FOREIGN RESERVES

Last weekend India’s leader asked people and companies to cut back on travel and go back to working from home. The reason? Global fuel prices are climbing fast, and every time someone fills up the gas tank, more money leaves the country. Back in 2020 and 2021 most offices switched to online work to

Japanese finance chief Satsuki Katayama hinted that the country might look at surplus money in its foreign‑currency reserves to help pay for upcoming reductions in food sales tax. At a press briefing, she said that excess funds from the $1. 4 trillion reserve pool have historically been moved into t