Tag: minister says
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UK to issue first ‘digital’ bond by early 2027, finance minister says
LONDON, July 14 : Britain aims to become the first major advanced economy to issue a digital sovereign bond by doing so by early next year, finance minister Rachel Reeves said in a speech on Tuesday.• Britain’s “Digital Gilt Instrument” pilot was announced in 2024 and tests how distributed-ledger technology
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Japan will explore ways to encourage GPIF to boost domestic investment, minister says
(Corrects date to Friday, not Thursday, in first paragraph)By Makiko Yamazaki and Leika KiharaTOKYO, July 10 : Japanese Finance Minister Satsuki Katayama said on Friday the government wants to explore ways to encourage pension funds, including the Government Pension Investment Fund (GPIF), to increase
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Japan will not convey in advance preference on BOJ policy, minister says
TOKYO, July 10 : Japan’s government would never convey in advance its preference on how the central bank should set interest rates, Economy Minister Minoru Kiuchi said on Friday, brushing aside market concern over political interference in monetary policy.Concerns that dovish premier Sanae Takaich’s administr
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Japan finance minister says ready to respond on yen, in contact with US authorities
TOKYO, July 3 : Japanese Finance Minister Satsuki Katayama said on Friday the government will respond appropriately on currency movements, reiterating her warnings as traders braced for possible intervention from the Japanese authorities.”Our stance has not changed. We will respond appropriately at any time a
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Japan ready to respond to yen moves at any time, finance minister says
TOKYO, June 30 : Japanese Finance Minister Satsuki Katayama said on Tuesday authorities stood ready to respond appropriately against currency moves at any time, in the wake of the yen’s slide to a four-decade low.”This includes taking decisive action, as confirmed between Japan and the U.S.,” Katayama told a
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South Korea’s finance minister says current FX level ‘excessive’
SEOUL, June 23 : South Korea’s Finance Minister Koo Yun-cheol said at a cabinet meeting on Tuesday that the current foreign exchange level at around mid-1,500 won per U.S. dollar is “excessive” compared to the country’s fundamentals. Asked by South Korean President Lee Jae Myung about why the won is so weak d
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Indonesia’s energy minister says government working to secure coal supply for state utility
JAKARTA, June 18 : Indonesia’s Energy and Mineral Resources Minister said on Thursday that the government is working to ensure that coal supplies to state power utility Perusahaan Listrik Negara (PLN) remain stable after reports of blackouts.Here are some details:• Energy minister Bahlil Lahadalia to
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New US tariff, exemptions will provide growth stimulus for Indonesia, minister says
JAKARTA, June 5 : Indonesia’s chief economic minister said on Friday that an additional 10 per cent duty imposed by the United States on the country’s exports, along with the exemptions expected for some of its key products, could help to stimulate economic growth.The U.S. Trade Representative has proposed ta
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