- Japan’s Nishimura: Not realistic to decouple completely from China
Market news
18 January 2023
Japan’s Nishimura: Not realistic to decouple completely from China
Japan Trade Minister Yasutoshi Nishimura said on Wednesday that it is “not realistic to decouple completely from China, but we have to manage risks from an economic security perspective.”
Further comments
Want to ask Japan businesses to hike wages by 5% 'plus something extra' this year.
Hope it will lead to moderate demand-driven inflation rather than cost-push inflation.
Japan can make huge contribution to global gas market through reducing lng imports by restarting nuclear power plants.
Market reaction
USD/JPY is keeping its reversal intact, trading at 129.78, up 1.29% on the day, at the press time.
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