Japan Govt mulls JPY 10 tln stimulus to offset sales tax hike - Reuters

Dhwani Mehta FXStreet

Fresh headlines hitting the wires from Reuters, cite that the Japanese government is considering rolling out JPY 10 trillion economic stimulus package in a pre-emptive measure to offset any negative impact of the planned sales tax hike in April next year.

No further details are mentioned on the same.

The Yen, however, stands resilient to the above news, firmer amid widespread risk-aversion, sending the USD/JPY pair lower to daily lows at 113.75.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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