Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter highlighting Prime Minister Shigeru Ishiba’s $250bn economic stimulus package in Japan, aimed at addressing rising prices and adjusting to inflation. The package includes a significant rise in the minimum salary threshold for income tax, a key initiative of the Democratic People’s Party, reflecting the fragility of Ishiba’s government. Analysts anticipate a BoJ interest rate hike in December amidst concerns over fiscal discipline and inflation’s impact on tax revenue and debt stock, with the weak yen affecting energy and food prices in Japan.
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Gold Price Passes $3,000, a Record High, Amid Tariff Anxiety
The price of gold hit a record high of over $3,000 per troy ounce due to President Trump's tariff policy uncertainty, economic slowdown fears, and a sinking stock market. Investors turn to gold as a safe haven during turmoil, leading to a 14 percent increase this year while the S&P 500 index falls into a correction. Market experts predict further price increases as global trade tensions escalate and central banks increase gold reserves to reduce...
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