dChan
Anonymous ID: f1f34f Nov. 1, 2023, 4:43 p.m. No.19845054   🗄️.is 🔗kun   >>5138 >>5177 >>5246 >>5304 >>5548 >>5616 >>5685

Japan Eyeing 17 T. Yen for Economic Package

 

(Kishida polling at lowest and just took part in a 3 day nuclear accident drill over last weekend-so look for an ‘accident’ to occur to boost those #s and the ubiquitous buying of votes with this now-understand this…..the current financial system ends when the central banking system loses control of the BoJ….this is NOT some outlier country as you don’t have a GDP vs. Debt ratio approaching 300% by accident….see muh yen carry trade-ignore what goes on here at your own peril)

 

Japan's government and ruling coalition are in talks to set the size of the planned economic package at around 17 trillion yen, government sources said Wednesday. 
The package, to be adopted by the cabinet Thursday, will include individual income and residential tax cuts costing the government 3.5 trillion yen, which Prime Minister Fumio Kishida has promised to implement in June 2024 to cushion the impact of rising prices. With wage growth not keeping pace with price increases in Japan, the government and ruling bloc aim to support the economy by offering the fixed-amount tax cuts as well as benefits under the package to ease the burdens of households.
They plan to earmark 13.1 trillion yen in general account spending under a fiscal 2023 supplementary budget for financing the economic package, excluding the tax cuts and some other measures.The package will include measures to tackle soaring gasoline prices,(with imports of energy down 16% at last report)extend steps to curb electricity and gas bills, promote domestic investment in cutting-edge semiconductors and establish a strategic fund for the space sector.

 

https://jen.jiji.com/jc/eng?g=eco&k=2023110100605

Anonymous ID: f1f34f Nov. 1, 2023, 4:53 p.m. No.19845105   🗄️.is 🔗kun

>>19845056

The TERRAXX call sign usually used for training flights. Leaves McGuire goes to JBA (picks up) then out for a pretty wide vector west then south and north back to JBA

Drops off at JBA and returns to McGuire

Anonymous ID: f1f34f Nov. 1, 2023, 5:23 p.m. No.19845281   🗄️.is 🔗kun   >>5308

>>19845246

> Owners of the debt (whoever the f that is) are paying for the privilege of owning it

BoJ owns something around 70% of it all plus are largest holders of Japanese equity markets so, in essence, parked in a black hole.

Anonymous ID: f1f34f Nov. 1, 2023, 5:31 p.m. No.19845321   🗄️.is 🔗kun

>>19845308

Meaningless until they decide it is meaningful like when (((they))) are ready for an alternative

Which will eventually habben.

Not tomorrow or next month however gravity does eventually werk at some point.

You will spooge if you keep doing it

Anonymous ID: f1f34f Nov. 1, 2023, 6:06 p.m. No.19845528   🗄️.is 🔗kun   >>5616 >>5685

US FDIC is probing former First Republic Bank directors and officers

 

(Just a little late after JP Moran padded it’s earnings….you investigate it nao??…Fuggen laughable)

 

The Federal Deposit Insurance Corporation (FDIC) is investigating potential misconduct by executives and board members of First Republic Bank (FRCB.PK), raising the prospect of stiff penalties for the failed bank's former bosses.

"We can confirm a D&O probe into First Republic is taking place," a spokesperson told Reuters on Wednesday, referring to the bank's directors and officers. The regulator did not provide further details. The investigation, which has not previously been reported, is the third the FDIC has opened into bank failures earlier this year which cost the federal government's deposit insurance fund about $32 billion.

FDIC Chairman Martin Gruenberg said in March the agency was also probing possible misconduct related to the collapses of Silicon Valley Bank (SVB) and Signature Bank (SBNY.PK) New York. The FDIC has not provided updates on these investigations. The three banks, which combined held more than half a trillion dollars in assets, failed following depositor runs. Regulators have said they each exhibited weak risk management and ran high levels of uninsured deposits.

As with SVB and Signature Bank, the FDIC is probing whether First Republic executives and board members broke rules that require them to act in the bank's best interests.

Under federal law, the FDIC can ban former directors and officers from the industry, and impose fines for breaching their fiduciary duty and unsafe or unsound practices that involve dishonesty or "willful or continuing disregard" for a bank's well being.

 

Former First Republic CEO and President Michael Roffler and former Executive Chairman James Herbert could not immediately be reached for comment. Attorneys representing the bank's independent board members did not immediately return requests for comment.

Roffler told lawmakers in May that regulators never expressed any concern about the bank's strategy, liquidity or management and it had been "contaminated overnight" by the depositor panic from SVB and Signature Bank.

 

https://www.reuters.com/business/finance/us-fdic-is-probing-former-first-republic-bank-directors-officers-spokesperson-2023-11-01/