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Japan’s PM Kishida: Will take every possible step to deal with rising prices
“We will take every possible step to deal with rising prices,” Japanese Prime Minister Fumio Kishida said in an appearance on Monday.
Additional quotes
I will take up difficult problems former PM Abe was not able to achieve, including revising the constitution.
To make flexible use of 5.5 trillion yen of budget reserve for dealing with price hikes.
We should be able to provide sufficient, stable energy supplies all summer.
Govt will swiftly implement targeted steps to combat rising food, energy prices.
Will create atmosphere for private sector firms to raise wages more easily.
Panel I head will meet this week to kick off discussions on steps to cushion blow from rising food, fuel prices.
No schedule set yet for cabinet reshuffle, personnel changes.
Sufficient debate needed on revising constitution, hope for discussions during next parliamentary session.
Govt ready to take additional, new steps to cushion blow from rising fuel, food prices.
Wage growth must be sustained as price hikes continue.
Market reaction
At the time of writing, USD/JPY is consolidating its upside around 137.00, underpinned by the Fed-BOJ policy divergence following Governor Kuroda’s dovish remarks.
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