
2008 bank crisis survivors remember how fast dominoes can fall
Comparisons to that episode have become a little harder to ignore, although authorities are better equipped today to deal with stress in the financial system.
Japan Times
COMMENTARY / World
Mar 20, 2023
Just who is to blame for this new banking crisis?
In 2018, U.S. lawmakers loosened banking regulations on the spurious grounds that smaller banks do not pose systemic risks to the stability of the financial system.
Japan Times
BUSINESS
Mar 20, 2023
BOJ debated side effects of easy policy at March meeting
While global banking woes have taken some pressure off long-term interest rates, the debate underscores the challenge incoming BOJ Gov. Kazuo Ueda faces in keeping borrowing costs low.
Japan Times
BUSINESS / Economy
Mar 20, 2023
Case for Fed pause builds following crisis-echoing move on swaps
To be sure, the decision on whether to pause or hike remains a tough call.
Japan Times
BUSINESS
Mar 20, 2023
The key takeaways from UBS Group’s historic Credit Suisse deal
UBS is paying 3 billion francs ($3.24 billion) for its battered rival in a deal aimed at avoiding a broader financial crisis.
Japan Times
BUSINESS
Mar 18, 2023
BOJ’s path in focus after Japan labor unions win big pay raises
The results were above economist expectations and follow the BOJ governor's comments that suggested sustained pay hikes of 3% are needed for the bank to normalize its massive easing policy.
Japan Times
BUSINESS / Economy / FOCUS
Mar 18, 2023
The Fed was too late on SVB even though it saw problem after problem
The relatively late discovery of a number of flaws in SVB's operations raises questions about whether the Fed was diligent in stepping up oversight as the firm was ballooning in size.
Japan Times
BUSINESS / Economy
Mar 18, 2023
BOJ and government vow cooperation amid global market turmoil
Officials met for the first time since September to affirm that they will work together to closely watch any impact on the country's financial system from global market turmoil.
Japan Times
BUSINESS
Mar 17, 2023
Japan's labor unions confirm average wage hikes of 3.8%, marking a three-decade high
The preliminary survey of 805 unions affiliated with Rengo showed an average hike of ¥11,844 ($89) per month, according to the labor organization.
Japan Times
BUSINESS
Mar 17, 2023
Largest U.S. lenders toss First Republic Bank a lifeline
Over two days of frantic phone calls, meetings and some arm-twisting, the CEOs of 11 banks have agreed to chip in a total of $30 billion to save the troubled lender.
Japan Times
BUSINESS
Mar 17, 2023
Credit Suisse got its lifeline. Now it needs to win back clients.
The battered bank received a $54 billion loan from the Swiss government after net outflows hit $119 billion in the 4th quarter.

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