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

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.

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 securities. 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 Forex 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.