Japan PM Kishida: Instructed to keep unchanged imported wheat prices from October

Dhwani Mehta FXStreet

Japanese Prime Minister Fumio Kishida said on Monday that he “instructed Agriculture Minister to keep unchanged imported wheat prices from October.”

Additional quotes

Instructed Trade Minister to come up with details on plans from October onward to curb fuel prices.

Instructed Trade Minister to come up with additional steps on energy and rising electricity bills.

These comments come after reports came out on Sunday that Japan will hold the price of imported wheat unchanged.

Market reaction

USD/JPY briefly dropped below 133.00 on the above comments. The spot is now trading at 133.05, down 0.31% on a daily basis.

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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