Blueprint: Japan government to vow fiscal reform, action to avert deflation – Reuters
|Japan's govt will strive for fiscal reform and take flexible economic policy 'without hesitation', Reuters reports, citing a draft of the economic and fiscal blueprint.
Additional takeaways
“Japan govt hopes BOJ achieves 2% inflation target with an eye on economic, price, financial developments.”
“Japan govt will seek to bring the economy back to pre-covid levels with 'determination' to avert a return to deflation. “
“Japan govt to aim to achieve private demand-driven economic recovery by prodding firms to boost productivity, raise wages.”
“Japan govt to promote green, digital investment by attracting private demand.”
‘Fiscal blueprint to include mention of Japan’s primary balance target, exact wording still under discussion.”
Market reaction
ISD/JPY pay a little heed to the above headlines, as it remains flatlined around 109.55, as of writing.
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