Japan PM Takaichi: Will guide economic, fiscal policy with due heed to fiscal sustainability

Japan Prime Minister (PM) Sanae Takaichi said during the Asian trading session on Tuesday that the government will guide economic and fiscal policy while paying close attention to fiscal sustainability, and will focus on maintaining market trust. Takaichi added that the administration will seek to achieve at earliest date possible growth exceeding 1% on real basis, 3% on nominal basis, aim for further higher growth in future.

Market reaction

No immediate impact seen in the Japanese Yen (JPY) following comments from Japan PM Takaichi. At press time, USD/JPY trades flat around 162.50.