Masato Kanda has become just the fourth official in the past three decades to serve a third year as vice finance minister for international affairs, Finance Ministry documents show.
Almost 2 million visitors arrived from overseas in April, compared with less than 140,000 a year earlier, according to Japan’s National Tourism Organization.
It’s "regrettable” that the fallout from Credit Suisse’s woes affected investors in Japan, Finance Minister Shunichi Suzuki said.
Takehiko Nakao, a former vice minister for international affairs, stressed the need for a policy tweak — even if that results in short-term shocks.
Ideas like compulsory paternity leave, canceling student debt for people who have a baby, and ¥10 million ($76,445) payouts for a third child have been thrown around in recent weeks.
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.
Trade union leader has stressed the importance of moving toward continued wage growth in the face of rapid inflation and economic stagnation.
The idea would enable the BOJ to reduce its exposure to risk assets by moving them off its balance sheet in a way that doesn’t trigger market turmoil.
Finance Minister Shunichi Suzuki reiterated to reporters on Monday that the country will take bold action if there are speculative foreign exchange moves.
The party will draw up new support proposals for firms at risk of default, aiming to reflect them in the government’s economic package that will be put together by the end of the month.
