Japan’s Katayama: Cost estimates rely on how long Middle East war will last

Japan’s Finance Minister (FM) Satsuki Katayama said during European trading hours on Tuesday that the administration remains focused on mitigating risks to the Japanese economy in the wake of the Middle East war.

Remarks

Important to ensure market trust, credit in managing fiscal policy.

Have gained IMF understanding for our budget.

Will have to respond to environments surrounding Japanese economy in light of Middle East situation.

PM Sanae Takaichi will speak with one of oil producing countries today.

Too premature to talk about cost estimates as it remains uncertain how long the Middle East situation will last, when asked about extra budget.

Not in a situation right now to judge whether we would need extra budget or not.