Back on Saturday it became clear the Japanese economy minister intended to resign. Yesterday the deed was done.
The Nikkei today does a quick profile of Abe’s choice for the new Minister of Economy, Trade and Industry – Yoichi Miyazawa.
- A former Finance Ministry official
- “He has been vocal about the need to make up for any revenues lost by the planned corporate tax cut“
- His appointment “could sway the debate on upcoming tax reforms toward a greater emphasis on revenue neutrality”
Could be a factor to weigh on the Nikkei today.
NKOTB – Yoichi Miyazawa