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☆ FACTBOX BOJ's next steps and triggers for policy shift
▼ + stars: | 2023-06-15 | by ( Leika Kihara | ) www.reuters.com time to read: +4 min

While Ueda has stressed the BOJ will be in no rush to dial back stimulus, the central bank is dropping clues on possible triggers of a policy shift. ABANDON OR TWEAK YIELD TARGETIn ending YCC, the first step will be to abandon or modify the 10-year yield target. One idea would be to widen the band around the yield target, now set at 50 basis points on either side. TWEAKING FORWARD GUIDANCEBefore tweaking the yield cap, the BOJ could drop more hints of a policy shift such as by modifying forward guidance. Big upward revisions to its inflation forecasts at a July quarterly review would signal the BOJ's conviction that conditions for a policy shift are falling into place.

Persons: Kazuo Ueda's, Ueda, YCC, Leika Kihara, Sam Holmes Organizations: Bank of Japan, Thomson Locations: TOKYO, Japan

☆ North Korea fires two short-range missiles after warning of response to allied drills
▼ + stars: | 2023-06-15 | by ( ) www.reuters.com time to read: +2 min

SEOUL, June 15 (Reuters) - North Korea fired two short-range missiles off its east coast on Thursday, the South Korean military said, less than an hour after Pyongyang warned of an "inevitable" response to military drills staged earlier in the day by South Korean and U.S. troops. The latest action by North Korea came as U.S. President Joe Biden's national security adviser, Jake Sullivan, was in Tokyo for meetings with his Japanese and South Korean counterparts. The government was due to hold a National Security Council meeting, Kyodo news reported separately. North Korea's ballistic missile and nuclear weapons programmes are banned by United Nations Security Council resolutions that have sanctioned the country. South Korea sued North Korea on Wednesday for $35 million in compensation for a liaison office that North Korea blew up in 2020, in a case highlighting the breakdown of ties between the neighbours as the North presses on with its weapons programmes.

Persons: Joe Biden's, Jake Sullivan, Cho Tae, Takeo Akiba, Yoon Suk, Heekyong Yang, Josh Smith, Tim Kelly, John Stonestreet, Alex Richardson, Chizu Organizations: South Korean, Korean, South, National, National Security Council, Kyodo, North Korea's Ministry of National Defence, United Nations, Thomson Locations: SEOUL, North Korea, Pyongyang, U.S, Tokyo, Japan, Hegura, Ishikawa prefecture, South Korea, Korea, Seoul

☆ Cramer explains how four different camps of buyers see mixed messages in the Fed's rate strategy
▼ + stars: | 2023-06-15 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Thursday explained four different schools of thought in examining the mixed messages they took from Wednesday's Federal Reserve meeting. Cramer noted that the first camp of buyers believe the Fed's bark is worse than its bite and don't think it will end up hiking rates to the point of recession. These buyers, according to Cramer, are investing in industrial companies that do well in a bustling economy. Cramer believes these buyers would be wise to invest in Big Pharma because the industry is "more or less recession-proof." "When you put these four, often contradictory, groups of buyers together, you can get a magnificent run across the board like we had today," Cramer said.

Persons: CNBC's Jim Cramer, Cramer, Eli Lilly, Johnson Organizations: Wednesday's Federal, Fed, Big Pharma Locations: Cava

Velyka Novosilka, Ukraine CNN —Under clear and sunny skies, a Ukrainian soldier speeds down a long, straight road toward forward positions close to the front line. Combat medic "Winnie" says he and his fellow physicians try to provide first aid to advancing Ukrainian forces as soon as possible and reduce the amount of casualties. Vasco Cotovio/CNNUkrainian forces have been working to stabilize some of the liberated villages but when CNN visited Velyka Novosilka, the situation remained very fluid. But I think we will win.”The frontline town of Velyka Novosilka bears the scars of a year and a half of shelling. That superiority was on full display during the CNN team’s visit when the Ukrainian forces came under repeated attack by Russian Su-25 ground attack fighter jets.

Persons: Velyka Novosilka, swerves, ”, Vasco Cotovio, “, Winnie, “ There’s, ” Velyka, Jaeger, Mara, ” Skrypal, Novosilka, Jaeger Brigade’s, Vasyl Matyiev, ” Matyiev, Ukraine's, Russian Su, Velyka, “ I’ve, Tatiana, – Organizations: Ukraine CNN, CNN, CNN Ukrainian, Vasco, intel, 68th Jaeger, Ukrainian, “ Volunteers Locations: Ukraine, Ukrainian, Velyka, Neskuchne, Russia, Western, Moscow, Russian, Bakhmut, Velyka Novosilka

☆ Zimbabweans hit by rising prices as local currency plummets
▼ + stars: | 2023-06-14 | by ( Nyasha Chingono | ) www.reuters.com time to read: +2 min

HARARE, June 14 (Reuters) - Zimbabwean businesses and households are fearing a repeat of the hyperinflation seen more than a decade ago as prices of basic commodities spike after a sharp weakening in the local currency, despite government efforts to boost it. "I went into the supermarket to buy bread and other groceries items but I was shocked to see that prices had gone up. While some retailers have hiked local currency prices, others are trading exclusively in U.S. dollars to cushion themselves from the weakening Zimdollar. "It is not possible for the retailer to procure goods with U.S. dollar and sell them in local currency," Confederation of Zimbabwe Retailers president Denford Mutashu said. As panic over the weakening Zimdollar spreads, there have been calls for Zimbabwe to again fully dollarise the economy.

Persons: Denford Mutashu, Gift Mugano, John Mangudya, Mangudya, Nyasha, Olivia Kumwenda, Mark Potter Organizations: U.S ., of Zimbabwe Retailers, Reuters, Thomson Locations: HARARE, Zimbabwe, Reuters Zimbabwe

That yen hoard has mostly been held as cash with the aim of ploughing into Japanese bonds when yields eventually turn higher. "We're all waiting for the end of YCC so we can buy JGBs," said a Japanese pension fund manager who requested anonymity as he is not authorized to speak to media. Japanese banks have ploughed money into overseas bonds, but insurance firms and pension funds have kept their powder dry. MARKETS WONT BLINKSuch is the positioning and inertia among long term Japanese investors that analysts expect markets to barely blink even if the BOJ plays for time this week. Lifers and pension funds say they have very little exposure to Japanese government bonds, so a surprise policy change won't hurt them either.

Persons: Androniki, Haruhiko Kuroda, Kazuo Ueda, Bart Wakabayashi, Hirofumi Suzuki, Suzuki, Kevin Buckland, Ankur Banerjee, Vidya Ranganathan Organizations: REUTERS, Bank of, Japan, Nippon Life Insurance, Sumitomo Life Insurance, Insurance, State, Thomson Locations: Japan, Tokyo, TOKYO, SINGAPORE, YCC, Singapore

☆ Factbox: BOJ's next steps and triggers for policy shift
▼ + stars: | 2023-06-13 | by ( Leika Kihara | ) www.reuters.com time to read: +4 min

Persons: Kazuo Ueda's, Ueda, YCC, Leika Kihara, Sam Holmes Organizations: Bank of Japan, Thomson Locations: TOKYO, Japan

☆ Donetsk and Zaporizhzhia: Russian accounts admit Ukrainian forces are making some gains in heavy fighting
▼ + stars: | 2023-06-13 | by ( Tim Lister Josh Pennington Maria Kostenko Helen Regan | Tim Lister | Josh Pennington | ) edition.cnn.com time to read: +7 min

The channel said Monday that Ukrainian forces were trying to take higher ground to “create conditions for advancing,” and assessed that their aim was to advance toward the Russian-occupied hub of Staromlynivka. CNN cannot independently verify battlefield reports and other accounts paint a gloomier picture for Russian forces around Makarivka. Ukrainian deputy defense minister Maliar said Monday that Makarivka was one of seven villages recaptured by Ukrainian forces in the past week. Meanwhile, one of the most prominent Russian bloggers, Voenkor Kotenok, said late Monday that a senior Russian officer was killed as troops of Russia’s Fifth Army were forced to leave Makarivka. ‘Ultimate goal’In his nightly address Monday, Ukrainian President Volodymyr Zelensky said the fighting in the Donetsk-Zaporizhzhia border region is tough but Ukrainian forces are recapturing territory.

Persons: Kryvyi Rih, Oleksandr Vilkul, Hanna Maliar, Kyiv’s, Vladimir Rogov, ” Rogov, Anatolii Stepanov, ”, Rogov, Maliar, Makarivka, “, Neskuchne, Voenkor Kotenok, Voenkor, Sergei Goryachev, Goryachev, WarGonzo, Volodymyr Zelensky, ” Zelensky, Igor Zhovkva, ” Zhovkva Organizations: CNN, Air, Saturday, Russian Telegram, ”, Getty, Makarivka, 127th Division, Donetsk, “, Donetsk ”, Russia’s Fifth Army, Staff, Arms Army, Russian Defense Ministry, United Group of Forces, Ukrainian Ground Forces Locations: Ukraine’s, Donetsk, Russian, Ukrainian, Kryvyi, Moscow, Velyka, Ukraine, Russia, Urozhaine, Staromlynivka, Zaporizhzhia, AFP, Makarivka, ”, Orikhiv, Crimea

☆ PREVIEW Cricket-Australia braced for England storm with Ashes on the line
▼ + stars: | 2023-06-13 | by ( Martyn Herman | ) www.reuters.com time to read: +4 min

England made a first-day record 506 runs in 75 overs in the first test against Pakistan in Rawalpindi. "Every Ashes series gets the juices flowing but there's added excitement this time around," former England skipper Nasser Hussain told The Metro. "That's because of the brand and style of cricket this England side are playing. "I think England are marginal favourites just because Australia haven't won over here for such a long time but it's very hard to call. All I know is there won't be too many draws," former England captain Michael Atherton said.

Persons: Brendon, Baz, McCullum, Ben Stokes, Stokes, Pat Cummins, Steve Smith, Marnus, Travis, Mitchell Starc, Josh Hazlewood, Nasser Hussain, Stuart Broad, Ollie Pope, Broad, James Anderson, Ollie Robinson, Mark Wood, Moeen Ali, England's, Jack Leach, Australia haven't, Michael Atherton, Martyn Herman, Christian Radnedge Organizations: Australia, Pakistan, New Zealand, England, India, Cummins, Metro, Thomson Locations: England, India, New Zealand, South Africa, Pakistan, Rawalpindi, Edgbaston, Australia, London, Lord's

NEW YORK, June 13 (Reuters) - The U.S. Environmental Protection Agency is expected to release a final rule on biofuel blending volume mandates for the years 2023-2025 by June 21, after seeking a one-week extension on a deadline for the rule, according to a court document on Tuesday. The EPA was set to issue a final rule by Wednesday under a court-ordered deadline, but has agreed to an extension with industry trade group Growth Energy, the filing showed. The final rule is set to mark a new chapter of the Renewable Fuel Standard (RFS) program, which is more than a decade old. The EPA is expected to abandon that part of the proposal in the final rule, Reuters previously reported, citing sources. It is unclear whether those requirements will change in the final rule.

Persons: Stephanie Kelly, Jarrett Renshaw, Paul Simao, Barbara Lewis Organizations: YORK, Environmental Protection Agency, EPA, Growth Energy, Reuters, U.S, District of Columbia, Renewable, Thomson

☆ Reddit CEO warns employees not to wear Reddit swag in public as users revolt
▼ + stars: | 2023-06-13 | by ( Paul Squire | ) www.businessinsider.com time to read: +3 min

Reddit's CEO is warning employees not to wear branded gear in public as users stage a mass revolt. "Like all blowups on Reddit, this one will pass as well," Huffman told employees. In an internal memo obtained by The Verge, Huffman told employees to "please be mindful" of wearing Reddit gear. The developer of Apollo, a hugely popular third-party app, said the changes would cost them millions and force them to shut down. The loss of third-party apps would force users onto the official Reddit app, where they'd have to deal with advertisements.

Persons: Steve Huffman shrugged, Huffman, Steve Huffman, Reddit, they'd, hasn't Organizations: Morning, Wall Street Journal

☆ British man detained climbing South Korean skyscraper
▼ + stars: | 2023-06-12 | by ( ) www.reuters.com time to read: +1 min

[1/2] A British man climbs South Korea's tallest building, the 123-storey Lotte World Tower, without a rope before being forced to abandon the climb more than halfway up, in Seoul, South Korea, June 12, 2023. South Korea's Songpa Fire Station/Handout via REUTERSSEOUL, June 12 (Reuters) - A British man attempted to scale the world's fifth tallest building without ropes on Monday until South Korean authorities forced him to abandon his climb more than half way up the 123-storey Lotte World Tower in Seoul. The 24-year-old man, wearing shorts, made his way up the landmark skyscraper for more than an hour as police and fire crews gathered below. British media reported he was arrested and jailed for climbing the Shard building in London in 2019. In 2018, police arrested “French Spiderman” Alain Robert as he was more than half-way up the Lotte World Tower.

Persons: George King, Thompson, “, ” Alain Robert, Robert Birsel Organizations: Lotte, REUTERS, South, Chosun Ilbo, Thomson Locations: British, Seoul, South Korea, Handout, REUTERS SEOUL, London

☆ Westfield giving up San Francisco mall amid falling foot traffic
▼ + stars: | 2023-06-12 | by ( Samantha Delouya | ) edition.cnn.com time to read: +2 min

CNN —Shopping mall operator Westfield said it plans to give up control of the San Francisco Centre mall after more than 20 years of operation in another sign of San Francisco’s economic struggles. Last month, a Westfield spokesperson attributed Nordstrom’s closing to “unsafe conditions for customers, retailers, and employees.”Once a bustling retail center in the heart of San Francisco, the San Francisco Centre has taken a significant hit in the past few years. Three years later, corporate America has yet to return in the same numbers: office vacancies in San Francisco have reached a 30-year high. According to a tally from the San Francisco Standard, twenty retailers near San Francisco’s Union Square have closed their doors since 2020. Westfield said it has already begun transferring management of the San Francisco Centre back to its lender, which will appoint a receiver to operate the property going forward.

Persons: Thomas Baltimore , Jr Organizations: CNN, Westfield, San Francisco Centre, Nordstrom, San Francisco, San, Resorts, Hilton San Francisco, Square Locations: San Francisco, Banana, Westfield, Westfield’s, America, San Francisco’s Union, Baltimore

"It is clear that to ensure economic confidence, legal consistency is a must," one of the senior officials said. Deniz Ozen, lawyer for the Turkish Workers' Party MP, said authorities are violating Turkish law by keeping him in jail. Emma Sinclair-Webb, Turkey director of Human Rights Watch, said a discredited justice system is a matter of concern especially for European investors. Reinforcing the apparent U-turn, Erdogan on Friday named Hafize Gaye Erkan as central bank governor, paving the way for interest rate hikes. "No matter the economic reforms, the investment will not significantly ramp up," he said.

Persons: Erdogan, Tayyip Erdogan, Mehmet Simsek, Simsek, Mehmet Gun, Orhan Turan, Turkey's, Osman, Deniz Ozen, Emma Sinclair, Hafize Gaye Erkan, Howard Eissenstat, Burcu Karakas, Jonathan Spicer, Catherine Evans Organizations: Better Justice Association, Istanbul Convention, Gazette, Bank, AK Party, of Human, Human Rights, Turkish Workers ' Party, Finance, St, Lawrence University, Thomson Locations: ISTANBUL, Turkey, Istanbul, Osman Kavala, Kavala, Webb

☆ Why Trump’s second indictment may not sink him in 2024
▼ + stars: | 2023-06-11 | by ( Harry Enten | ) edition.cnn.com time to read: +4 min

CNN —The evidence in the indictment against Donald Trump for his alleged mishandling of classified documents after leaving office can seem “jaw-dropping”. Keep in mind, though, that 50% of Americans indicated in an ABC News/Ipsos poll after his New York indictment related to alleged hush money payments to adult film star Stormy Daniels. Biden was a point ahead of him in an average of national surveys before the New York indictment. There have been some signs, however, that Trump’s post-New York indictment bump has stalled and even receded somewhat. Whether another indictment is the way to eat into his support among Republicans is a whole other question.

Persons: Donald Trump, Trump, Stormy Daniels, shouldn’t, Joe Biden, Biden, Ron DeSantis Organizations: CNN, ABC News, Washington Post, Trump, ABC, GOP, Florida Gov, Republican, Republicans Locations: New York, York, Miami

WASHINGTON, June 9 (Reuters) - American Airlines (AAL.O) and JetBlue Airways (JBLU.O) asked a U.S. judge late Friday to allow them to continue mutual frequent flyer recognition and codeshare arrangements. Codeshares allow multiple airlines to sell seats for the same flight. The Justice Department said Sorokin should reject the airlines "invitation to craft a new 'NEA Lite' on the fly." American is the largest U.S. airline by fleet size and low-cost carrier. Separately, the Justice Department filed suit in March aimed at stopping JetBlue from buying discount rival Spirit Airlines (SAVE.N).

Persons: Leo Sorokin, Sorokin, David Shepardson, Diane Craft Organizations: American Airlines, JetBlue Airways, District, Northeast Alliance, NEA, Justice Department, American, JetBlue Boston, U.S, JetBlue, Department, Spirit Airlines, Thomson Locations: New York, Boston, Washington, York, JFK, LaGuardia, Newark

☆ Successful couples share 3 key values—forget 'opposites attract,' says dating expert
▼ + stars: | 2023-06-10 | by ( Aditi Shrikant | ) www.cnbc.com time to read: 1 min

Old adages are often rooted in timeless wisdom: where there's smoke there's fire, two wrongs don't make a right. But some truisms need to be put to rest, says Rachel DeAlto, chief dating expert at Match.com. When it comes to dating, if you want to find a long-term partner it might help to abandon the thought that "opposites attract." "Everyone thinks opposite attract, but the reality is similarities are what you can build a foundation on," she says. Three values in particular, she says, can determine whether a relationship is viable long-term.

Persons: Rachel DeAlto

☆ George Santos says the people backing up his bond are family members who will bail on him if their names are publicly released
▼ + stars: | 2023-06-09 | by ( Kelly Mclaughlin | ) www.businessinsider.com time to read: +3 min

Santos' lawyer asked a federal judge not to release the names of the people backing Santos' bond. Santos' lawyer says family members would likely abandon Santos if their names are made public. In a court filing in the US District Court for the Eastern District of New York, attorney Joseph Murray asked District Court Judge Joanna Seybert to block the names of Santos' guarantors from being released. Murray said that Santos and his staff have faced a "media frenzy and hateful attacks" since Santos was indicted. Insider is among a coalition of news organizations seeking the names of the bond suretors.

Persons: Santos, —, George Santos, representative's, Joseph Murray, Joanna Seybert, Anne Shields —, Santos —, Defendant, Murray, Seybert Organizations: Service, Court, Eastern, of, Prosecutors Locations: of New York

☆ Republican primary candidates tap-dance around second Trump indictment charges
▼ + stars: | 2023-06-09 | by ( Gregory Krieg | ) edition.cnn.com time to read: +9 min

For his rivals, though, the campaign has been frozen in place, with Trump again seizing the spotlight and relegating them to supporting roles. So when word of the indictment broke, DeSantis sprinted to Trump’s corner – along with the loyalists he is ultimately hoping will break for him. Look, look at this.”Among the 2024 field, DeSantis and longshot primary candidate Vivek Ramaswamy emerged overnight as Trump’s most ardent defenders. Ahead of a new ad launch, its first of the 2024 primary, a senior adviser to the group said the new indictment furthered Christie’s political case against Trump. “While Donald Trump is entitled to the presumption of innocence, the ongoing criminal proceedings will be a major distraction,” Hutchinson said.

Persons: Donald Trump –, –, Trump, Ron DeSantis, Justice “ weaponized ”, Joe Biden, Donald, DeSantis, ” DeSantis, Clinton, Hunter, Biden, Trump’s, Attorney Alvin Bragg, ” Trump, Vivek Ramaswamy, Ramaswamy, ”, Mike Pence, Hugh Hewitt, “ We’re, ” Pence, “, Pence, General Merrick Garland, Nikki Haley, ” Haley, Haley, South Carolina Sen, Tim Scott, demurred, ” Scott, Chris Christie, ” Christie, Colin Reed, Asa Hutchinson, Donald Trump, ” Hutchinson Organizations: CNN, Trump, Florida Gov, Department, Justice, Republican, Republican Party, Manhattan, Attorney, Justice Department, FBI, United Nations, South Carolina Gov, Fox, Department of Justice, Former New Jersey Gov, “, GOP, Arkansas Gov Locations: Florida, Iowa’s, New York City, “, South Florida, Iran, ”, South Carolina, Arkansas

☆ Female flight attendants will no longer have to wear high heels and male crew can wear makeup after an airline updated its rules
▼ + stars: | 2023-06-09 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +3 min

Qantas Airways updated its uniform policy allowing female staff to abandon high heels. The new rules allows anyone to wear makeup, but tattoos still need to be concealed. Another airline has given its presentation rules a makeover, letting female flight attendants abandon high heels and allowing anyone to wear makeup. Anyone can wear makeup if they choose to, and have hair in a ponytail or bun. In March, Spanish airline Vueling was reportedly fined 30,000 euros (about $32,000) for enforcing a strict high heel and makeup policy in its female cabin crew.

Persons: sideburns, Alan Joyce, Imogen Sturni, Vueling, Virgin Atlantic Organizations: Qantas Airways, Qantas, Australian Services Union, BBC, Jetstar, Virgin Locations: Spanish

☆ Opinion: A blistering indictment of the Trump-Biden legacy in Afghanistan
▼ + stars: | 2023-06-09 | by ( Peter Bergen | ) edition.cnn.com time to read: +7 min

The withdrawal agreement was supposed to be predicated on the Taliban negotiating with the elected Afghan government about some kind of power-sharing arrangement and cutting their ties to terrorist groups like al Qaeda. Zawahiri was living in Kabul with the “awareness” of Taliban officials, according to a Biden senior administration official. Worrisomely, al Qaeda is “covertly rebuilding its external operations capability,” according to the UN, i.e., its ability to launch attacks outside of Afghanistan. Of these, an astonishing 35 hold cabinet-level positions in the de facto Afghan government, according to the report. In sum, “debacle” seems almost too kind a word to describe the Trump-Biden legacy in Afghanistan.

Persons: Peter Bergen, Donald Trump’s, Joe Biden, Biden, Zalmay Khalilzad, “, al Qaeda, Ayman al Zawahiri, Zawahiri, Hibatullah Akhundzada, Edmund Fitton, Brown, ”, Fitton Organizations: New, Arizona State University, Apple, Spotify, CNN, United, US, Afghan, Biden, Trump, US House Foreign Affairs Committee, Taliban, UN, ISIS, Pakistan, Twitter, “, NATO Locations: New America, United Nations, Afghanistan, al Qaeda, United States, Qaeda, Kabul, Pakistani, Afghan, Kandahar, America

[1/4] Residents of the Shebekinsky district of Russia's Belgorod region, who were evacuated following recent attacks on settlements near the Russia-Ukraine border in the course of a military conflict, visit a humanitarian aid distribution centre in Belgorod, Russia, June 8, 2023. REUTERS/Maxim ShemetovSummary This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine. The blasts - some distant, some uncomfortably close - have become a daily reality for Markevich and her neighbours in the Russian town of Razumnoye, a 35-minute drive from the border with Ukraine. So too has the occasional boom of Russian air defences directed against incoming missiles or drones. Her neighbour Natalia Cherkashina, 65, said that what once seemed like a faraway conflict was now very close to home.

Persons: Maxim, Irina Markevich, Markevich, Natalia Cherkashina, they're, Viktor Ignatyev, Vyacheslav Gladkov, Cherkashina, Mark Trevelyan, Andrew Heavens Organizations: REUTERS, Reuters, Thomson Locations: Shebekinsky, Russia's Belgorod, Russia, Ukraine, Belgorod, RAZUMNOYE, Russian, Razumnoye, Moscow, Ukrainian

☆ The Fed has to either raise rates or abandon their 2% inflation target, says Veritas' Gregory Branch
▼ + stars: | 2023-06-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed has to either raise rates or abandon their 2% inflation target, says Veritas' Gregory BranchGregory Branch, founder and managing partner at Veritas Financial Group, joins 'Closing Bell' to discuss missing market estimates, the bear case for equities, and prospects for 2024.

Persons: Branch Gregory Branch Organizations: Veritas Financial

The draft plan, which was presented at Kishida's top economic advisory panel on Wednesday, underscored the challenge for the leader, who is seen as a fiscal hawk, to strike a balance between economic growth and fiscal consolidation. The closely-watched policy framework will be approved by Kishida's cabinet this month, along with a separate action plan on his "new capitalism" agenda. "We will not abandon the flag of fiscal reform," Economy Minister Shigeyuki Goto told reporters after the panel's meeting. "There's no change to the government stance of striving to achieve a primary budget surplus in fiscal 2025," Goto added. The framework said the government will conduct a review of any progress of its fiscal reform in the fiscal year 2024 so as to create a medium-term economy and fiscal scheme.

Persons: Fumio Kishida's, Takahide Kiuchi, Shigeyuki Goto, Goto, largesse, Kishida Organizations: Nomura Research Institute, Liberal Democratic Party, LDP ₎, International Monetary Fund, Bank of Japan, Thomson Locations: TOKYO, Japan

Shevtsova is one of thousands of Russians who have abandoned their homes and taken shelter in Belgorod, the nearest big Russian city to the border with Ukraine. Russia said it killed more than 70 of them and pushed the rest back across the border. Ukraine said it had nothing to do with the attack, which it cast as internal Russian strife. Alexandra Bespalova, another uprooted resident of Shebekino, said she still supported Moscow's actions in Ukraine, but that Russia needed to do something to protect its own territories. "I always believed that we were right, that our government is right taking Luhansk, the Donbas region, our Russian people under its wing," she said.

Persons: Irina Shevtsova, we’ve, Vladimir Putin, Yevgeny Prigozhin, Wagner, Lyudmila Rumyantseva, Ramzan Kadyrov, We’ll, Sergei, Shebekino, Prigozhin's Wagner, Vyacheslav Gladkov, Alexandra Bespalova, Mark Trevelyan, Grant McCool Organizations: Russian, Reuters, Thomson Locations: Shebekinsky, Russia's Belgorod, Russia, Ukraine, Belgorod, BELGOROD, Russian, Shebekino, Prigozhin, Russia's, Chechnya, Luhansk

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