I posted a headline earlier from Moody’s: Moody’s: Abe’s economic plan no guarantee of revitalization

The Financial Times has more:

  • Moody’s says Abe’s ‘third arrow’ did not go far enough and may add to uncertainty
  • Wants more incentives to boost business investment
  • Says stronger private consumption growth is not sustainable without companies hiring more & paying higher slaries – this wont happen until business is convinced that economic policies will ‘stoke long-term growth’

From Fast FT

USD/JPY is a little lower from Tokyo opening levels, 96.28/33