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Sources: Japan PM Abe to order JPY 2 trillion economic stimulus package - RTRS

Reuters quoted sources familiar with the matter, noting that the Japanese PMI Shinzo Abe to order 2 trillion yen stimulus package to increase spending on child care and education.

The Yomiuri Shimbun, a Japanese newspaper, reported earlier today, via Bloomberg, Japan’s PM Abe wants a JPY 2 trillion economic stimulus package.

The USD/JPY pair remains strongly bid around 112.35 levels, having posted daily tops at 112.52 levels at Tokyo open.

Meanwhile, focus now remains on a press conference from Abe on the snap election.

Electronic spot Gold slide in Asia to 1289.46 the low, stabilizing back to 1293 from 1297.05 open

Gold consolidated in a relatively wide range throughout the European, London and American closing sessions on Friday between a low of $1,293.38 and a
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German industry group calls for quick coalition

BDI - Federation of German Industries has is calling for a swift coalition deal to form a new government following Sunday’s parliamentary elections.
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