To Combat Inflation, Japan's Finance Ministry Announces JPY 257 Billion in Budget Reserves

In order to offset rising oil and general price increases, the Japanese Ministry of Finance said on Friday that it had set aside JPY 257 billion in budget reserves.

July 29, 2022 - 12:12 PM 274 views

To Combat Inflation, Japan's Finance Ministry Announces JPY 257 Billion in Budget Reserves

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© To Combat Inflation, Japan's Finance Ministry Announces JPY 257 Billion in Budget Reserves

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In order to offset rising oil and general price increases, the Japanese Ministry of Finance said on Friday that it had set aside JPY 257 billion in budget reserves.

No other information has been given regarding the same.

While presenting its Annual Report on the Japanese Economy and Public Finance on Friday, the government asked businesses to raise wages in line with price increases of about 2%.

The Market Reaction

Based on the aforementioned stories, UJSD/JPY maintains its recovery momentum and is currently trading at 134.38, up 0.07 percent on the day.

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