Japan PM Kishida: Want to compile economic stimulus package on November 19

Dhwani Mehta FXStreet

Japan’s Prime Minister Fumio Kishida said on Tuesday, he wants to compile an economic stimulus package on November 19.

Kishida added that he wants to compile an extra budget to fund the spending by the end of this month.

This comes as Kishida's ruling Liberal Democratic Party is in negotiation with its coalition partner Komeito the details of the package.

Market reaction

USD/JPY is little affected by these comments, testing bids at 113.00 amid falling yields and the US dollar. The spot is down 0.15% on the day.

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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