Japan’s Nishimura: No change to view that economy is recovering
|Reuters reports the latest comments from the Japanese Economy Minister Yasutoshi Nishimura, as he makes some comments on varied topics.
Key Quotes:
"I hope the UK will join Trans-Pacific Partnership (TPP) after leaving the EU."
"I hope China will conduct economic activity within new, 21st century rules."
"No change to view that economy is recovering."
"US-China tensions have weighed on global demand, which has impacted Japanese production."
"The trade war has weakened Japan's exports and also production via a drop in overseas demand."
"Global economy affects Japan's exports, production, jobs and investment."
"Japanese domestic demand is solid."
"Sales tax hike affects consumption - but can avoid major post-tax-hike impact by implementing countermeasures."
wants companies to use cash reserves for future investment."
"US still has incentive to join TPP."
"Need robust economic measures to put the economy on growth path, and Japanese PM Abe instructed him to make stimulus package sizable."
Meanwhile, the USD/JPY pair keeps its recovery mode intact from 108.36 lows, but the further upside appears to lack momentum amid fresh US-China political tensions concerning the Hong Kong human rights bill.
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.