DBS Bank: Japan's supplementary budget outlook revives “Kishida trade” momentum
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```htmlGolden Ten Data reported on May 19 that Tieling Ma, Senior Economist at DBS Bank Research Department, stated in a research report that the prospects of Japan’s supplementary budget are reviving the momentum of the so-called “Kishida trade.” She pointed out: “In response to the potential economic impact of conflicts in the Middle East, Japan’s Prime Minister Sanae Kishida has instructed the Ministry of Finance to begin drafting a supplementary budget on Monday.” She further added: “Market discussions indicate that the scale of the fiscal package is between 3 trillion and 10 trillion yen, with part of the funds to be raised through additional issuance of government bonds.” The so-called “Kishida trade” usually refers to trading strategies based on a preference for aggressive economic stimulus and accommodative monetary policy.```
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