Yohei Hirose

Sep 27, 2024 | asia.nikkei.com | Yohei Hirose

TOKYO -- Shigeru Ishiba, Japan's presumptive next prime minister, is set to make the economy his top priority, signaling plans to take steps to lighten the burden of rising prices. Speaking to reporters after being elected leader of the ruling Liberal Democratic Party, Ishiba indicated that he will follow the same basic approach as Prime Minister Fumio Kishida's administration in trying to pull Japan out of years of deflation.

Aug 29, 2024 | asia.nikkei.com | Yohei Hirose

TOKYO -- Budget requests for fiscal 2025 by Japanese government agencies have clocked in at an all-time high of more than 117 trillion yen ($807 billion), a Nikkei tally shows, as debt-servicing costs and defense spending soar. The Ministry of Finance will examine these proposals to draw up a draft budget, due out by year-end. Items related to pushing up wages and mitigating inflation could push the total higher, as many were submitted without a specific monetary figure.

Aug 19, 2024 | caixinglobal.com | Yohei Hirose

00:00/00:00 您的浏览器不支持 audio 标签。 Listen to this article 1x (Nikkei Asia) — Central banks are diversifying away from the dollar and yuan while loading up their foreign exchange reserves with a “stateless currency,” gold, in a nod to intensifying geopolitical tensions and global economic uncertainties. The proportion of the U.S. currency in global foreign reserves has dropped significantly, from over 70% in the early 2000s.

Aug 19, 2024 | caixinglobal.com | Yohei Hirose

00:00/00:00 您的浏览器不支持 audio 标签。 Listen to this article 1x (Nikkei Asia) — Central banks are diversifying away from the dollar and yuan while loading up their foreign exchange reserves with a “stateless currency,” gold, in a nod to intensifying geopolitical tensions and global economic uncertainties. The proportion of the U.S. currency in global foreign reserves has dropped significantly, from over 70% in the early 2000s.

Aug 9, 2024 | asia.nikkei.com | Yohei Hirose

TOKYO -- Central banks are diversifying away from the dollar and yuan while loading up their foreign exchange reserves with a "stateless currency," gold, in a nod to intensifying geopolitical tensions and global economic uncertainties. The proportion of the U.S. currency in global foreign reserves has dropped significantly, from over 70% in the early 2000s. Currently, the dollar's share of foreign reserves held by central banks and governments worldwide sits at a historic low.