Will front load FY2016 budget spending where possible – Japan’s PM Abe

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 29, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    While speaking at the press conference following the FY2016 budget approval, Japanese PM Abe noted the following:

    Budget contains help for couples aiming to have children

    Largest issue is improving people's way of working

    Aim is to achieve same wage for same work

    Will front load FY2016 budget spending where possible

    Have ordered Aso to speed up spending of next FY's budget

    Will raise sales tax as planned

    Economic recovery trend remains intact

    Uncertainty over global economy is growing

    G7 policy cooperation is needed for global growth

    Want to talk with G7 leaders about how much Japan can contribute to sustainable strong world economic growth

    Consumer spending is flat due to concerns about the global economy

    It's important that there has been a rise in base wages for 3 years
    For more information, read our latest forex news.

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