Japan's Takaichi says will fund package with new bond issuance if higher tax revenue not enough.Japan's Takaichi says will fund package with new bond issuance if higher tax revenue not enough
Takaichi: Japan may issue bonds for stimulus but total JGB supply to stay below last year.Japanese Prime Minister Sanae Takaichi said the government is prepared to issue new bonds to help fund the latest stimulus package if stronger tax revenues fall short, but stressed that overall JGB issuance will still be smaller than last year's total.
investingLive Asia-Pacific FX news wrap: Japan approved a ¥21.3 trillion stimulus package.Major FX traded in subdued, narrow ranges. Even the yen — the market's focal point thanks to a wave of data, policy hints and fresh fiscal headlines — barely budged, with USD/JPY holding around 157.46, until a final dip.
Yen finally finding some small bids as Japan's Cabinet approves 21tln stimulus package.If you've been following along today you'll have noted the multiple rounds of verbal intervention. These had very little yen impact but did cut a little from JGB yields.