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Japan stimulus measures should focus on economic growth, says head of ruling party tax panel

Japan stimulus measures should focus on economic growth, says head of ruling party tax panel

By Yoshifumi Takemoto

TOKYO, Oct 14 (Reuters)Japan must compile another extra budget to have enough funding to boost economic growth and paying for disaster preparations, a ruling party lawmaker said on Wednesday.

Akira Amari, the head of the Liberal Democratic Party’s tax panel, said any new stimulus measures should shift focus to boosting economic growth from providing support for current conditions.

Amari, speaking during a group interview with media, also said large businesses heavily reliant on foreign tourism could expect to start facing capital shortages next year.

His remarks came after local media reported on Tuesday that Prime Minister Yoshihide Suga plans to order his government to compile extra stimulus measures as early as November, a move that would highlight the government’s resolve to return growth to levels last seen before the COVID-19 crisis.

Japan has already rolled out a combined $2.2 trillion in two stimulus packages in response to the health crisis, including cash payments to households and small business loans to help them withstand the blow to demand.

(Reporting by Yoshifumi Takemoto; Writing by Daniel Leussink; Editing by Clarence Fernandez and Gerry Doyle)

((daniel.leussink@thomsonreuters.com; Twitter: @danielleussink; +81-3-4563-2747;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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AM Best to Lead Panel Discussion at 2020 Florida Insurance Market Summit

AM Best to Lead Panel Discussion at 2020 Florida Insurance Market Summit

AM Best Chief Rating Officer Stefan Holzberger and Director Michelle Baurkot will lead a panel discussion on key issues affecting the insurance industry at the Florida Insurance Market Summit, which is taking place as a series of webinars throughout fall 2020.

Joining Holzberger and Baurkot in the panel session, which will take place Wednesday, Oct. 14, 2020, at 11 a.m. (EDT), is Pat Matthews, head of global rating agency advisory, and Kathleen Armstrong, managing director, both of Aon. Topics to be discussed include insurance industry innovation; the impact of the COVID-19 pandemic on the industry; incorporating stress testing into enterprise risk management and the challenges facing the Florida insurance market. As AM Best’s Chief Rating Officer, Holzberger is responsible for the agency’s global ratings coverage. Baurkot leads a team of property/casualty rating analysts that cover regional personal and commercial lines writers in North America.

The Florida Insurance Market Summit is sponsored jointly by Colodny Fass and Aon. The event’s program is geared toward providing insight on present-day issues affecting insurers in Florida and beyond. To learn more about the Florida Insurance Market Summit, please view the event website.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in New York, London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2020 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201007005856/en/

Contacts

Christopher Sharkey
Manager, Public Relations
+1 908 439 2200, ext. 5159
christopher.sharkey@ambest.com

Jim Peavy
Director, Public Relations
+1 908 439 2200, ext. 5644
james.peavy@ambest.com

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