Japan Finance Minister Aso: there is no need to revise the fy20 budget plan due to virus measures
|Japan Finance Minister Aso has said that there is no need to revise the fy20 budget plan due to virus measures.
This follows his comments from earlier in the week when he said he would ensure that fiscal policy steps would be taken as needed to respond to the spreading coronavirus outbreak while closely monitoring its impact on the economy.
Aso told reporters after a cabinet meeting that economic fundamentals that supported domestic demand were holding steady although slowing global growth was affecting the manufacturing sector. Aso made the remarks when asked about government data out on Monday that showed the Japanese economy had suffered its deepest contraction since 2014 in the October-December quarter.
There was no reaction to today's comments.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.