Japan’s Matsuno: Reviewing whether to take additional steps

Japanese Chief Cabinet Secretary Hirokazu Matsuno said on Thursday that they are reviewing whether to take additional steps to curb rise in electricity cost in upcoming economic stimulus package.

The policymaker also mentioned, “Japan will maintain close contact with allies, including the US, to monitor and deal with North Korea.”

“North Korea’s multiple missile launches are unacceptable,” adds Japan’s Matsuno.

On the same line could be the news that US Vice President Kamala Harris will meet with South Korea's President Yoon to discuss south Korean-Japanese relations.

Market reaction

Although the risk-negative news weighs on the S&P 500 Futures and allow the yields to regain upside momentum, the USD/JPY prices remain pressured around 144.20 by the press time.