Japanese Finance Minister Katayama says not in a situation where an extra budget is needed, adds have JPY 1tln in reserve funds in FY26 budget, but stated there's no immediate need for an extra budget

Japanese Finance Minister Katayama's comments signal that the government believes current fiscal measures are sufficient, with no immediate plans for an extra budget despite having significant reserve funds.

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Japanese Finance Minister Katayama says not in a situation where an extra budget is needed, adds have JPY 1tln in reserve funds in FY26 budget, but stated there's no immediate need for an extra budget

PRE-MARKET TAIWAN & SINGAPORE STOCKS NEWS: Hon Hai Precision Industry (2317 TT) - Co. Q1 (TWD) net rose 19% Y/Y to 49.92bln, operating profit rose 63% Y/Y to 75.6bln, rev. rose 29% Y/Y to 2.12tln

[MARKET UPDATE] Precious metals extend on recent declines with spot gold down around 0.5%, while silver leads the declines with losses of around 1.3% to trade beneath USD 83/oz

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This stance could indicate a stable economic outlook, potentially affecting JPY stability and market sentiment in commodities like metals, which are influenced by Japanese economic policy.

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