Published at 04:43 (GMT) 19 Sep
PM Shinzo Abe says aims to carry out GPIF reform as soon as possible. Counting on Health Minister Shiozaki on GPIF reform. Japan able to compile ambitious growth strategy for Japan. See close relationship between security issues and economy.
Sales tax hike decision after looking at Jul-Sep economy.
On FX, Nikkei extends gains to fresh 7-year highs of 16.364.08 on GPIF hopes and weak JPY. Highest level since Nov 5 2007 16,458.14. As PM Abe and Health Shiozaki seen pushing for earlier GPIF reforms. Next key 16,500 and then key 17,000.
USD/JPY at 109.20-25, just off the 6-year highs of 109.45. Highest level since 29 Aug 2008, 109.51. Bids at 108.90-00.
USD INDEX at 84.245, eye fresh 4-year highs of 84.782 post Fed FOMC on USD rally. Highest level since Juy 6 2010 84.826. USD off highs on GBP rally on No Votes hope - but countered by firmer USD/JPY. Eye 85.000 - given hawkish Fed FOMC, and dovish ECB, BoJ. Though GBP holding for now, could dip again. WL
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