A Senior Ldp Official in Japan Has Called for a New Stimulus Package

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Tatsuo Fukuda, an official of Japan’s ruling Liberal Democratic Party (LDP), stated at a news conference on Tuesday that the Japanese government must prepare a new stimulus package to cushion the economic hit from the Ukraine situation.

Important quotations

“Must consider the possibility that Japan’s economy could stagnate or slow as a result of rising inflation, labor, products, and supply shortages.”

“Given growing prices, there’s a probability Japan will experience stagflation.”

“The US and European central banks are raising interest rates, but the Bank of Japan is unable to do so, potentially affecting FX movements.”

The reaction of the market

The USD/JPY exchange rate was last noted at 118.33, up 0.14 percent for the day.

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