Japan's econ minister Amari steps down amidst bribery scandal

FXStreet (Mumbai) - Japan’s Economy minister, Amari today said that he will step down from his position following a scandal over alleged bribery accusations. He admitted in a press conference that he did accept money. However, he stressed that he dealt with it “according to the rules.”

Amari came under fire when a media report stated that he and his aides accepted money from a construction company and in return helped the company to receive compensation for disputes over land ownership as well as waste removal at a public works site.

Amari had said last week that he did nothing illegal and acted only upon Abe’s direction to fulfil his duty as minister. Following the row opposition parties had stepped up calls for him to resign.

Japan’s Amari to step down, USD/JPY unperturbed

The USD/JPY pair moved a couple of pips here and there but remains largely unaffected by Japan’s economic minister Amari’s plan to step down.
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GBP/USD jumps to 1.4280 ahead of UK GDP

The GBP/USD pair stages a solid comeback in the European session, tracking the recovery in oil prices, while focus remains on the UK’s Q4 prelim GDP report due for release shortly.
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