Japanese Finance Ministry came out with a statement on Thursday, citing that budget requests from Japan’s ministries have hit a record JPY 105 trillion yen ($996.30 billion) for the next fiscal year starting in April vs. 102.8 the previous high, Reuters reports. Further Details: The rise was due to bulging welfare costs to support the aging population, spending to service debt, and rising military outlays in response to China’s growing military presence and North Korea’s missile program. The piece of news had virtually no impact on the Japanese currency, which erased most losses against the US dollar. The USD/JPY pair trades flat around 106.40 levels, having hit fresh three-week tops at 106.75 on renewed US-China trade optimism. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next China’s Commerce Ministry: Will strive to achieve real progress during Oct trade talks FX Street 4 years Japanese Finance Ministry came out with a statement on Thursday, citing that budget requests from Japan's ministries have hit a record JPY 105 trillion yen ($996.30 billion) for the next fiscal year starting in April vs. 102.8 the previous high, Reuters reports. Further Details: The rise was due to bulging welfare costs to support the aging population, spending to service debt, and rising military outlays in response to China's growing military presence and North Korea's missile program. The piece of news had virtually no impact on the Japanese currency, which erased most losses against the US dollar. The USD/JPY pair… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
