Japan’s Nishimura: Govt will swiftly implement emergency steps to counter coronavirus

Dhwani Mehta FXStreet

Japanese Economy Minister Nishimura was on the wires earlier on Monday, via Reuters, reassuring the markets following awful Q4 growth numbers.

Key Quotes:

Must watch for impact of coronavirus outbreak on Japan's economy via inbound tourism, supply chain disruption.

Must be vigilant against risk coronavirus outbreak may affect Japan's economy via a slowdown in global growth, potential market volatility.

Govt will swiftly implement emergency steps to counter coronavirus using funds from budget reserves.

Govt will take all steps necessary flexibly with an eye on virus impact on the economy, tourism.

Watching whether or not Q4 growth drop is temporary.

Believe BOJ will decide and implement monetary policy appropriately.

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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