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On Friday, Japan’s Finance Minister Taro Aso heavily criticized the country’s companies for sitting on tons of cash. He told that the Japanese authorities should take steps to encourage them to step up spending on business investment and wages.
Internal reserves, including cash, at Japanese companies have soared by 101 trillion yen for the last four years to about 400 trillion yen, while a great number of companies are reluctant to boost business expenditures.
The minister emphasized that the situation is very serious, and the government is considering ways for that funds to be spent on wages and capital spending.
However, he told it would be quite difficult to have internal reserves taxed. It’s because it might generate so-called "double taxation" on businesses, paying the corporate tax.
Japanese policymakers expect a sustained economic recovery to stimulate wages and also household spending, although many financial experts expect inflation to be still distant from the major bank's 2% objective.
French quarterly surge is expected to strengthen in the first half of 2019 because consumer spending derives benefits from improving household incomes as well as reviving business confidence after protests at the end of 2018…
In January, new orders for American goods shot up less than anticipated, tamed by dives in orders for computers as well as electronic products, which is another sign of decelerating manufacturing activity…
The Federal open market committee (FOMC) will make its monetary policy statement and announce the interest rate on March 20, 20:00 MT time.
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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