Economic news(2025/04/13)
China: "A small step to correct mistakes" by excluding smartphones from U.S. reciprocal tariffs
2025-04-13 23:04:00
In response to the U.S. announcement that it would exclude smartphones and other electronic devices from the scope of reciprocal tariffs, the Chinese government commented that "this should be seen as a small step toward correcting a mistake," and called for the complete elimination of reciprocal tariffs and a resolution through dialogue.
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LDP Secretary-General Moriyama: "A supplementary budget must be compiled to combat rising prices"
2025-04-13 17:03:00
Regarding measures to combat high prices, LDP Secretary-General Moriyama stated that it was necessary to compile a supplementary budget for this fiscal year, and indicated his intention to consider the scale and content of the budget, taking into account tax revenue projections, as long as it does not involve issuing deficit bonds. On the other hand, he pointed out that since the consumption tax is a source of revenue for social security, if there is a discussion about lowering it, alternative sources of revenue should also be considered.
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Prime Minister to consider necessary measures to boost skills of women raising children
2025-04-13 16:06:00
Prime Minister Ishiba exchanged views with female entrepreneurs in Kobe City, and expressed his intention to consider necessary measures, taking into consideration advanced initiatives in the private sector, in order to support women in working and improving their skills while raising children.
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LDP Secretary-General Moriyama: "Discussion on lowering consumption tax should also consider alternative sources of revenue"
2025-04-13 14:26:00
LDP Secretary-General Moriyama pointed out that since the consumption tax is a source of revenue for social security, when discussing a reduction in the tax rate, alternative sources of revenue should also be considered. He also expressed the view that measures to combat high prices need to be taken according to the actual conditions of each region.
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LDP Policy Research Council Chairman Onodera: "If we are considering tax cuts, we should also discuss social security at the same time"
2025-04-13 13:32:00
Regarding measures to ease the burden caused by rising prices and the US tariff measures, LDP Policy Research Council Chairman Onodera stated that the issue should first be addressed within this year's budget, and expressed the view that if tax cuts are to be considered, the nature of social security also needs to be discussed at the same time.
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Prime Minister Ishiba: "Tariff negotiations will take a certain amount of time. I will persistently request a review."
2025-04-13 13:20:00
Regarding the tariff measures imposed by the Trump administration, Prime Minister Ishiba stated that negotiations would take a certain amount of time, and indicated his intention to persistently seek a review, explaining that the series of measures are not an appropriate response to strengthening American manufacturing.
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Tariff negotiations: "The government must act decisively in the national interest" - ruling and opposition parties Sunday debate
2025-04-13 11:57:00
Ahead of the start of Japan-U.S. negotiations this week regarding the tariff measures imposed by the Trump administration, policy chiefs from each party appeared on NHK's Sunday Debate and repeatedly called on the government to take decisive action, taking into account the national interest.
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Prime Minister Ishiba: "Tariff negotiations will take a certain amount of time. I will persistently request a review."
2025-04-13 11:20:00
Regarding the tariff measures imposed by the Trump administration, Prime Minister Ishiba stated that negotiations would take a certain amount of time, and indicated his intention to persistently seek a review, explaining that the series of measures are not an appropriate response to strengthening American manufacturing.
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Stock prices see record fluctuations in a week; tariffs could continue to dominate next week
2025-04-13 06:33:00
Global stock markets have been hit by volatility in the wake of the Trump administration's tariff policy, and the Tokyo Stock Exchange has also seen an unusual turn of events over the past week, with the Nikkei average stock price hitting record lows and highs. The market at the start of the week is also likely to be influenced by movements surrounding tariffs.
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Trump money evaporates, policy change leads to interest rate surge? [Economics column]
2025-04-13 00:49:00
Since US President Trump announced the details of the reciprocal tariffs on April 2nd, the financial markets have been in turmoil. Stock prices have plummeted around the world. American media outlet Bloomberg reported that the market capitalization of global stocks has lost $10 trillion, or about 1,478 trillion yen, in three days. In the midst of all this, a 90-day suspension of the reciprocal tariffs was suddenly announced. Behind this decision was the dumping of US Treasury bonds, known as a representative safe asset. Why did the selling of government bonds and rising interest rates push President Trump to do this? With US Treasury bonds being sold again on the 11th and financial markets instability, what will happen to our assets in the future?
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