The Japanese Finance Minister Shunichi Suzukideclared on Friday that monetary policy depends on the decision of the Bank of Japan (BOJ), but added that sees no change in BoJ policyas reported by Reuters.
Featured Statements
“I will not hesitate to mobilize fiscal spending to protect people’s livelihoods.”
“I am aware that Japan’s fiscal situation is dire“.
“I will maintain the goal of achieving a primary budget surplus by fiscal year 2025.”
“We will strive for a tax reform that maintains the markets’ confidence in Japan’s public finances.”
“I will make sure to use construction bonds for defense ships, not to loosen a grip on fiscal discipline.”
Market reaction
The USD/JPY It showed no immediate reaction to these comments and is currently up 0.28% on the day at 132.70.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
