Yen Faces Pressure on Potential Japanese Supplementary Budget
The Japanese yen may weaken further due to reports of the government considering a supplementary budget, potentially raising concerns about fiscal consolidation, according to MUFG Bank analyst Derek Halpenny.
The Japanese yen could fall further after a media report said Japan’s government is considering a supplementary budget, MUFG Bank’s Derek Halpenny said in a note. Yomiuri reported the potential budget, which Halpenny said could revive doubts about the government’s push toward fiscal consolidation.