• Would need to consider how to make up for lost revenue if lowering rate
  • No change in request to bring forward end of special corp tax rate for reconstruction
  • Scale of economic stimulus hasn’t been finalized yet

USD/JPY maintianed its bid tone earlier on reports of a 5tln Yen stimulus package. Aso’s “now, hold on just a minute” comments have seen it lose some ground, off 20 points.