Japan’s Matsuno: Want to compile extra budget swiftly after econ package in late October

Japanese Chief Cabinet Secretary Hirokazu Matsuno crossed wires, via Reuters, in early Friday while suggesting more stimulus from the Asian major.

Key quotes

Will consider further support for hard-hit consumers, businesses in view of higher energy, food prices.

Will also consider steps to promote wage hikes.

Japan will continue to engage with the g7 and international community to take strong measures against Russia and to support Ukraine.

Russia's intended annexation cannot be permitted and is illegal under international law.

North Korea may engage in a further provocative manner.

FX reaction

The news struggles to impress market players amid fears of recession and hawkish central bank actions, not to forget the cautious mood ahead of the key EU/US data.

Also read: USD/JPY remains lackluster below 144.50 despite upbeat Japanese data