Japan PM Suga: Will take 'budgetary steps' to help economy

Dhwani Mehta FXStreet

Japanese Prime Minister Yoshihide Suga said on Thursday, he would push for "budgetary steps" to support an economy hit by the coronavirus pandemic, per Reuters.

Amid growing calls to roll out fresh fiscal stimulus, PM Suga’s comments hinted at a likelihood of compiling a third extra budget to fund the aid.

Suga will likely announce next week a plan for fresh stimulus to stimulate the economic recovery, Reuters reported, citing Japanese government sources.

His comments come ahead of the Bank of Japan (BOJ) monetary policy decision due later on Thursday.

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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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