Japan Govt to consider JPY 5 tln economic stimulus measures - Japanese Press

Latest chatter doing rounds from the Japanese press today cites Japan’s government mulling over economic stimulus measures worth more than 5 trillion yen.

Key Headlines:

The government and ruling parties will consider compiling economic stimulus measures worth more than 5 trillion yen

Fiscal spending to enhance welfare and stir private consumption

The move is expected to come after the Diet enacts fiscal 2016 budget and tax revision bills on Tuesday

The government plans to submit an extra budget bill at a special Diet session to be convened by autumn

EUR/JPY better bid on weaker Yen, 127.20 tested

The cross in the EUR/JPY is prolongs its upward trajectory for the fourth straight session and clocks fresh twelve-day highs above 127 handle in the Asian session.
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Japan PM Abe - Will proceed with scheduled sales tax hike next year

Japanese PM Abe crossed the wires via Reuters last hour, commenting on the sales-tax hike plan.
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