Japan’s Aso: Snap election in the fall preferable – Kyodo

Citing sources with the knowledge of the matter, Kyodo reports that Japan’s Finance Minister Taro Aso told a senior Komeito lawmaker that a snap elect  |  30/06/2020 09:56

Citing sources with the knowledge of the matter, Kyodo reports that Japan’s Finance Minister Taro Aso told a senior Komeito lawmaker that a snap election in the fall is preferable.

On Monday, Aso told Komeito Secretary-General Tetsuo Saito about the snap election. However, Saito voiced his opposition, noting that it was not a good idea.

In the last hour, the Bank of Japan (BOJ) announced that it will widen the buying ranges for the Japanese Government Bonds (JGBs) up to 10-years for its July operations.

Market reaction

The yen remains little affected by the above headlines, as USD/JPY keeps its range play intact around 107.70 region so far this Tuesday. Focus shifts to the US data and Fed Chair Powell’s testimony for the next direction.

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