Market news
25.11.2021, 04:31

Draft: Japan to unveil extra budget with $312B spending to tackle COVID-19 - Reuters

Japan's government is expected to announce on Friday its first extra budget worth of 36 trillion yen ($312.04 billion) for this fiscal year ending March, Reuters reports, citing a draft document.

Japan’s government will issue additional new bonds worth 22 trillion yen in FY2021/22 extra budget, the draft noted.

Market reaction

USD/JPY is off the multi-year highs of 115.51, currently trading flat at 115.36. The pair remains depressed amid a pullback in the US dollar, despite the hawkish Fedspeak.

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