Japan’s Goto: GDP data shows moderate economic pickup continuing Japan USDJPY GDP EconomicIndicator
data early Wednesday, the country’s Economy Minister Shigeyuki Goto said that “GDP data shows moderate economic pickup continuing.”Economy likely to continue moderate pickup ahead due to improving sentiment, wage hikes and strong corporate appetite for investment.Govt to spread recognition that economy won't return to deflation and to achieve end of deflation and private demand-led sustainable growth.
Meanwhile, Japanese Chief Cabinet Secretary Matsuno said that the “government views economy as a whole continues to gradually recover.”USD/JPY is holding higher ground near 136.50, up 0.09% on the day, as the Japanese Yen fails to capitalize on the upbeat domestic GDP data.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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