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Japanese Economy Minister Masatoshi Nishimura said on Tuesday that the government would need to pay close attention to the impact from the coronavirus outbreak, including on financial markets. Nishimura also said he wanted to implement necessary economic support steps depending on the urgency of the situation. Ahead of annual spring wage negotiations, he said higher wages and expansion in consumption were important as there were downside risks to the economy.

Key notes

Japan Economic Nishimura: need to pay close attention to impact from coronavirus including to financial markets.
Japan Economic Nishimura: higher wages and expansion in consumption important as there are downside risks to economy.

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