- Japan’s Goto: Desirable for FX to move stably reflecting fundamentals
Market news
9 November 2022
Japan’s Goto: Desirable for FX to move stably reflecting fundamentals
Japanese Economy Minister Shigeyuki Goto said on Wednesday, it is “desirable for FX to move stably reflecting fundamentals.”
He further said that there is “no plan to compile the third extra budget.”
His comments come after Japan’s Ministry of Finance (MOF) announced on Tuesday that the country’s cabinet approved a second supplementary budget for this fiscal year to fund an economic stimulus package, backed by extra new debt.
Market reaction
USDJPY is trading listlessly at around 145.65, at the time of writing.
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