Japan’s Aso: Snap election in the fall preferable – Kyodo
|Citing sources with the knowledge of the matter, Kyodo reports that Japan’s Finance Minister Taro Aso told a senior Komeito lawmaker that a snap election in the fall is preferable.
On Monday, Aso told Komeito Secretary-General Tetsuo Saito about the snap election. However, Saito voiced his opposition, noting that it was not a good idea.
In the last hour, the Bank of Japan (BOJ) announced that it will widen the buying ranges for the Japanese Government Bonds (JGBs) up to 10-years for its July operations.
Market reaction
The yen remains little affected by the above headlines, as USD/JPY keeps its range play intact around 107.70 region so far this Tuesday. Focus shifts to the US data and Fed Chair Powell’s testimony for the next direction.
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