Japan PM Kishida says he’ll have an extra economic plan drafted by the end of October | Forexlive
Kishida announcing the appointment of ex-health mininster Goto to replace Yamagiwa as economy minister
- picked Goto based on
his political experience, high presentation skills, passion for
economic, social reforms - want Goto to work on
stimulus package including inflation countermeasures, extra budget
discussion, macroeconomic policies amid rising uncertainties - want Goto to play
central role in compilation, execution of extra budget for stimulus
package
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There is little yen impact. It’ll remain on the soft side as long as there is such a stark difference in monetary policy between an uber-loose Bank of Japan and a tightening Federal Reserve.