• Japan PM Kishida: Will strengthen sanctions against Russia

Market news

24 February 2022

Japan PM Kishida: Will strengthen sanctions against Russia

Japan’s Prime Minister (PM) Fumio Kishida crossed wires, via Reuters, during early Friday morning in Asia while saying that they will strengthen sanctions against Russia.

Additional quotes

Will immediately impose sanctions against Russia in 3 areas including financial sector and military equipment exports.

Poland government will help evacuate Japanese citizens out of Ukraine.

Will do utmost to limit economic damage to Japan.

We have 240 days' worth of crude oil reserves, 2-3 weeks' worth of LNG.

Japan will work closely with G7 to decide on future plans when asked whether Japan will consider sanctions against Russia's energy companies.

Read: USD/JPY rallies to mid-115.00s despite drop in US yields, bulls eye 116.30 resistance

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