Japanese Prime Minister Fumio Kishida said on Tuesday. The government’s JPY13.2 trillion emergency relief package will help ease the pressure off the households and companies from rising fuel and raw material costs.
Additional quotes
“The government will tap reserves set aside under the current fiscal year's budget to fund some of the measures that require fresh spending.”
“Will lay out by June action plan on steps to promote 'new style capitalism,' long-term fiscal and economic policy guideline.”
“Will compile an extra budget, aim to pass it through current parliament session.”
“Important to promote the use of nuclear power, renewable energy to stabilize energy market.”
“Will layout after upper house election comprehensive package of policies, including on energy, to promote change in Japan’s society.”
Also read: BOJ offers to buy unlimited amounts of 10-year JBGs at 0.25%
Market reaction
USD/JPY was last seen trading at 127.75, down 0.27% on the day.
