Earlier:
Japan's new finance minister is given a heads up outline on some of the measures that'll be included:
- focus on price relief
- measures to boost economic growth
- assistance for low income households
JPY is catching a bit of a bid on this, the reasoning being more stimulus would feed into more activity and, at the margin, prop up inflation and thus lead to rate hikes. Whew ... that's a long chain of causation but that's how the reasoning goes.
USD/JPY down just a little:
