Japanese PM speaking in Tokyo 21 June 2016
- wants to make use of neg rates for growth investments
- will do utmost to shorten period of pension eligibility
- to compile extra budget once tax revenue estimate is confirmed
- benefits for low-income pensioners a pressing issue
- won't issue deficit-covering bonds for welfare payments
- primary surplus by 2020 a tough goal but will try to meet that target
Talk again of the extra budget being planned but not a price changer at this time.
USDJPY nudging higher as Nikkei posts new session highs and now +1.3%
Abe - Extra budget being planned
