Japan PM Kishida: If there is crisis, government will take appropriate fiscal measures
|Early Monday morning in Europe, Japanese Prime Minister Fumio Kishida crossed wires, via Reuters, while assuring the markets of the government’s readiness to act if there is a crisis.
“I will secure a budget to help the economy recover during emergency,” adds Japanese PM Kishida.
FX implications
Earlier in the day, Japan’s one-year inflation expectations jumped to the highest levels since September 2015.
It’s worth noting that Japan’s big manufacturers and non-manufacturers seem to have a cautious outlook for Q4 2021, as depicted from the latest Tankan data.
Even so, USD/JPY prints 0.10% intraday gains, around 113.50 by the press time while tracking firmer yields and stock futures as the key week begins.
Read: When the Facts Change: US Inflation becomes the dominant economic topic
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