The Prime Minister reiterates that he will pursue bold monetary policy and a growth strategy to encourage private investment.

“Japan won’t have a future and won’t be able to restore fiscal health without a strong economy,” he said at at a news conference after taking office.

EUR/JPY hit a fresh 17-month high overnight but stalled ahead of 113.00 and has drifted back to 112.69. Last week’s high of 112.49 is support.