Japan’s inflation rate rose in October, official data showed Friday ahead of the expected announcement of a major stimulus package by Prime Minister Sanae Takaichi’s government.

TOKYO] Japan’s inflation rate rose in October, official data showed on Friday (Nov 21), ahead of the expected announcement of a major stimulus package by Prime Minister Sanae Takaichi’s government. Read more at The Business Times.

The Japanese government is set Friday to finalize a massive economic package worth around 21.3 trillion yen ($135 billion) to tackle

Japanese Prime Minister Sanae Takaichi faces mounting pressure to soften her stance on Bank of Japan policy and unveil an economic package with a credible funding plan as the yen and government bonds lose ground ahead of her meeting with BOJ Governor Kazuo Ueda.

China has firmly rejected a proposed G20 meeting between Premier Li Qiang and Japan’s new Prime Minister Sanae Takaichi, with Beijing demanding Tokyo “behave itself.” Foreign Ministry spokesperson Mao Ning accused Japan of crossing red lines on Taiwan despite claiming no change in policy.

Japan ranks low in gender equality among developed nations. The first woman to lead the country is an ultraconservative who cites Margaret Thatcher as a role model. She also loves heavy metal.

Japan’s longer-maturity sovereign bonds tumbled further Tuesday as investor worries deepened that a big economic package from Prime Minister Sanae Takaichi would damage the nation’s public finances.

Japanese Prime Minister Sanae Takaichi said on Monday she would work on setting a new fiscal target extending through several years to allow more flexible spending, essentially watering down the country's commitment to fiscal consolidation.

Japan's parliament elected Sanae Takaichi as the country's first female prime minister Tuesday, after her party struck a coalition deal expected to pull her governing bloc further to the right.

With Friday marking one month since Prime Minister Sanae Takaichi took office, the new Japanese leader's plain speaking is proving to be both an asset and a liability. A government source said that Ta