The confusion was caused by amendments to the foreign exchange and foreign trade law, which were designed to boost Japan's national security by introducing economic safeguards around foreign investment. Investigating this series of debates illuminates the challenges faced by Japan in its quest to balance the interests of two apparently separate realms: national security and the economy.
The law in question, amended last November, regulates foreign exchange, trade and other transactions. Under the previous version, all foreign investors obtaining a share of 10 percent or more in companies operating in any of 155 designated sectors of industry had to be pre-approved by the government. The principal aim of the amendment was to enhance national security by ensuring that undesirable foreign investment was kept well away from security-related companies.
Not to change the topic here:
How the U.S. economic response could change as people go back to work - POLITICO
People exit a Shoe City store as Los Angeles County retail businesses reopen. | David McNew/Getty Images
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As Congress debates whether to allocate further relief to shore up the U.S. economy and get workers back on their feet, the unemployment rate has suddenly and unexpectedly fallen.
Here's a look at how the new numbers are shaping the debate over how the government can keep the turnaround going.
Congress moved quickly to strengthen unemployment benefits in March, providing an extra $600 per week and vastly expanding who is eligible for aid. That boost in benefits is set to expire at the end of July, though Democrats are advocating to extend it at least through the end of the year.
Economists prove to be not keen on cuts after all | Torsten Bell | Opinion | The Guardian
T he government is going to borrow a lot this year – probably more £300bn, the highest since the Second World War. Pandemics are expensive, with tax revenues plummeting, health costs surging and government paying 80% of the wages of 8.7 million workers.
So if your definition of left or right wing comes down to attitudes to public spending cuts, I have news for you: economists are a bunch of radical lefties these days.
Tomorrow's problem - Don't worry about inflation—yet | Leaders | The Economist
It is only natural for money-creation on this scale to spark fears about inflation, which is the consequence of too much money chasing too few goods and services. All the more so because the pandemic has constrained production, at least temporarily, by forcing factories and shops to close and limiting global trade.
It is not. Several reasons suggest the hawks will probably be proved wrong again. Even accounting for the fall in oil prices, inflation is sharply lower in most places because households are slashing their consumption and saving more (see article ). Some of that is by necessity—it is hard to spend when shops are shut. But even as economies reopen, spending is likely to remain tepid, not least because unemployment is soaring.
This may worth something:
PERSPECTIVE: Tourism Will Be Key to Driving Economic Recovery | Mississippi Politics and News -
Summertime typically marks peak travel season in Mississippi, but this season has thrown us all a colossal curveball like we've never seen before. The COVID-19 pandemic has created a multitude of hardships for people and places everywhere. Most significant is the public health crisis we all find ourselves in, which has brought our once thriving economy to its knees.
From mid-March through May 16, national industry research firm Tourism Economics reported approximately $1.2 billion in Mississippi visitor spending was lost, which resulted in $47 million in lost state tax revenue and $15 million in lost local tax revenue when compared to this time last year. That's a $62 million gap, just in Mississippi tax revenue, that will greatly widen as COVID-19 continues to take a dismal economic toll on visitor destinations throughout our state.
Ferris State Economics Professor Discusses Latest Unemployment Numbers - 9 & 10 News
Dr. Alex Cartwright says Friday’s jobs report is an encouraging sign for the U.S. economy, especially after the country reached jobless rates not seen since the Great Depression.
“The expectation this month was for the unemployment to continue to rise and the question was it going to rise and not only did we see it didn’t rise at all it actually fell by 2.5 million jobs,” said Dr. Cartwright.
The next few months of reopening will be critical. The question will be just how many people go back to work and how many businesses survive reduced capacity requirements, something likely to remain in place for the time being.
A Striking Disconnect on the Virus: Economic Pain With Little Illness - The New York Times
In Corpus Christi, Texas, many people strain to name anyone infected with the coronavirus. In east central Wisconsin, members of the Y.M.C.A. express frustration with a distant health crisis that shut down the group's community services. In western Colorado, the summer recreational season was canceled before it even started — again with little sign of the virus.
A New York Times analysis of coronavirus infections , official layoff notices and federal unemployment data highlights the sharp disconnect between extreme economic pain and limited health impact from the pandemic in many parts of the country. It is a split that presents local officials and businesses with difficult choices even after Friday's encouraging jobs report suggested more of the country was returning to work.
Guardians of the world economy stagger from rescue to recovery - The Economic Times
Happening on Twitter
The #Taiwan-#US-#Japan GCTF shows #TaiwanCanHelp tackle global challenges & build the capacity of public, private &… https://t.co/xQxaP1Cer3 MOFA_Taiwan (from Taipei City, Taiwan) Mon Jun 01 23:51:48 +0000 2020
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