Japan’s Kato: No hesitation to undertake economic measures if needed

Dhwani Mehta FXStreet

The Japanese government will not hesitate to take economic measures if needed, the new Chief Cabinet Secretary Kato said at a daily briefing on Friday.

Nothing further is reported on the same.

A couple of weeks ago, Kato reiterated that they are prepared to deploy additional measures to support the economy if the need arises.

Market reaction

USD/JPY is holding the lower ground in tandem with the US dollar index, as the risk-on market profile weighs negatively on the safe-haven greenback.

The spot was last seen trading at 105.83, down 0.13% 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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