A couple of pieces in the Nikkei overnight:
Japan eyes cash stimulus for low earners
- The Japanese government has proposed distributing 10,000 yen or more to low-income individuals as part of an upcoming plan
- Other proposals include a minimum-wage hike of 24 yen -- the most ever -- to 822 yen an hour in fiscal 2016 as well as cutting the premiums that workers and their employers pay into the unemployment insurance program
- The government submitted the outline to ruling coalition lawmakers Tuesday
More at the link (may be gated)
And ...
Pro-easing views gain currency at BOJ
- Support is growing within the Bank of Japan for further monetary easing
- The main options are to cut interest rates beyond the current level of minus 0.1%, buy more Japanese government bonds on top of the current 80 trillion yen annually or expand purchases of other assets, such as exchange-traded funds.
Again, more at the link.
None of this is new, so just an update
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Adam had this overnight: The market has a gun to the head of the Bank of Japan
