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Ishiba's decision to retain Hayashi, a veteran politician with previous roles as foreign and defense minister, reflects a desire for continuity in leadership during a critical political transition.
It was also noted that the loan-to-value ratio for second-home mortgages will be tightened from 60% to 50% nationwide.
The Finance Ministry revealed that the total budget requests from various government ministries and agencies for the fiscal year starting in April 2025 have reached approximately ¥110 trillion.
Japan’s foreign investment laws do include provisions to protect national security, these should not be exploited by domestic firms to stymie legitimate foreign interest.
The BKPM’s request focuses on extending tax breaks that are crucial for stimulating investment in sectors deemed vital for the nation’s economic development. These industries, which span various sectors including manufacturing, technology, and infrastructure, are considered pivotal for driving growth, creating jobs, and enhancing Indonesia’s global competitiveness.
Historical patterns suggest that after periods of yen-buying interventions, the BOJ has occasionally turned to yen-selling interventions to counteract excessive appreciation. Nomura, Japan’s largest brokerage, recently highlighted this possibility, noting that while it isn’t yet their primary scenario, future Ministry of Finance (MOF) interventions to curb yen strength could be on the table.
Additionally, Elite Partners CPA Limited, a Hong Kong-registered accounting firm, was found to have breached regulations by auditing the 2021 financial statements of five mainland companies listed in Hong Kong without proper reporting to provincial-level financial authorities.
The special spending quota will focus on several high-priority initiatives, including infrastructure development, social welfare programs, and technological advancements.
China announces the issuance of 1 trillion yuan ultra long-term treasury bonds, including 20, 30, and 50-year securities. This move aims to diversify the bond market, attract long-term investors, and bolster China's position in global finance.