Japan’s Katayama: Will focus on key policies in FY27 budget to drive economic growth
Japan Finance Minister (FM) Satsuki Katayama said in the Asian trading session on Tuesday that the government aims to balance fiscal sustainability and economic growth and communicate with markets on this stance.
Japan's Finance Minister Satsuki Katayama outlined plans in the upcoming fiscal year 2027 budget to promote economic growth while maintaining fiscal responsibility, according to financial markets sources. The statement comes as traders observe the impact of various global economic factors on currency pairs like GBP/USD and EUR/USD.
Currency markets have seen fluctuations due to upcoming US data releases and the Jackson Hole event, with GBP/USD struggling to maintain gains and EUR/USD trading near the 1.1660 region. Meanwhile, gold prices reached a new high since mid-May, with investors seeking it as an alternative store of value amid fiscal sustainability concerns and a struggling US Dollar.
The US Treasury announced on Wednesday a significant increase in liquidity support for the 10-year to 30-year bond market, doubling the buyback operation size from $2 billion to a minimum of $4 billion, effective September 9 and running until November 4.
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