Kishida announcing the appointment of ex-health mininster Goto to replace Yamagiwa as economy minister
- picked Goto based on his political experience, high presentation skills, passion for economic, social reforms
- want Goto to work on stimulus package including inflation countermeasures, extra budget discussion, macroeconomic policies amid rising uncertainties
- want Goto to play central role in compilation, execution of extra budget for stimulus package
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There is little yen impact. It'll remain on the soft side as long as there is such a stark difference in monetary policy between an uber-loose Bank of Japan and a tightening Federal Reserve.