Prime Minister Abe repeated his pledge for action on stimulus measures Monday, ordering measures to bolster domestic demand, which include plans to accelerate infrastructure like high-speed trains, reports Susanne Barton for Bloomberg.

“If they ease further, you could see the yen weaken,” Andres Jaime, a currency strategist at Barclays Plc, told Bloomberg. “It will be temporary. We wouldn’t expect it to be sustained.”

Related: Japan ETFs Experiencing a Dead Cat Bounce?

Abe will hold a cabinet meeting to consider more than 10 trillion yen, or $98 billion, in fiscal measures.

“Should the government go ahead with economic measures, the size of stimulus could be large,” Yuji Saito, Tokyo-based head of the foreign-exchange department at Credit Agricole SA, told Bloomberg. “These expectations are spurring a surge in stocks and selling of the yen.”

Click here to read the full story on ETF Trends.

WisdomTree Japan Hedged Equity Fund

Subscribe to our free daily newsletters!
Please enter your email address to subscribe to ETF Trends' newsletters featuring latest news and educational events.