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Breaking news from japan! Prime Minister Ishiba will announce a 21.9 trillion yen economic stimulus plan.
Bloomberg in the usa cites recent reports from japanese media that Prime Minister Shigeru Ishiba will announce a $140 billion economic stimulus plan to address a series of challenges such as inflation and wage growth. According to japanese NHK, the total package will amount to 21.9 trillion yen, slightly higher than last year's series of measures.
West Pacific Banks: The Reserve Bank of Australia will cut interest rates for the first time in May next year
Gelonghui, November 21｜Westpac is now forecasting that the Reserve Bank of australia will begin to cut interest rates in May next year, later than the previous prediction of February. The bank's chief economist, Luci Ellis, stated, "Similar to some predictions from peers, we expect the initial rate cuts to be somewhat ahead of schedule, likely occurring consecutively at the end of May and the beginning of July." This differs from the prior expectation of Westpac reducing rates once each quarter. However, Westpac still expects that by the end of next year, interest rates will decrease from the current 4.35% to a lower limit of 3.35%.