Japan’s Nishimura: Expansion of state of emergency to have huge economic impact in short-term
|The expansion of the state of emergency to the whole nation will have a huge economic impact in the short term, said Japanese Economy Minister Yasutoshi Nishimura on Friday.
He further said that it’s important to make cash payouts swiftly.
USD/JPY reaction
The above comments fail to have any impact on the spot, as it continues to remain at the mercy of the US dollar dynamics, with the improved market mood weighing on safe-haven demand for the buck.
At the press time, USD/JPY trades at 107.70, down 0.23% so far.
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.