Japan’s government cuts FY25/26 Budget plan to JPY115.2 trillion

Dhwani Mehta FXStreet

Japanese Prime Minister Shigeru Ishiba’s government announced that it reduced its FY25/26 Budget plan to JPY115.2 trillion

The government also said they will cut the new bond issuance to JPY28.6 trillion.

Market reaction

The Japanese Yen pares back gains on these headlines, supporting the USD/JPY recovery. At the press time, USD/JPY is down 0.13% on the day to near 149.70.

Japanese Yen PRICE Today

The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies today. Japanese Yen was the strongest against the New Zealand Dollar.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		0.18%	0.24%	0.00%	0.02%	0.39%	0.59%	-0.00%
EUR	-0.18%		0.05%	-0.16%	-0.15%	0.20%	0.41%	-0.18%
GBP	-0.24%	-0.05%		-0.24%	-0.21%	0.15%	0.35%	-0.24%
JPY	0.00%	0.16%	0.24%		0.04%	0.39%	0.59%	0.00%
CAD	-0.02%	0.15%	0.21%	-0.04%		0.35%	0.56%	-0.03%
AUD	-0.39%	-0.20%	-0.15%	-0.39%	-0.35%		0.20%	-0.39%
NZD	-0.59%	-0.41%	-0.35%	-0.59%	-0.56%	-0.20%		-0.59%
CHF	0.00%	0.18%	0.24%	-0.00%	0.03%	0.39%	0.59%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Japanese Yen from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent JPY (base)/USD (quote).

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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