• Japan's Chief Cabinet Secretary Suga: Government wants to avoid another state of emergency, as it would have big negative impact on economy

Market news

26 August 2020

Japan's Chief Cabinet Secretary Suga: Government wants to avoid another state of emergency, as it would have big negative impact on economy

  • Government will do whatever it takes to host Tokyo Olympic games next year
  • Government  does not see a need to cut the sales tax rate from 10%
  • More consolidation among regional banks necessary
  • Very important for BoJ to work closely with government
  • Must ensure economy doesn't worsen further

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