Japan and US Intervene to Stabilize Yen Amidst Soaring Volatility
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August 3, 2026
Japan and the U.S. have launched a rare joint intervention to stabilize the yen amidst severe volatility, with Tokyo ready for further action. This move, backed by a 2025 finance ministers' statement, aims to counter economic headwinds from a weaker yen…
India’s Q1 Fiscal Deficit Nears 18% of Annual Target Amid Subsidy Surge and Modest Tax Growth
August 1, 2026
India's Q1 fiscal deficit reached 18% of its annual target, primarily driven by a significant surge in fuel and fertilizer subsidies amidst global price volatility. This performance underscores the challenges in balancing expenditure with modest tax…