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Japan’s Suga to Order New Economic Stimulus as Early as November, Nikkei Says | Investing News

Japan’s Suga to Order New Economic Stimulus as Early as November, Nikkei Says | Investing News

TOKYO (Reuters) – Japanese Prime Minister Yoshihide Suga will order his government to compile extra economic stimulus measures as early as November, the Nikkei newspaper reported on Tuesday.

The move would signal the government’s readiness to deploy more support to cushion Japan’s economy from the significant disruption to consumers and businesses by the COVID-19 pandemic.

The measures could focus on supporting tourism and the restaurant industry from declining consumption, the Nikkei said.

There was no change to the government’s willingness to roll out economic measures if conditions required it, the top government spokesman said when asked about potential stimulus.

“As for financial matters, there is 7.8 trillion yen in coronavirus reserve funds remaining. We’ll utilise that balance first,” Chief Cabinet Secretary Katsunobu Kato told reporters at a news conference.

The government may also consider extending a “Go To Travel” initiative to subsidise domestic tourism as part of the stimulus, the Nikkei reported, without saying how it got the information.

Japan has already rolled out $2.2 trillion in fiscal stimulus in response to the health crisis, including cash payouts to households and small business loans that were partly funded via two supplementary budgets.

The government could decide in late December on a draft of a third extra budget to fund the expected measures, when it draws up plans for next fiscal year’s budget, the Nikkei said.

The world’s third-largest economy has started to recover from the impact the coronavirus has had on demand at home and abroad, including the hit to global trade that hurt Japan’s exports of cars and other manufactured products.

The government last Wednesday said economic activity likely stopped contracting in August.

(Reporting by Daniel Leussink; Editing by Chang-Ran Kim, Christopher Cushing and Tom Hogue)

Copyright 2020 Thomson Reuters.

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Argentine President Says Currency Market Needs Order: Cohete

Argentine President Says Currency Market Needs Order: Cohete

(Bloomberg) — Argentina’s currency market is messy and must be “ordered,” President Alberto Fernandez said in an interview with local outlet El Cohete a la Luna.



Alberto Fernández sitting at a desk in front of a computer screen: Alberto Fernandez, Argentina's president, speaks during the United Nations General Assembly seen on a laptop computer in Hastings on the Hudson, New York, U.S., on Tuesday, Sept. 22. 2020.


© Bloomberg
Alberto Fernandez, Argentina’s president, speaks during the United Nations General Assembly seen on a laptop computer in Hastings on the Hudson, New York, U.S., on Tuesday, Sept. 22. 2020.

In the wide-ranging interview, the leader complained that a mass exodus of dollars from the country, as well as sustained demand from citizens for dollar savings had put the country in a precarious position.

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In mid-September, Argentina added severe restrictions on dollar purchases for individuals and companies, but the measures have done little to curb demand.

“When we arrived in December we found ourselves with a languid central bank, without reserves, empty, with few freely available dollars,” said Fernandez. “We want to prioritize the use of those dollars for purchases inputs for imports.”

A spike in the value of dollars in a parallel market used to skirt the controls has only made matters more complicated. Still, Fernandez said, assistance from the International Monetary Fund will help to sort out the nation’s currency issues.

“The currency market is very messy and we must order it,” he said.

Meanwhile, Cecilia Todesca, deputy cabinet chief, said in a separate interview with newspaper Clarin that the government’s measures will produce results, but not in the short term. She added that the country’s currency plight could not be solved by a “brutal” change of policy, such as a large devaluation.

“Issues in the currency market reflect structural problems,” she said. “If all Argentines want to save in dollars, the economy does not work.”

The president also sought to play down reports that Economy Minister Martin Guzman and central bank chief Miguel Pesce are at odds over

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Restaurant gets creative after new public health order

Restaurant gets creative after new public health order

EAU CLAIRE, Wis. (WEAU) – A new public health order by Gov. Evers is capping the number of people Wisconsin businesses can have inside their building.

A new public health order by Gov. Evers is capping the number of people Wisconsin businesses can have inside their building.
A new public health order by Gov. Evers is capping the number of people Wisconsin businesses can have inside their building.(weau)

It’s an effort to slow the spread of COVID-19, as the Badger State becomes a hot spot for the virus. Some businesses are getting creative to make sure they can continue to stay open as the weather changes. If you drive around Eau Claire during the winter months, you’re likely to see large tents over outdoor seating for businesses. Now, more local businesses are getting into the trend. A proposal from Milwaukee Burger Company to the Eau Claire City Council Wednesday calls for a 20×40 tent to be placed outside the restaurant, with room for a max of 75 people per day.

In the proposal, the tent at Milwaukee Burger Company will have 10 tables. Eight of those tables will seat up to four people and two tables will seat up to six. The proposal comes after a statewide emergency order by Gov. Evers that limits businesses to 25% total capacity. The Milwaukee Burger Company plan also includes COVID-19 measures, such as requiring each table to be sanitized after customers leave, hand sanitizer at each table and mask requirements for entering and leaving the tent. Employees will also be screened before their shift. By adding the tent seating, the restaurant needs a temporary change to its alcohol license and has submitted a plan with rules for drinking inside the tent, including ID checks, wrist bands for customers over 21 and staff stationed at entrances and exits to ensure no alcohol will leave the tent.

Along with the outdoor seating proposal, Milwaukee Burger

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Get financial, insurance documents in order before a disaster strikes

Get financial, insurance documents in order before a disaster strikes

Thousands of people who have lost homes in the California wildfires discovered too late that their insurance coverage had not kept up with the rising cost of lumber, labor and other rebuilding materials. Talk to your insurer to make sure you have enough coverage but, for a quick reality check, ask a local contractor how much it costs to build per square foot and multiply that by your home’s size.

One of the most painful post-disaster tasks is compiling an inventory of possessions so you can seek reimbursement for the contents coverage. It’s far easier to put the list together beforehand.

Here are tips for shoring up your finances:

Safeguard your documents: Keep a copy of your will, trust, birth and marriage certificates, Social Security cards, insurance papers, medical information, most recent tax return, receipts for high-ticket items and other important documents in a safe deposit box. You can also scan and save them to a DVD or flash drive, which you can give to a trusted friend or family member outside the region. Another option is to save them in the cloud.

Break out the camera: Your insurance will pay for everything you lost — up to your policy limits — as a result of a covered “peril,” such as fire or windstorm. To get reimbursed for your personal belongings, most companies require a detailed inventory of every item lost, although some will advance a portion of your contents coverage without this list. While your house is still standing, use an online inventory or app or print a blank one from the California Department of Insurance or consumer group United Policyholders. Store it away from your home or better yet, in the cloud. At the very least, take photos or videos of everything in your home and outbuildings, including

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Order A Subscription And Get Immediate Access Craft Enterprise Daily

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Sites like Elance and Upwork are great places to get started freelance writing, and you may easily build a small enterprise round your abilities as a contract writer, or potentially broaden to include different writers (or graphic designers, internet designers, and so on) down the highway. … Read the rest