Earlier:
Japan chief cabinet secretary Hayashi – PM Ishiba wants a comprehensive economic package
Japan’s new finance minister is given a heads up outline on some of the measures that’ll be included:
focus on price reliefmeasures to boost economic growthassistance for low income households
JPY is catching a bit of a bid on this, the reasoning being more stimulus would feed into more activity and, at the margin, prop up inflation and thus lead to rate hikes. Whew … that’s a long chain of causation but that’s how the reasoning goes.
USD/JPY down just a little:
This article was written by Eamonn Sheridan at www.forexlive.com.
