Economy Minister Shigeyuki Goto stated that “we actively watch developments on banks and the overall soundness of Japan’s financial system.”
“We are planning to use budget reserves to pay for a stimulus package of 2.2 trillion yen,” Japanese Economics Minister Shigeyuki Goto said on Tuesday.
“Overall, Japan’s financial system remains solid, with banks keenly monitoring events.”
“Risk aversion has been observed in financial markets.”
“The financial institutions in Japan have enough of liquidity and capital.”
Japan Goto’s remarks reaction on market
Goto’s remarks aided the Japanese currency in capturing a new bid, sinking USDJPY to daily lows of 130.57. The currency pair is now trading at 130.77, down 0.60% on the day.
