The JPY and to a lesser extent the USD weakened during the Asian session, with EUR/USD up at 1.2840 compared to a North American close Friday around 1.2760, while EUR/JPY is up at 127.30 from around 125.40. Risk appetite has been bolstered by yesterdays’ unveiling by China of a huge 4 trillion yuan ($586 bln) stimulus package, with all Asian stockmarkets performing well overnight. Elsewhere there are reports the LDP is to propose cutting the Japanese corporate tax rate, and reports in the U.K. that the Government is preparing a series of tax cuts and benefits to be announced in the Chancellor’s pre-budget report expected next week. A meeting of G-20 finance ministers and bank governors in Sao Paulo issued a statement ahead of the November 15. summit, saying they are prepared to act “urgently” to bolster growth, calling on governments to cut interest rates and raise spending.