Japanese PM speaking to reporters in Italy a short while ago 2 May
The comment responsible for the earlier spike in USDJPY and yen pairs now with some more detail on Bloomberg having originally been posted by Kyodo
- tells reporters he plans to fire a "G7 version of his "three-arrows" programme and send a clear message to the world.
Looks like Abe is a bit miffed at being added to the US Treasury's naughty list that I reported over the week-end.
- in relation to timing of sales tax hike Abe says he wants to discuss how G7 members view the global economy and review the issues raised at panels held since March
At the panels Nobel-prize winner Joseph Stiglitz and others urged Abe not to raise sales tax next year.
Japan hosts the next G7 summit on 26-27 May but I don't see many members responding positively to a plan that has yet to witness any real progress in his own economy.
USDJPY 106.43 finding demand into 106.30 after that earlier spike from 106.45 to 106.74
