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    Abe speaks in Tokyo

    The key points of Abe’s speech:

    • global economy is facing large risks
    • world economy is on verge of large 
    • downside risk for economy may lead back to the deflation
    • the government will take broad, bold economic steps in Autumn
    • must use zero interest environment to the utmost possible
    • the biggest challenge is to reform labour system
    • the government take economic measures to support domestic demand
    • need to delay sales tax as it can’t hurt spending

     USDJPY it’s traded around 109.80.

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