Japan PM Suga: Will decide by next week whether to use JPY500B for targeted payments
|Japan’s Prime Minister (PM) Yoshihide Suga said that he will decide next week will decide by next week whether to utilize the JPY500 billion ($4.58 billion) in reserve funds for targeted payments while speaking at a government meeting on Tuesday.
The measures would include payments of JPY50,000 to single-parent and low-income households as well as aid for work training and food banks, PM Suga added.
Earlier today, Finance Minister Taro Aso said that the Cabinet has approved cash handouts.
USD/JPY defends bids above 109.00
USD/JPY is off the highs but trades better bid above 109.00 amid a cautious market tone ahead of the FOMC decision.
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