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President Alar Karis on the 15th appointed former Estonian Defense Forces commander Martin Herem as defense minister at the prime minister’s proposal. Herem, who led the Defense Forces from 2018–2024 and is not a member of the ruling Reform Party, wa

2026-09-15

President Alar Karis on the 15th appointed former Estonian Defense Forces commander Martin Herem as defense minister at the prime minister’s proposal. Herem, who led the Defense Forces from 2018–2024 and is not a member of the ruling Reform Party, was nominated to restore confidence in the sector after former minister Pevkur resigned on the 2nd, taking political responsibility following a National Audit Office report criticizing defense management and accounting.

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2026-09-15

France-Germany 10-year bond yield spread widened to its highest since 2012 at 98.15 bps, up 2 bps.

France-Germany 10-year bond yield spread widened to its highest since 2012 at 98.15 bps, up 2 bps.
2026-09-15

Prime Minister Takaichi's cabinet approved a plan to cut the consumption tax on retail food and beverages from 8% to 1% from April for two years, part of an election pledge to ease household cost pressures. The measure is estimated at about 5 tln yen

Prime Minister Takaichi's cabinet approved a plan to cut the consumption tax on retail food and beverages from 8% to 1% from April for two years, part of an election pledge to ease household cost pressures. The measure is estimated at about 5 tln yen; under the current proposal the government would not issue new debt to finance it and a final funding plan will be decided by year-end. The government plans to submit the bill to an extraordinary Diet session expected next month. The package includes subsidies for tax-exempt farmers and fishers to offset income losses and support for restaurants to expand takeout; dine-in sales will remain taxed at 10%.
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