Japanese Finance Minister Katayama discussed with PM Takaichi about how to proceed with tax credits for benefits and sales tax cut on food, while she did not discuss forex with the PM, according to Jiji
Finance Minister Katayama's discussions around tax credits and possible cuts to the sales tax on food indicate a targeted fiscal approach to support consumers in Japan.
Softbank (9984 JT) Q3 (JPY): Net Income 248.59bln (exp. 857.01bln), Net Sales 1.98tln (exp. 1.96tln)
Japan is said to have requested US Fed/NY Fed JPY rate check back in January
Japanese Finance Minister Katayama discussed with PM Takaichi about how to proceed with tax credits for benefits and sales tax cut on food, while she did not discuss forex with the PM, according to Jiji
HD Hyundai (267250 KS) Q4 (KRW) net rose 83.4% Y/Y to 1.42tln
Mitsubishi Chemical (4188 JT) 9-month (JPY) net 105.4bln (prev. 59.4bln Y/Y), rev. 2.74tln (prev. 2.98tln Y/Y)
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The absence of forex discussion suggests a less proactive stance on currency intervention, which could keep the yen under pressure in the short term, influencing broader market sentiment and commodity prices.
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