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Japanese Economy Minister Yasutoshi Nishimura said in a statement on Wednesday, expressed his concerns on the rising number of new coronavirus cases in the country.

Key quotes

“Need to deal with coronavirus countermeasures with a sense of urgency.”

“Untraceable cases among older people are gradually rising. “

On Tuesday, Nishimura said that the government plans to use the domestic demand to revive the economic growth after April-May decline,

Market reaction

The yen is little changed on the above comments, as USD/JPY continues to challenge highs near 107.70, with eyes on the 108 handle amid a bounce in the S&P 500 futures.

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