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Japan’s Nishimura: Will use domestic demand to revive economic growth after April-May decline

The government plans to use the domestic demand to revive the economic growth after April-May decline, said Japanese Economy Minister Yasutoshi Nishimura in a statement on Tuesday.

Additional comments

“Consumption is recovering with the lifting of restrictions.”

“106 new COVID-19 cases confirmed in Tokyo.”

Market reaction

The above remarks fail to have any impact on the yen, as USD/JPY continues to head higher towards 108.00 on the back of broad-based US dollar recovery.

The virus resurgence fears lift the haven demand for the greenback.

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