Japan’s Aso: We are placing higher priority on economic revival than fiscal reform now
|We are placing a higher priority on economic revival than fiscal reform now, said the Japanese Finance Minister Taro Aso on Tuesday.
Japan may be facing biggest-ever risk, aim to pass an extra budget soon, he added.
In the last hour, Japanese PM Shinzo Abe declared a state of emergency in seven prefectures for a month while the economic rescue plan is expected to announce in the coming days.
USD/JPY retakes 109.00
With the risk-on sentiment picking up pace in Europe, with the S&P 500 futures leaping nearly 3%, USD/JPY’s upside momentum received a fresh boost.
The spot trades at 109.07, still down 0.10% on the day.
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