Early Monday morning in Asia, Nikkei Asian Review came out with the news suggesting the Japanese government moving closer towards a 100 trillion yen ($928 billion) package, likely to be approved on Wednesday. Key quotes The Japanese government has begun finalizing a coronavirus relief package of more than 100 trillion yen ($928 billion), aiming to strengthen the corporate safety net and follow up on last month’s 117 trillion yen stimulus. Slated for cabinet approval Wednesday, the second supplementary budget for fiscal 2020 will aid struggling enterprises and increase support for idled workers. Direct allocations by the central government constitute only a portion of the new budget, which also includes funds from local governments and the private sector. The first supplementary budget, passed in April, included more than 48 trillion yen in central and local government spending. FX implications The news fails to get any major reaction from the market that’s currently occupied by the US-China tussle. That said, the USD/JPY takes rounds to 107.60 by the press time. 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 USD/JPY holds onto recovery gains toward 108.00 amid US-China tussle FX Street 3 years Early Monday morning in Asia, Nikkei Asian Review came out with the news suggesting the Japanese government moving closer towards a 100 trillion yen ($928 billion) package, likely to be approved on Wednesday. Key quotes The Japanese government has begun finalizing a coronavirus relief package of more than 100 trillion yen ($928 billion), aiming to strengthen the corporate safety net and follow up on last month's 117 trillion yen stimulus. Slated for cabinet approval Wednesday, the second supplementary budget for fiscal 2020 will aid struggling enterprises and increase support for idled workers. Direct allocations by the central government constitute only… 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.
