Japan's government reportedly finalizes an annual budget for the next fiscal year from April, the Nikkei Asian Review reports on Wednesday.

The Japanese daily said It would be the largest-ever budget on record, totaling around 107.6 trillion yen ($942.8 billion).

Separately, Prime Minister Fumio Kishida was speaking on wages and Japan-US foreign policy.

Key quotes

“Will achieve a rise in wages by ensuring subcontractors are profitable.”

“Important for public and private sectors to join forces and think together about how to achieve growth and wealth distribution.”

“We must at least continue having talks and discussions with our neighbor China.”

“Japan-US alliance is the axis of Japan’s foreign policy, would like to visit the US as soon as possible to hold summit talks.”

USD/JPY reaction

USD/JPY is little moved by these headlines, as It flirts with daily highs near 114.20, higher by 0.09% on the day.