Japan’s Goto: To use budget reserves to pay for a stimulus package worth 2.2 trillion yen

Japanese Economy Minister Shigeyuki Goto said on Tuesday, “we are going to use budget reserves to pay for a stimulus package worth 2.2 trillion yen.”

Meanwhile, the country’s Prime Minister Fumio Kishida said, “we actively monitor developments on banks and the general stability of Japan's financial system.”

Additional takeaways

“Japan's financial system remains stable overall, closely wathing developments on banks.”

“Risk aversion seen in financial markets.”

“Japan's financial institutions have ample liquidity and capital.”