Japanese PM Suga is to step down as PM, according to Kyodo.
As a reminder, there were comments yesterday from Japanese LDP leadership contender Kishida that they need to swiftly conduct economic measures worth tens of trillions of yen to cope with the virus pain and that they need to implement business continuation support including payouts to households and businesses. Furthermore, he said they will provide cash payouts to non-regular workers, women and households with children that are facing a difficult situation due to the virus. (Newswires)
JPY UP with 15 pips