Inbound tourism important in achieving JPY 600trln GDP target – Japan’s Abe

Japanese PM Abe is on the wires now via Reuters, noting that growth in inbound tourism is important to achieve GDP target.

Key Quotes:

Tourism important in achieving JPY 600trln GDP target

Aims to increase inbound visits to 40m by 2020, 60m by 2030

Targeting JPY 8trln in consumer spending by tourists by 2020

Mar 30, 2016

AUD/NZD wavers in tight range below 1.1150

The Australian dollar surrendered control against its OZ counterpart in the late-Asian trades, sending AUD/NZD lower from session tops.

ECB’s Coeure: Negative interest rates are not our main instrument

ECB Governing Council member Mr. Benoit Coeure is crossing the wires via Reuters, noting that negative interest rates only support overall ECB policy and may not be considered as the main instrument.