Sources: Japan PM Abe to order JPY 2 trillion economic stimulus package - RTRS

Dhwani Mehta FXStreet

Reuters quoted sources familiar with the matter, noting that the Japanese PMI Shinzo Abe to order 2 trillion yen stimulus package to increase spending on child care and education.

The Yomiuri Shimbun, a Japanese newspaper, reported earlier today, via Bloomberg, Japan’s PM Abe wants a JPY 2 trillion economic stimulus package.

The USD/JPY pair remains strongly bid around 112.35 levels, having posted daily tops at 112.52 levels at Tokyo open.

Meanwhile, focus now remains on a press conference from Abe on the snap election.

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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