Senior LDP lawmaker on Bloomberg a short while ago and helping USDJPY higher in addition to Nikkei rising off its lows

  • Japan needs JPY 3.5-5trln spending in extra budget
  • Japan should issue new JGBs for extra stimulus
  • BOJ should increase asset buys by at least JPY 10 trln
  • imperative that inflation reaches BOJ goal around H1 FY2016

LDP member Yamamoto heads an economic advisory group and has previously advised PM Abe.

The latest comments are not entirely surprising though as he has been a long time advocate of further easing as I reported back in April

Either way the market is in fragile mode and feeding off whatever scraps it can find

USDJPY up to 120.78 from 120.40.Nikkei trims losses to 2.69% at 18265.27