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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.
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.
Japan will 'infuse' $65 billion into the semiconductor and AI industries. The Minister of Economy: Will not raise taxes to fund.
①Japan's newly appointed Prime Minister Shigeru Ishiba promises to provide over 10 trillion yen (approximately $65 billion) in support for the semiconductor and AI industries; ②Ishiba hopes that this funding framework will spur over 50 trillion yen of public and private investment over the next decade; ③Minister of Economy, Trade and Industry Yoichi Muto stated that the government will not raise taxes to fund the new framework.
Crazily invest 10 trillion yen, the Japanese government plans to revive the chip industry.
The Japanese government plans to invest 10 trillion yen (approximately $65.1 billion) to support chip manufacturers, especially in the research and production of next-generation chips. It specifically targets chip foundry Rapidus and other ai chip suppliers.