Speaking to reporters on Tuesday, Japanese Finance Minister Taro Aso said that the government must compile a high-quality budget for the next fiscal year.
He added that the budget should focus on expenditure reform.
Earlier today, Asahi reported that the Japanese government is mulling to hold a general election on October 17. This comes amidst the public support for Prime Minister Yoshihide Suga hitting record lows in two new opinion polls.
Market reaction
USD/JPY is losing 0.07% so far this Tuesday, currently trading at 109.84 amid a weaker US dollar and risk-off market mood, in the wake of disappointing Chinese business activity for August.
