Japan PM Abe: Govt won't hit fiscal reconstruction target by FY2024 if current growth pace continues

Japanese PM Shinzo Abe was out on the wires via Reuters, noting that “Govt are to keep FY 2020 fiscal reconstruction target, however won't hit target by FY2024 if current growth pace continues.”

Meanwhile, USD/JPY remains deep in the red around 104.75 levels, recording a -0.98% loss on the day.

NZD/USD – back above 50% Fibo, nears 50-DMA

NZD/USD pair shrugged off weak New Zealand data and moved back above 0.70 (50% of 0.6775-0.7325) levels. The spot now appears on track to test 50-DMA
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Japan forecasts baseline scenario assumes less than 1% real growth

Forecasts prepared by the Cabinet Office and submitted to the government’s economic and fiscal policy council who ‘baseline’ scenario which assumes re
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