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Japan's Suzuki aims to achieve primary balance goal

2024-06-21FXStreetFXStreet
Japanese Finance Minister Shunichi Suzuki said on Friday that he aims to achieve the primary balance goal.

Japanese Finance Minister Shunichi Suzuki said on Friday that he aims to achieve the primary balance goal. He further stated that he will keep an eye on China's excess production on the Japanese economy. 

Key quotes

Aims to achieve primary balance goal. 

Will monitor the impact of China's excess production on the Japanese economy.

Poised to soon officially announce new sanction package against Russia.

Does not comment on G7 talks on China overcapacity.

Warns of possible deflationary pressure due to overcapacity in China.  

Market reaction 

At the time of writing, USD/JPY is trading 0.12% higher on the day to trade at 157.22.

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