Japan’s Akazawa: Government’s focus is to eradicate Japan's deflationary mindset
Source Fxstreet
Japan's Economy Minister Ryosei Akazawa noted on Wednesday that the ”government’s focus is to eradicate Japan's deflationary mindset.”
“With an ambitious goal to boost minimum wages, the government is trying to eradicate deflationary mindset,” he added.
Market reaction
USD/JPY was last seen trading 0.70% lower on the day at around 153.25.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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The USD/JPY pair is seen consolidating in a narrow band around mid-159.00s during the Asian session on Tuesday as traders opt to wait for the crucial Bank of Japan (BoJ) before placing fresh directional bets.
Gold price (XAU/USD) holds steady near $4,600 during the early Asian session on Wednesday. The precious metal steadies as traders await a key Federal Reserve (Fed) interest rate decision later on Wednesday.
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