News Headline Summary

Japanese Finance Minister Aso says downside risk of global economy is easing

Says:
- FY 2013 growth of 2.5% is achievable.
- High public support may reflect Abe cabinet's quick moves on economic measures.
- Rising stocks and other factors boosting chance of Japan economy growing real 2.5% next FY.
- Good to see tax revenue exceed bond sales in FY 2013.
- Policy aimed at beating deflation and JPY decline is its result.
- Unreasonable for foreign nations to blame Japan for guiding JPY lower.
- JPY is in correction phase.

Reaction details (00:47)

- No immediate reaction seen in USD/JPY, trades 91.08 (+21 pips) last.

28 Jan 2013 - 00:45 - Equities - Source: Newswires

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