Japan’s Katayama says will beef up efforts to promote version of doge review of subsidies, funds
Japanese Finance Minister (FM) Satsuki Katayama said on Friday that she will beef up efforts to promote the Japanese version of the doge review of subsidies and funds, adding that there are about 200 existing funds, worth about 7 trillion yen.
Meanwhile, Economy Minister Minoru Kiuchi stated that he hopes the Bank of Japan (BoJ) continues to communicate closely with the government in guiding policy. He added that Japan no longer needs extraordinary monetary stimulus, as seen in Boj's decision to end yield curve control. Kiuchi declined to comment on monetary policy, which falls under the jurisdiction of the BoJ.
Key quotes from Japan Katayama
Will beef up efforts to promote Japanese version of doge review of subsidies and funds.
Will drastically streamline idled funds in the budget process.
There are about 200 existing funds, worth about 7 trillion yen.
Market reaction
At the time of writing, the USD/JPY pair is down 0.11% on the day at 157.90.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
A global bond market sell-off sweeps across the world, pushing the dollar to a 17-month high; the euro becomes the hardest-hit currency.
On Friday, the US dollar hovered near a 17-month high and is set to rise for the third consecutive week.
US Treasury Buys $6 Billion of Bonds as Bitcoin Battles 24-Year-High Yields
Google (GOOGL.US) ad tech monopoly compensation case approved to proceed: publishers can claim over $3.2 billion in total damages
Google faces a $3.2 billion compensation lawsuit for monopolizing advertising technology.
Canadian Dollar falls as oil prices dip, US Dollar gains strength
Crypto prices
More
