Japan’s Kiuchi: Tokyo is not easing fiscal discipline, presenting it clearly in the economic plan

Dhwani Mehta FXStreet

Minoru Kiuchi, Minister of State for Economic and Fiscal Policy of Japan, said on Tuesday that “Tokyo is not easing fiscal discipline, presenting it clearly in the economic plan.”

Additional comments

Government blueprint’s mention of monetary policy aligns with prior stance.

Not considering altering the language of the economic blueprint.

Market reaction

USD/JPY is losing 0.07% on the day at 161.95, as of writing, with the Japanese Yen (JPY) finding little help from these comments.

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 Canadian Dollar.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		-0.03%	-0.05%	-0.15%	0.04%	-0.04%	-0.08%	-0.01%
EUR	0.03%		-0.04%	-0.13%	0.05%	0.00%	-0.03%	0.01%
GBP	0.05%	0.04%		-0.07%	0.10%	0.04%	0.00%	0.05%
JPY	0.15%	0.13%	0.07%		0.20%	0.13%	0.09%	0.15%
CAD	-0.04%	-0.05%	-0.10%	-0.20%		-0.08%	-0.09%	-0.04%
AUD	0.04%	-0.00%	-0.04%	-0.13%	0.08%		-0.04%	0.02%
NZD	0.08%	0.03%	-0.00%	-0.09%	0.09%	0.04%		0.05%
CHF	0.01%	-0.01%	-0.05%	-0.15%	0.04%	-0.02%	-0.05%

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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