South Korea's short-term money market shows same-day reserve surplus on March 24th, with overnight call rate at 2.532% as fiscal spending of 5.6 trillion won and BOK RP purchases offset treasury bond payments, while reserve balance turns positive reducing borrowing pressure in call market.
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Ruling and Opposition Parties Fail to Reach Budget Agreement Again—Final Talks Set for Tomorrow Morning
South Korea’s ruling and opposition parties failed to reach a budget deal ahead of the legal deadline, with final negotiations set for December 2 amid disputes over fiscal spending and key allocations.
Takaichi might be more of a supply-sider than a Keynesian
It's not all about Abenomics, one economist argues.
Takaichi’s rise to power and the ‘glass cliff’
Many feminists in Japan are disappointed that the first female prime minister comes from the conservative right.
Takaichi focuses on economic and security concerns in first policy speech
Over half of the new prime minister's speech was dedicated to economic policies, and she described the fight against inflation as the top priority for her administration.
Lee Chang-yong Says Fiscal Expansion Could Lead to Upward Revision of Growth Outlook
Bank of Korea Governor Lee Chang-yong signals that increased government fiscal spending could prompt an upward revision to South Korea's economic growth forecast.
German 30-year Bund yields surged to a 14-year high, driving a global yield curve steepening and influencing US Treasury yields, as fiscal expansion and geopolitical factors weigh on bond markets.
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Is 'Global Steepening' Underway—German 30-Year Yield Hits 14-Year High
German 30-year Bund yields surged to a 14-year high, driving a global yield curve steepening and influencing US Treasury yields, as fiscal expansion and geopolitical factors weigh on bond markets.
President Lee Jae-myung directed the government to review paying appropriate wages, not just the minimum wage, for public sector jobs, emphasizing effective fiscal spending to create quality employment, while also calling for enhanced disaster preparedness and public safety measures.
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President Lee Orders Review of Appropriate Wages, Not Minimum Wage, for Public Sector Jobs
President Lee Jae-myung directed the government to review paying appropriate wages, not just the minimum wage, for public sector jobs, emphasizing effective fiscal spending to create quality employment, while also calling for enhanced disaster preparedness and public safety measures.
President Lee Jae-myung has urged the Democratic Party to consult with new ministers on any bills involving fiscal spending, emphasizing inter-ministerial coordination for future legislation.
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