Japan’s PM-elect Kishida: Will seek economic growth, distribution of wealth

Japanese Prime Minister-elect Fumio Kishida said on Wednesday that he will strive to achieve economic growth and distribution.

Additional quotes

We must continue to do everything to prevent the spread of coronavirus.

We need to find a way to unify the people and take on this issue as 'one team'.

Will strive to achieve economic growth and distribution.

Without proper distribution of wealth there is no way to achieve growth.

Will strive to raise wages.

Determined to protect democracy.

We will build a free and open Indo-pacific.

My strength is listening to people's voices.

Market reaction

USD/JPY is seen losing the upside momentum amid a retreat in the US Treasury yields, although the yen is also gaining some ground on Kishida’s victory.

The spot is currently trading at 111.30, down 0.17% on a daily basis.