Wednesday, August 3, 2016

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...

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.

Related Posts with Thumbnails