Forex News

Japan PM Kishida says he’ll have an extra economic plan drafted by the end of October

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Kishida announcing the appointment of ex-health mininster Goto to replace Yamagiwa as economy minister

  • picked Goto based on
    his political experience, high presentation skills, passion for
    economic, social reforms
  • want Goto to work on
    stimulus package including inflation countermeasures, extra budget
    discussion, macroeconomic policies amid rising uncertainties
  • want Goto to play
    central role in compilation, execution of extra budget for stimulus
    package

There is little yen impact. It’ll remain on the soft side as long as there is such a stark difference in monetary policy between an uber-loose Bank of Japan and a tightening Federal Reserve.


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