Japan PM Abe to instruct ministers to compile stimulus package - NHK

Dhwani Mehta FXStreet

Japanese public broadcaster NHK reported on Friday that the Japanese PM Abe is likely to instruct his cabinet ministers later today to compile a package of measures to support the economy and build infrastructure to cope with huge natural disasters.

NHK also cited that Abe will also order the ministers to compile a supplementary budget for the current fiscal year ending in March to fund the package.

Meanwhile, USD/JPY trades flat around 109.30 despite a solid start seen on the Japanese equities’ space. The Japanese benchmark, the Nikkei 225 index, jumped to fresh yearly highs at the open, tracking the likely trade deal-backed optimism on Wall Street overnight.

Japan’s Household Spending rises 9.5% YoY in Sept, fastest pace on record

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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