Japan’s Aso: Economy remains in severe situation due to COVID-19

Dhwani Mehta FXStreet

The economy remains in a severe situation due to the COVID-19 pandemic, Japanese Finance Minister Taro Aso said at a meeting with banking industry representatives on Monday.

Additional quotes

“Companies’ funding needs are expected to rise as year-end approaches.“

“It’s true some companies are still struggling with financing.”

“Want banks to lend ear to businesses in need of financing help.”

Market reaction

USD/JPY keeps losses below 104.00, now trading at 103.90, 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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