Japan’s Nishimura: There are worries sales tax hike may weigh on consumer sentiment

Dhwani Mehta FXStreet

Japanese Economy Minister Yasutoshi Nishimura was on the wires last minutes, via Reuters, commenting on the impact of sales tax hike effective this month.

He said that there are worries sales tax hike may weigh on consumer sentiment, adding that they have to carefully watch consumption.

USD/JPY consolidates Thursday’s slide below the 107 handle, as the Japanese Yen ignores the above comments.

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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