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

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

While speaking at the press conference following the FY2016 budget approval, Japanese PM Abe noted the following:

(Market News Provided by FXstreet)