Japan’s Suzuki: Expect economy to pick up in Oct-Dec quarter

Japan Finance Minister Shunichi Suzuki said on Tuesday, he expects the economy to pick up in the October-December quarter.

He said that they need to keep eye on downside risks to the economic outlook.

Market reaction

USD/JPY is trading close to two-week highs of 114.32, benefiting from the recent strength in the US dollar and the Treasury yields. The spot is up 0.12% on the day.