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Related tickers and likely impact
USD/JPY
▲ Likely positiveRelevance: medium
| Market | Currencies |
|---|---|
| Close on 10/16/2026 | 157.995 |
| Change that session | 0.00% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- The world's richest nation just recorded a deficit of nearly $2,000 billion
The US Treasury reported on October 16 that the federal budget deficit for fiscal 2026 reached $1,992 billion, about 12% above the $1,775 billion of the prior year. It is the highest in five years and the third-largest annual deficit on record after 2020 and 2021, and marks the 25th straight fiscal year of deficits. The September deficit was $27 billion, versus a $198 billion surplus a year earlier. Social Security (nearly $1,700 billion) and Medicare (nearly $1,100 billion) were the largest outlays, and net interest costs topped $1,000 billion. Individual income tax revenue rose about 7% to over $2,800 billion, while corporate tax fell about $70 billion to $381 billion due to last year's tax cuts. Total debt exceeded $40,000 billion, pushing 10- and 30-year Treasury yields to 24-year highs.
- Japan weighs raising corporate tax to fund rising defense spending
Japan's government is reportedly considering raising corporate tax to fund a rise in defense spending, according to Japan Today citing sources familiar with the matter. The option comes as Japan revises three key security policy documents by year-end, which would likely push defense outlays above 10 trillion yen (about $63 billion) annually. The next five-year plan, covering fiscal 2027 through 2031, will focus on large-scale drone procurement and securing ammunition and missiles for a prolonged conflict, with a rough official estimate putting total spending at 70 trillion to 80 trillion yen. Businesses may resist a tax increase over concerns about wage growth and international competitiveness, and it remains unclear whether enough revenue can be raised. Defense spending for fiscal 2023 through 2027 is projected at about 43 trillion yen, and the 2% of GDP target for fiscal 2027 was reached ahead of schedule in fiscal 2025 after Sanae Takaichi became prime minister.
- Japan Government Bond Yields Ease After U . S . Tech Selloff
Japanese government bond yields eased on Monday morning as investors sought safety after losses in U.S. tech shares, with the 10-year yield at 2.9%, according to Reuters. The Nasdaq Composite fell 2.1% and the S&P 500 lost 1.1% in Friday's U.S. session; AP linked the selloff to concern that companies borrowing to expand AI may struggle to sustain spending as global bond yields rise. Prime Minister Sanae Takaichi told parliament the government would manage the total amount of bond issuance. The Bank of Japan raised its uncollateralized overnight call rate target to around 1.25% from around 1% on Sept. 18, and Governor Kazuo Ueda said underlying inflation was “quite close” to the 2% target. The BOJ's next policy meeting is scheduled for Oct. 29–30.
- Japanese Prime Minister Takaichi Rejects Criticism Around Weak Yen and High Interest Rates
Japanese Prime Minister Sanae Takaichi has rejected criticism that she is responsible both for the weak yen and for pushing up interest rates. Speaking in parliament in response to opposition lawmaker Yoshifumi Hamano about a second supplementary budget, she said she clearly denied the accusations and that her government will build confidence in the yen through a strong economy. The yen has weakened to its lowest since 1986 and government bond yields have hit multi-decade highs, prompting Tokyo and even Washington to intervene in the currency market. Takaichi said she will appropriately control bond issuance, and Bloomberg reported that total issuance for 2026 will remain unchanged from the original budget plan, though experts were skeptical. Monex's Jesper Koll has said that spending cannot rise without increasing debt.
- Australia has delayed economic reform and now a crisis is looming
A Grattan Institute report says state government debt has more than doubled since 2019, with the interest bill now at 0.6% of annual economic output, and warns that future Australians will pay for today's deficits through higher taxes or worse public services. An AMP survey finds more than half of adults under 30 have changed their plans to have children due to cost-of-living pressures, and saving a 20% deposit takes most more than a decade. To repair the budget, Grattan proposes raising the GST from 10% to 15% and taxing fresh food, which it estimates would raise an extra $76 billion a year, with $33 billion going to income tax cuts, $25 billion to welfare and rent assistance, and $18 billion to the states. It also recommends scrapping the 2018 GST deal with Western Australia to save $6 billion. The report notes Australia's tax take of 29.4% of GDP is below the OECD average of about 34%, arguing for modest revenue increases alongside spending discipline.
- Under Trump , deficits remain high while borrowing costs escalate
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Hai Phong Thermal Power (HND) disclosed an appellate ruling in a coal supply dispute with Dan Ka Mineral, under which the court accepted the plaintiff's appeal and ordered the company to pay nearly VND 115 billion, including a coal price difference of over VND 80.15 billion and interest of over VND 34.65 billion. The dispute stems from a 2021 contract, with disagreement over price adjustments after global coal prices rose sharply in 2022. Duong Son Ba, the company's general director, was arrested on 21 May 2026 over alleged forgery of documents of an agency or organisation, and the board dismissed him from the post on 13 October, with no successor yet announced. In the first half of 2026, the company reported net revenue of nearly VND 6,081 billion, up 8%, and after-tax profit of over VND 508 billion, up nearly 25%.
- Iran threatens to use the 'father of all missiles' to strike adversaries' energy facilities
Major General Mohammad Reza Naqdi, senior adviser to the IRGC commander, said at a rally in Sari on October 18 that Iran has prepared the most advanced missiles and will respond to any aggression. He warned that energy infrastructure and investments belonging to powers Tehran deems aggressive in the region could fall within Iranian missile range. His remarks answered US President Donald Trump's threat to use the GBU-43/B MOAB, often called the 'mother of all bombs' and weighing about 14 tons, against Iran's energy infrastructure and nuclear sites. Naqdi said Iran also possesses these bombs, having seized some that failed to detonate in the 12-day war, and called Trump's impatience a 'public admission of defeat'.
- Strategy on verge of golden cross, just weeks after bitcoin flashed same bullish signal
Strategy (MSTR) is about to form a golden cross, when its 50-day average rises above its 200-day average, possibly as early as Monday, just weeks after bitcoin showed the same bullish signal. The company holds $69.81 billion in bitcoin, and its stock has had two earlier golden crosses followed by big rallies: from $15.57 in September 2020 to $127.29 by February 2021, a 717% gain, and from $25.29 on March 2, 2023 to a peak of $473.83 in November 2024, up 1,774%. The article stresses the signal is unreliable, though: since 1999 MSTR has had 19 golden crosses, and only 10 were followed by a higher price 12 months later, a 50% hit rate, with a median 12-month return of just 3.3%. The two worst cases, in 2001 and 2007, were followed by a 61% loss.
- Director of the HCMC Institute of Economics, Natural Resources and Environment: Four major corporations have raised plans to invest in Vietnam, but pulled back when asked about power capacity
At a seminar co-organized by Tien Phong newspaper and the HCMC Department of Construction on October 16, TS. Phạm Viết Thuận said the city should treat infrastructure as an integrated system rather than focusing only on transport. He argued that 11 main and 13 secondary infrastructure categories, including power, water drainage, industrial zones and logistics, need to be synchronized for the city to develop its economy. To address flooding, he proposed surveying 159 flood-prone points and building ecological lakes at major spots. He also noted that four large corporations had considered investing in Vietnam but withdrew when asked about grid power capacity. Department director Trần Quang Lâm said capital mobilization and land policy need further study, while traffic congestion, flooding and pollution remain the city’s top priorities.
- Live updates: Bitcoin tags $83,000 and slips back as chip stocks lead a rebound
Bitcoin climbed from an overnight low near $80,700 to just above $83,000 early Monday, then slipped back to about $82,400 as sellers stepped in, and was up 0.3% over 24 hours. The bounce followed tech stocks, with Nasdaq 100 futures up 1.1%, snapping a weeklong 5.5% selloff, and an ETF tracking chipmakers jumping 3%. WTI crude recovered to $98.55 after touching $96.72, as the U.S. warned citizens across 12 Middle East locations of possible flight cancellations and airspace closures, raising fears of fresh strikes on Iran and disruption at the Strait of Hormuz. In Europe, the Stoxx 600 fell 0.8% after protests in France. Bitcoin would need to move through $84,000, its ceiling on October 13 and 14, to signal that the tech rebound is lifting it too.
- Americas Gold and Silver Corporation Announces Record Quarterly Silver Production and Sales of 800,458 Ounces Produced and 860,850 Ounces Sold
Americas Gold and Silver reported record third-quarter 2026 silver production of 800,458 ounces and record silver sales of 860,850 ounces. Production at Cosalá reached 415,879 ounces, up 23% quarter-over-quarter, supported by strong grades in the EC120 orebody. Year-to-date silver production totals 2.3 million ounces, in line with expectations, and the company remains on track to meet full-year 2026 guidance of 3.2 to 3.6 million ounces. At the Galena Complex, the company is advancing infrastructure projects including a paste fill plant and an upgrade of the No. 3 hoist to support higher future output. As of September 30, 2026, the company had cash of US$63 million and available liquidity of US$113 million.
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