Japan's Suga: No plan to lower sales tax
|Japanese Prime Minister Yoshihide Suga said on Friday that they are not planning to lower the sales tax, as reported by Reuters.
Additional takeaways
"There still remains a risk of coronavirus infections staging a rebound."
"Government continues to offer as much support for businesses as possible."
"We need to drive down hospital beds' usage rates over the next two weeks."
"Difficult to resume domestic tourism promotion campaign for the time being."
Market reaction
The USD/JPY pair showed no reaction to these comments and was last seen gaining 0.3% on the day at 108.30.
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.