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The Federal Reserve Board (FRB) announced that it is projected to have a deficit of $114.3 billion (about ¥16.6 trillion) in its provisional accounts for the year 2023.
The amount of the deficit is the largest ever.The significant increase in interest rates has had an impact on the interest payments on funds that banks in the market deposit with the FRB.The previous year had a surplus of $58.8 billion.
On January 19th, some of the current temporary budget will expire, and the possibility of a government shutdown by government-related agencies will become a reality once again.The monthly government bond interest payments already exceed defense spending.
The Biden administration is overspending money.This impact will arrive as early as March.
The Fed still has some cards to play. We should implement policies that were not done in election years in the past, but this is also a poison.Financial markets are in great turmoil.
The amount of the deficit is the largest ever.The significant increase in interest rates has had an impact on the interest payments on funds that banks in the market deposit with the FRB.The previous year had a surplus of $58.8 billion.
On January 19th, some of the current temporary budget will expire, and the possibility of a government shutdown by government-related agencies will become a reality once again.The monthly government bond interest payments already exceed defense spending.
The Biden administration is overspending money.This impact will arrive as early as March.
The Fed still has some cards to play. We should implement policies that were not done in election years in the past, but this is also a poison.Financial markets are in great turmoil.
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Hello Moomoo users!Thank you for your hard work. Today's stock price summary is as follows. Thank you in advance.
●The Nikkei Average ended at 30601.78 yen, 668.14 yen lower than the previous business day
● Year-to-date low updates where excessive exchange rate fluctuations are undesirable - Deputy Chief Cabinet Secretary
● Long-term interest rates rise to 0.885% = high level for the first time in 10 years and 3 months
● Denso invests 500 billion yen in semiconductors and makes stable procurement compatible with electrification
● SoftBank G is drastically depreciating, and it looks like they are attacking and defending against the 6000 yen mark due to weak US high-tech stocks and headwinds
● Takeda revises operating profit of 124 billion yen downward and losses due to new drugs under development
● Attention to the handle: $Denso (6902.JP)$、 $Takeda Pharmaceutical (4502.JP)$、 $Toyota Motor (7203.JP)$、 $SoftBank Group (9984.JP)$etc
ー Moo Moo News Japanese stock Evelyn
Market Overview
Today's Nikkei Stock Average is 30601.78 yen, 668.14 yen lower than the previous business day, and the TSE stock price index (TOPIX)...
●The Nikkei Average ended at 30601.78 yen, 668.14 yen lower than the previous business day
● Year-to-date low updates where excessive exchange rate fluctuations are undesirable - Deputy Chief Cabinet Secretary
● Long-term interest rates rise to 0.885% = high level for the first time in 10 years and 3 months
● Denso invests 500 billion yen in semiconductors and makes stable procurement compatible with electrification
● SoftBank G is drastically depreciating, and it looks like they are attacking and defending against the 6000 yen mark due to weak US high-tech stocks and headwinds
● Takeda revises operating profit of 124 billion yen downward and losses due to new drugs under development
● Attention to the handle: $Denso (6902.JP)$、 $Takeda Pharmaceutical (4502.JP)$、 $Toyota Motor (7203.JP)$、 $SoftBank Group (9984.JP)$etc
ー Moo Moo News Japanese stock Evelyn
Market Overview
Today's Nikkei Stock Average is 30601.78 yen, 668.14 yen lower than the previous business day, and the TSE stock price index (TOPIX)...
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