Japanese new Economy Minister Nishimura was on the wires last hour, via Reuters, noting that his government will do utmost to support economy eyeing next month’s scheduled sales tax hike.
Additional Comments:
Global economy moves at high speed, want to support measures to promote the fourth industrial revolution in Japan.
Will consider policy support for domestic economy depending on the outcome of US-Japan trade negotiations.
Economy is no longer in deflation, want to make sure that’s not turned back.
The comments have negligible impact on the Yen, with USD/JPY sticking to range near 108 handle, having retreated from six-week highs reached at 108.17 on trade optimism.
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