Japan’s newly appointed Economy Minister Yoshitaka Shindo said on Thursday, he “will mobilize all possible policy measures to support economy.”
Shindo said that he is “aiming to achieve a virtuous growth and wealth distribution while striving to achieve fiscal reform.”
Additional comments
Will consider bold measures to ease the pain of price hikes.
Will do the utmost to achieve structural wage hikes.
Important to achieve private demand-led growth.
Important to put decisive end to deflation.
Balancing primary budget can be achieved by putting economy on growth path.
Positive signs are emerging for economy to exit deflation.
Market reaction
USD/JPY is trading 0.22% lower on the day at 147.11, as of writing,
Source: https://www.fxstreet.com/news/japans-shindo-will-mobilize-all-possible-policy-measures-to-support-economy-202309140229