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Abe expected to unveil fresh set of stimulus – TradeTheNews

FXStreet (Barcelona) - The TradeTheNews Research Team comments on the market speculation involving Abe delaying the tax hike by more than an year and unveiling a new set of stimulus.

Key Quotes

“Numerous local press reports in Japan continue to indicate that PM Abe will formally confirm an 18-month delay to the sales tax increase and dissolve the lower house of Diet, allowing for the public to weigh in on this already unpopular measure.”

“Accompanying the political maneuver, Abe is also widely expected to unveil a new set of fiscal stimulus measures, speculated to amount to as high as ¥3T. Nikkei225 has reclaimed about a half of its overnight losses as JPY weakened again, with USD/JPY finding short-term support at 116.40 and rising toward 116.80 morning-session highs.”

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