Japan's Finance Minister Taro Aso said on Tuesday the government was not yet considering compiling an extra budget.
Additional quotes
“The situation with the coronavirus pandemic was unpredictable.”
"It's true Japan's fiscal situation has worsened. But it will improve to near pre-pandemic levels once vaccinations proceed.”
Separately, the country’s Economy Minister and in charge of the pandemic response, Yasutoshi Nishimura, said that “the hospital bed situation has become severe.”
Market reaction
USD/JPY is wavering in a tight range around 109.20 amid worsening covid situation in Japan and a recovery in the market mood. The spot is up 0.06% on the day.
