“Have ordered banks to request cooperation from their clients on coronavirus countermeasures,” Japanese Chief Cabinet Secretary Katsunobu Kato said on Friday, according to Reuters.
When asked about the stimulus package, will reply flexibly after consulting with PM Suga.
I didn’t mean to imply that I wanted banks to restrict restaurant lending.
When asked about the government’s requests to financial firms, he says it’s just a request.
Requests to banks are not intended to put pressure on restaurants or other businesses that are already dealing with lockdowns as a result of the covid-19 epidemic.
The safe-haven attractiveness of the US dollar boosts USD/JPY towards 110.00, up 0.17 percent around 109.90 by press time, as the statements indicate covid worries among Japanese authorities.
Read this article: USD/JPY Price Analysis: A key supply area is 110.00/50./n
