Japan’s Aso: Must compile high quality budget for next fiscal year

Dhwani Mehta FXStreet

Speaking to reporters on Tuesday, Japanese Finance Minister Taro Aso said that the government must compile a high-quality budget for the next fiscal year.

He added that the budget should focus on expenditure reform.

Earlier today, Asahi reported that the Japanese government is mulling to hold a general election on October 17. This comes amidst the public support for Prime Minister Yoshihide Suga hitting record lows in two new opinion polls.

Market reaction

USD/JPY is losing 0.07% so far this Tuesday, currently trading at 109.84 amid a weaker US dollar and risk-off market mood, in the wake of disappointing Chinese business activity for August.

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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