Japanese chief cabinet secretary Yoshihide Suga told a press briefing on Wednesday that his government wanted to avoid a new state of emergency because it would have a significant negative impact on the economy.
“Prime Minister (PM) Shinzo Abe has said he wants to keep doing his best at his job, ‘that explains it all.”
“I meet Prime Minister Abe twice a day, I see no change in his health.”
“Not to think of becoming Prime Minister one day, I never thought of occupying this position.
“Will do whatever it takes to host the Tokyo Olympics next year.”
“Must ensure that the economy does not deteriorate further when asked if the government can compile more spending measures.”
“The government does not see the need to reduce the sales tax rate by 10%.”
“More consolidation between regional banks is needed.”
“It is very important for the Bank of Japan (BOJ) to work closely with the government, when asked if the BOJ should ease further if the government rolls out another spending program.”
USD / JPY unfazed
The Japanese yen ignored Suga’s above remarks with USD / JPY keeping its range around 106.25, down 0.08% on the day.