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

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. 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.