Japan’s Suzuki pledges commitment to budget balancing target

Market news

7 December 2021

Japan’s Suzuki pledges commitment to budget balancing target

The Japanese government will stick to govt aim of achieving a primary budget surplus by fiscal 2025, the country’s Finance Minister Shunichi Suzuki said on Tuesday.

He said that his government is “not considering setting a different fiscal target to replace primary budget goal.”

Market reaction

USD/JPY is adding 0.06% so far, currently trading at 113.52 amid an upbeat market mood and firmer Treasury yields. Investors shrug off a slowdown in decline in the Japanese Overall Household Spending for October.

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