Japan’s Nishimura: Govt aims to decide on economic package early next week

In a press briefing on Friday, Japanese Economy Minister Yasutoshi Nishimura said that the government aims to decide on the economic package early next week.

Further comments

Will rush to decide on cash handout system.

First steps will support employment, business.

Not necessary to declare an emergency yet.

Earlier this week also he said that there is no need to declare a state of emergency, despite the growing number of coronavirus cases in Tokyo.

USD/JPY reaction

Amid negative S&P 500 futures and mixed Asian equities, in the wake of the rising number of the infections globally, USD/JPY struggles to extend the upside beyond 108.00.

At the moment, the major trades at 107.96, modestly flat on the day.