Japanische Wirtschaft
Following its May 1 intervention that propelled the yen higher, Japan's Vice Minister of Finance Satsuki Katayama stated on May 5 that the country can conduct two more interventions before November under IMF guidelines. Authorities also warned traders to stay alert as yen battles intensify.
Von KI berichtet
The yen briefly surged in Asia trade, putting investors on high alert. The whipsaw trading followed Japan's likely spending of around ¥5.4 trillion ($34.5 billion) last week to support the yen. The Japan Times reported.
The Japanese government submitted a draft supplementary budget for fiscal 2025 to parliament on Monday. Valued at ¥18.3 trillion ($118 billion) in general account spending, it mainly finances the first comprehensive economic package under Prime Minister Sanae Takaichi's administration. The package focuses on easing the impact of rising prices and investing in growth sectors.
Von KI berichtet
Das reale BIP Japans ist im dritten Quartal um 1,8 % auf Jahresbasis gesunken, was den ersten Rückgang seit sechs Quartalen markiert. Der Einbruch fiel milder aus als erwartet.