Japan PM Abe: Will take steps if needed to counter negative impact of coronavirus outbreak

Dhwani Mehta FXStreet

Japanese PM Shinzo Abe told media on Friday that the government will take steps if needed to ensure the coronavirus outbreak doesn't inflict huge damage to Japan's economy, per Reuters.

Additional comments:

Aware of view virus outbreak could have huge impact on japan, global economies so watching developments carefully.

We still have reserves to tap for virus response, no immediate need for additional funding.

Separately, Economy Minister Nishimura was also reported by Reuters, saying that Japan's economy is facing a difficult situation with events being cancelled, but priority is preventing the spread of virus.

USD/JPY: Slide continues as markets price in March Fed rate cut

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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