Japanese Prime Minister Shinzo Abe's cabinet approved 13.5 trillion yen ($132 billion) in fiscal measures on Tuesday even as the central bank fought market speculation that it is preparing to put the brakes on monetary stimulus for the world
Japanese Prime Minister Shinzo Abe is planning a stimulus package with a headline figure of $255 billion to reflate the flagging economy, Fuji TV said, though it is uncertain how much of it will consist of government spending.
The Japanese government is preparing a package of economic stimulus measures totaling $190 billion or more, though actual government spending is likely to be less than half that amount, sources involved in the process said on Thursday.
Asian shares slipped while the euro retained lavish gains on Friday, a day after its biggest one-day surge in nearly seven years as the European Central Bank's stimulus package fell well short of markets' high expectations.
Asia extended a global stocks rally on Friday after the European Central Bank signaled its readiness to inject more stimulus, helping the dollar scale a fresh two-month peak against the euro.
Iran's government announced proposals on Saturday to cut interest rates and encourage banks to lend, state television reported, in an effort to boost a stagnant economy after two years of tight monetary policy as inflation slows.
Asian shares rose on Monday in cautious trade, shrugging off soft economic data from China, as investors pondered whether the US Federal Reserve will be confident enough to raise interest rates this week for the first time in a decade.
China's economy grew at its slowest pace in 24 years in 2014 as a cooling property market weighed on demand and is expected to lose more momentum this year, keeping pressure on policymakers to head off a sharper downturn.
Activity in China's factory sector contracted in December for the first time in seven months, the latest in a string of weak economic indicators that will intensify calls for more stimulus measures to head off a hard landing.
Lebanon is considering increasing an $800 million economic stimulus package allocated for this year because most of the funds have already been used up, the central bank governor said on Wednesday.
The war in n