Senior Japanese government officials have successively stated that they have moved away from reflationary policies oriented toward monetary easing and fiscal stimulus. While there is a view that concerns about the US have been dispelled, the market remains skeptical.
Senior government officials have reportedly announced that Japan is moving away from reflationary policy.
The government is seen as intending to dispel concerns about yen depreciation that had been identified as a risk by the US, but indications of specific effects or timing remain limited.
Financial markets remain skeptical of the government's explanation, and attention is focused on further developments.