Following the worst growth data on record, Japan's Economy Minister, Yasutoshi Nishimura, has stated that Japan's economy in a severe state but the Gross Domestic Produce contraction is smaller than Europe, US economies.
-
Japan GDP: Biggest contraction since data became available in 1980
Key comments
- Hope recovery in US, Europe, Chinese economies drive up Japan exports.
- Will respond as needed while watching deveelopments of coronavirus and economy and impacts on people's livelihood.
- Consumption of goods, services showing signs of a pickup.
- Govt will continue to do utmost to put japan's economy on recovery path after it bottomed out in April, May.
- Will support employment with subsidies and back private consumption.
- Will take all possible policy steps to bring economy back on track to domestic demand-led growth.
USD/JPY holding above structure
The yen is weaker at the start of the week pertaining to the data and bulls are firming up on the support structure:
However, failures at the trendline marked on the above chart could subsequent bearish pressures back towards 106 the figure.
Reprinted from fxstreet , the copyrights all reserved by the original author.
免責事項：本記事で述べられている見解は著者の見解のみであり、Followmeの公式見解を反映するものではありません。Followmeは、提供された情報の正確性、完全性、信頼性について一切責任を負いません。また、書面で明示的に記載されている場合を除き、本記事の内容に基づいて行われたいかなる行動についても責任を負いません。
この記事が気に入ったら、著者にチップを送って感謝の気持ちを表しましょう。
古いコメントはありません。ソファをつかむ最初のものになりましょう。