Japan PM Kishida: Will extend special add-on subsidies to support jobs to March

Eren Sengezer FXStreet

Japanese Prime Minister Fumio Kishida said on Thursday that new spending to aid domestic development and production of vaccines, drugs to treat COVID-19 patients will be included in the stimulus, as reported by Reuters.

Additional takeaways

"Will take steps to fix supply-demand balance to address sharp fall in domestic prices."

"Will extend to march special add-on subsidies to support jobs."

"Will start preparations to resume government travel discount programme in a re-modelled fashion."

"Will make bold hike in tax exemptions to firms that raise wages."

Market reaction

The USD/JPY pair showed no immediate reaction to these comments and was last seen posting small daily gains at 113.32.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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