Topics include Donald Trump's civil fraud trial, Japan's stimulus to tackle inflation, the impact of higher interest rates on private equity, and Warren Buffett's record cash holdings.
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Donald Trump faces a civil fraud case that could have significant consequences for his business operations in New York.
Japan's Prime Minister announces a stimulus package to tackle inflation and boost popularity but risks complicating the Bank of Japan's monetary policy.
Deep dives
Trump Testifies in Civil Fraud Case
Former U.S. President Donald Trump is facing a civil fraud case where he is accused of inflating his net worth, committing fraud to obtain better loan and insurance terms. The outcome of the case could lead to significant penalties and potentially impact Trump's ability to operate a business in New York.
Japan's Prime Minister Implements Stimulus Package
Japan's Prime Minister, Fumio Kishita, is struggling with low approval ratings and pressure for a snap election. To address inflation and boost popularity, Kishita announced a stimulus package that includes tax cuts, cash handouts to low earning households, increased defense spending, and increased childcare benefits. However, this stimulus package may complicate the Bank of Japan's efforts to unwind its loose monetary policy and normalize interest rates.
Donald Trump testifies in New York today, Japan’s prime minister turns to stimulus to offset the pain of inflation, private equity is getting pummelled by higher interest rates, and Berkshire Hathaway reported a record amount of cash on hand.
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Joanna Kao, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.