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President Lee Jae-myung advocates for supplementary budget support through local currency rather than cash, emphasizing differentiated assistance to vulnerable groups while defending against populism criticism, with dual benefits for small businesses and local economies.
Chinese stock markets extended gains for an eighth straight session, with the Shanghai Composite rising 0.10% amid tech stock weakness and optimism over economic stimulus, while a stronger yuan fueled hopes for increased foreign inflows.
The dollar-yen fell sharply after Japan announced a ¥21.3 trillion stimulus package, with the yen strengthening amid intervention speculation and official comments.
Japan's draft economic stimulus package will feature rice coupons, expanded wage grants, and subsidies to ease living costs amid inflation.
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(2) Japan's draft economic stimulus package will feature rice coupons, expanded wage grants, and subsidies to ease living costs amid inflation.
(3) The railroad company JR East is testing facial-recognition ticket gates on the Joetsu Bullet Train between Niigata and Nagaoka stations in Niigata Prefecture.
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