Japan’s Aso: Plans to submit extra budget to parliament by mid-May

Japanese finance minister Taro Aso was out on the wires last minutes, noting that the government plans to announce extra budget by mid-May.

Key Quotes:

Plans to submit extra budget to parliament by mid-May

No plan to include extra economic stimulus measures

Sales tax to be raised as planned to maintain confidence

ECB’s Constancio: Financial market integration in EMU has slowed recently

ECB Vice President Vitor Constancio crossed the wires via MNI earlier today, highlighting concern that, “financial market integration in EMU has slowed recently.”
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USD/JPY finds solid support just ahead of 111

The bears appear to loosen their grip on the USD/JPY pair, allowing a minor pullback from 111 handle once again amid risk-off market profile.
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