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Japan’s Suga – Stimulus pack to be approved on August 2

Japan’s chief cabinet secretary Suga was on the wires informing markets that the fiscal stimulus package would be approved on August 2.

Abe announced fiscal stimulus package worth JPY 28 trillion earlier this week. However, details revealed the actual size of fresh stimulus is just JPY 5 trillion.

Key quotes

PM Abe to reshuffle Cabinet on August 3

Job situation is steadily improving

Nikkei 225 under pressure ahead of BOJ, drags rest of Asia lower

The Japanese indices came under fresh selling pressure on increased nervousness, as we inch closer towards the big event for today, the BOJ policy dec
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PBOC injects a net 325 bln Yuan this week via OMOs

China Central Bank, PBOC, continues to inject funds for the second week in a row. PBOC injects a net 325 bln Yuan for the week via open market operati
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