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Japan plans to launch a multi-trillion yen economic stimulus package, with a focus on investing in the chip and AI sectors.
① Japan's Prime Minister Shigeru Ishiba will launch a 21.9 trillion yen economic stimulus plan to address challenges such as inflation and wage growth, with cabinet approval expected on Friday; ② The plan includes support for the continuous growth of wages in japan, investments in the semiconductors and ai sectors, and the restoration of subsidies for henry hub natural gas and electricity starting from January next year.
Strong exports to China drove Japan's overall exports in October to exceed expectations by more than 3%.
Led by the growth in shipments of chip manufacturing equipment and medical supplies; Japan's exports to China and other Asian countries increased, while exports to the United States and Europe declined.
After the election, the governor of the Bank of Japan first discusses mmf policy, and next Monday's speech might reveal signals of an interest rate hike.
Bank of japan Governor Kazuo Ueda will give a speech and hold a press conference next Monday in Nagoya, Japan, and the market is highly anticipated.
Political turmoil at home and abroad is causing panic! Individual investors are hurriedly selling Japanese stocks, with the amount sold reaching a new high since March.
Last week, as the intense competition between Harris and Trump in the usa presidential election made investors anxious, individual investors sold a large amount of japan stocks, reaching the highest selling amount since March.
The depreciation of the yen has driven Japan's wholesale inflation to soar in October, adding uncertainty to the central bank's interest rate decision.
Japan's wholesale inflation rate in October accelerated to the fastest level in over a year, mainly due to the depreciation of the yen pushing up the cost of some imported commodities.
Shigeru Ishiba remains as japan's prime minister! Will build a minority new government.
①Japan's current Prime Minister, Shigeru Ishiba, defeated the opposition party's Constitutional Democratic Party leader, Yoshihiko Noda, to continue serving as prime minister and will reshuffle the cabinet; ②Shigeru Ishiba's new government is a minority government, expected to be constrained by the opposition group, having to seek support from the opposition for many important legislations.
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