( 3 mins read ) The Abe administration’s point man on managing the Covid-19 pandemic, Economy Minister Yasutoshi Nishimura, was forced to apologize to ruling party lawmakers on Wednesday, 1 July after he announced abruptly last week that the government
( 3 mins read ) South Korean President Moon Jae-in marked the seventieth anniversary of the start of the Korean War on Thursday, 25 June, by calling for peace with North Korea but warning that the South Korean military would
( 5 mins read ) North Korea has cut off communication with South Korea and has threatened to break the 2018 inter-Korean agreements that once promised a new era of cooperation on the Korean Peninsula. This pattern of provocation in
( 6 mins read ) China’s actions in the midst of the Covid-19 pandemic have led to a pause in the Abe government’s pursuit of closer ties with Beijing, and prompted calls for a reconsideration of Japan’s relationship with China.
( 3 mins read ) The Moon Jae-in administration unveiled South Korea’s largest-ever supplemental budget, a KRW 35.3tn (USD 29bn) package that is more than its first two emergency budgets combined. Although the total spending is less than meets the
( 6 mins read ) The Abe cabinet approved a second round of stimulus on Wednesday, 27 May that equals last month’s historically large JPY 117.1tn (USD 1tn) price tag. The largest portion of the stimulus package is intended to
A 7 point enforcement guidelines on article 43 of #NSL was passed at the 1st national security committee meeting today, allowing HK police on national security cases to:
1) search premises with approval from a police force director instead of a court warrant
La oferta del canje generó optimismo en el mercado. Algunas acciones suben hasta 20% y bonos entre 4 y 5%.
Muy buena propuesta de Canje.
Con niveles de NPV aceptables para los acreedores y acordes a las posibilidades del país.
Muy buen diseño de los incentivos, desalentando el ser holdout.
Una propuesta justa que debiera tener una alta participación.
Para el turno mañana, ya salió un nuevo episodio del podcast semanal "la economía en 3 minutos". La Argentina a contramano en el Mercosur. @prbondnews
Despite her ignominious tenure as defense minister, Inada Tomomi wants to run in the next leadership election -- although admits that it may be difficult to secure the necessary 20 endorsements. https://digital.asahi.com/articles/ASN765H1FN76UTFK00C.html
First Telegram, now WhatsApp: messaging apps say they won’t comply with court ordered requests in #hongkong pending a review following #NationalSecurityLaw . Full WhatsApp statement below: https://www.google.com/amp/s/uk.mobile.reuters.com/article/amp/idUKKBN2471E5
From a friend: Friends in Beijing report that this morning, local time, Professor Xu Zhangrun was formally detained. Some ten police vehicles and dozens of police officers were involved in the operation.
Extremely interesting interview by @CarolineGruyter with Guy Abeille, the inventor of the 3% deficit rule. Many people think that the 3% deficit and 60% debt limits are grounded in German economic orthodoxy. It was in fact a French invention in 1981 (thread) https://twitter.com/CarolineGruyter/status/1280048973122809856
De fameuze 3 procent-regel voor begrotingstekorten “heeft geen enkele economische basis,” zegt de uitvinder ervan, Guy Abeille. “Het is een politiek getal.” https://www.nrc.nl/nieuws/2020/07/06/limiet-van-3-procent-was-een-arbitrair-formuletje-a4005054
Nevertheless, the president enjoys broad public support for his COVID-19 response. In its July survey, @Poliarquia_ found 62% of Argentines approve of the public health measures, though that's down from 84%.
Will be interesting to see if other countries end up emulating China here, or if they will be content to rely on stockpiling and Chinese supply post pandemic.
Seems clear that Chinese supply will be there ...
Great work as usual by @KeithBradsher