Asia
The LDP have been urging fiscal restraint, with one eye on a very jittery government bond market, as investors worry about Japan’s ability to refinance the world’s largest debt pile. Any concessions the LDP must now strike with opposition parties to pass policy will only further elevate those nerves, analysts say. “The ruling party will have to compromise in order to gain the cooperation of the opposition, and the budget will continue to expand,” said Yu Uchiyama, a politics professor at the University of Tokyo. “Overseas investors’ evaluation of the Japan economy will also be quite harsh.” Sanseito, which first emerged…
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SINGAPORE: Asian stocks slipped on Wednesday (Jul 2) and the dollar languished near three-and-a-half-year lows as…
United States prosecutors have charged two Chinese nationals with acting as agents of China’s security…
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