Japan Leverages 80 Tons of Gold to Help Fund Part of Its Stimulus Package

Japan Leverages 80 Tons of Gold to Help Fund Part of Its Stimulus Package

Japan’s finance ministry has reportedly leveraged 80 tons of gold to help fund part of its huge stimulus package aimed at combating the coronavirus crisis. The Asian country, which is saddled with public debt twice the size of its economy, is under pressure to find non-tax revenues to cover the rising cost of spending to deal with the health crisis. The Covid-19-induced recession has seen Japan’s tax revenues drop, leaving a significant hole in its budget. According to a report, before this “rare arrangement,” Japan’s finance ministry would normally....


Related News

$2.4 Trillion Stimulus Package Proposed in US With Second Direct Payments to ...

A new stimulus package costing about $2.4 trillion is being prepared in the U.S. that includes a second round of stimulus checks for Americans. Since the first coronavirus stimulus package was signed into law, talks of further relief aid have stalled. This new proposal aims to restart the stimulus package discussion. Nancy Pelosi Plans to Introduce a $2.4 Trillion Stimulus Package House Democrats are reportedly putting together a new coronavirus stimulus plan that would cost about $2.4 trillion, which is roughly $1 trillion less than their previous proposal. CNBC described on Saturday: The....

Hold On to Your Bitcoin, Japan! PM Abe Announces Stimulus Package

Japan plans on implementing a 28 trillion yen stimulus package to aid its stagnating economy. Prime Minister Shinzo Abe announced the package on Wednesday, valued at about $265 billion USD. The package, meant to give the Japanese economy a boost, will consist of large increases in government spending, both at the local and national level, as well as loan programs. The details of this package are to be announced sometime next week. According to Mitsubishi UFJ Morgan Stanley Securities’ senior economist Hiroshi Miyazaki, the amount planned is so large that it will be difficult to spend, and....

New Push for Second Stimulus Checks: Analysts Predict When Another Relief Pac...

Many Americans are in need of second stimulus checks and a new coronavirus relief package. As Congress resumes stimulus negotiations, President Trump has called for a “big and focused” stimulus bill now. Meanwhile, several analysts have predicted when lawmakers will pass the next stimulus package. Stimulus Package Status Stimulus negotiations have resumed after the presidential election but lawmakers still have not been able to come to an agreement. This has left Americans with little hope of receiving their second stimulus checks to help them cope with the coronavirus-led....

Second Stimulus Checks: When Lawmakers Will Pass Relief Package With Direct P...

Negotiations on a new coronavirus aid stimulus package are still underway as Americans wait to receive their second round of stimulus checks. House Speaker Nancy Pelosi, President Donald Trump, and Senate Majority Leader Mitch McConnell have their own ideas of when the next stimulus package with direct payments to Americans will pass. US Lawmakers Push to Pass a New Stimulus Package Soon U.S. lawmakers have continually been discussing the next stimulus package to help Americans cope with the coronavirus pandemic-led economic crisis. Americans have been waiting for the second round of....

Bitcoin Tops $11.3K on US Stimulus Prospects, Seems to Confirm Bullish Trend

Optimism for the prospects for a U.S. stimulus package rose after the White House boosted its offer to Democrats on a pandemic relief package Friday.