Minister of Economy of Japan, Uttar Pradesh: Japan ' s spending plan will provide long-term support for the yen

On 10 August, Utsumi, Minister of Economy of Japan, stated that Japan ' s spending plan would provide long-term support for the yen, thereby refuting the market ' s concerns about the country ' s financial situation. “Japan's fiscal policy is not as expansionary as you thought, because we attach great importance to sustainability” said the interview on Monday. According to Uttar Pradesh, a responsible and proactive fiscal policy in Japan will have a positive impact on the economy and the yen: “As investment in Japan and the Japanese yen increase, the demand for the yen will naturally rise and the Bank of Japan will do well.” At a time when the above-mentioned statements were made in the city, market participants continued to question the high-market spending plan and the Government's influence on the central bank. These concerns have continued to grow since the publication of the outline of the economic growth strategy. The road map was released at the end of June and covers 17 industries. However, the Government has yet to disclose how much of this investment will come from the public sector。