Home Japan’s Suda: Economic activity starting to resume thanks to government payouts, loans
FXStreet News

Japan’s Suda: Economic activity starting to resume thanks to government payouts, loans

“We will have to call for a sales tax hike in the future given Japan cannot avoid a decline in population,” Japanese Chief Secretary and front-runner for the country’s leadership race Yoshihide Suga said on Thursday, as reported by Reuters.

“We want to bring Japan’s economy back to pre-pandemic levels about a year from now,” Suga added. “Economic activity is starting to resume thanks to government payouts and loans.”

Market reaction

The USD/JPY pair showed no significant reaction to these comments and was last seen trading flat on the day at 106.16.

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.