21 November 2022 | Other

Japan finance minister favors adoption of more spending measures

On Monday, Finance Minister Shunichi Suzuki said the government would take a responsible approach to conduct economic and fiscal policy. In addition to this, the head of Japan's Finance Ministry urged lawmakers to submit the extra $206 billion budget plan. It will mostly be funded by the issuance of new debt securities.

Japan's core consumer inflation accelerated to a 40-year high in October driven by rising food and energy prices. It had a great impact on consumers. 

According to Shunichi Suzuki, Japan’s economy is going through hard times. Besides, he added that there were growing fears of global recession, and Japan must overcome the crisis.

Company MarketCheese
Period: 14.05.2025 Expectation: 1650 pips
Technical and fundamental background supports AUDCAD
07 May 2025 76
Elena_Dorokhina
Elena_Dorokhina

Listed among the best MarketCheese authors
1st in the segment "Currencies"
Period: 08.05.2025 Expectation: 550 pips
EURUSD to drop to 1.13000
07 May 2025 52
Period: 13.05.2025 Expectation: 240 pips
Brent crude price rebound to continue up to 65
07 May 2025 67
Period: 14.05.2025 Expectation: 1000 pips
Buying GBPUSD amid trade talks and weaker dollar with target at 1.344
07 May 2025 34
Period: 12.05.2025 Expectation: 1500 pips
USDJPY rebound fades ahead of Fed meeting
06 May 2025 68
Period: 30.05.2025 Expectation: 975 pips
Natural gas maintains upside potential within megaphone pattern
06 May 2025 75
Go to forecasts