Japan PM Kishida: Economy faces risks from overseas developments

Anil Panchal FXStreet

Japanese Prime Minister Fumio Kishida said on Thursday the government will take into account heightening downside risks from overseas economies in deciding on the size of spending in an upcoming stimulus package.

"Overseas economic developments are likely to work against Japan's economy next year. We will take this into account in considering the size of the spending package," added Japan PM Kishida while speaking at the parliament.

USD/JPY flirts with 150.00 near 32-year high

USD/JPY remains sidelined around 149.90-95 after refreshing the 32-year high earlier in the day. The yen pair’s latest inaction could be linked to the cautious mood near the 150.00 psychological magnet, as well as a light calendar. However, strong yields keep buyers hopeful.

Also read: S&P 500 Futures stays bearish as Treasury yields renew multi-year high

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

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