Reviving Growth: China’s New Spending Initiatives and Economic Challenges
China has announced plans to significantly boost government spending in an effort to reignite its slowing economy. According to Finance Minister Lan Foan, the country will issue more government debt to provide subsidies for low-income households, support the struggling property market, and inject capital into state-owned banks. Increased Fiscal Stimulus Measures In a recent press […]
Asia FX Weakens as Dollar Steadies from BOJ Shock, Yen Slips
Most Asian currencies fell on Wednesday as the dollar steadied from a sharp tumble against the yen, while the Japanese currency retreated slightly from a four-month high as markets digested a surprise policy shift by the Bank of Japan. The yen fell 0.3% to 132.06 against the dollar, after rallying over 3% in the prior […]