Following in the footsteps of the BOJ, the government’s planned JPY28tn fiscal stimulus failed to inspire foreign investor

GBL: FX Flash

FX Research by Saktiandi Supaat

JPY: Fiscal Package Fails To Stimulate

Following in the footsteps of the BOJ, the government’s planned JPY28tn fiscal stimulus failed to inspire foreign investor confidence. New spending for the current fiscal year amounted to JPY4.6tn, less than the JPY7tn market had bandied around. This failure to surprise investors on the upside with either fiscal or monetary policies is weighing on the USDJPY...