Japan PM: Will pursue bold monetary policy, big fiscal spending
TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe reiterated on Monday his call for bold monetary easing by the central bank, big fiscal spending and an economic growth strategy as steps towards conquering deflation.
"Above all, the urgent task is to beat deflation," Abe told a meeting of officials from the government and ruling parties.
"A bold monetary policy, a flexible fiscal policy and a growth strategy are aimed at stimulating private investment. With these three pillars, we must aim to beat deflation."
Abe also said the government would do its utmost to quickly enact an extra budget for the current fiscal year and a budget for the next fiscal year to shore up the economy.
(Reporting by Tetsushi Kajimoto; Writing by Kaori Kaneko; Editing by Chris Gallagher)
- Tweet this
- Share this
- Digg this
- Missouri grand jury makes decision in fatal shooting of black teen
- Hagel, under pressure, resigns as U.S. defense secretary |
- Congress signals it could back Modi's insurance reform plan
- Jindal Steel shelves $10 bln project after coal setback
- EU lawmakers say not forging ideological war against Google
The reformist government that many Indians and free-market flag-bearers had hoped would emerge after this year's election isn't in New Delhi - at least not yet. Rajasthan, derided as a poverty-stricken laggard, has taken the lead on structural reforms that, their backers argue, could also help Asia's No.3 economy as a whole to attract business and employ a fast-growing workforce. Full Article
Hyundai Motor, Kia Motors lift 2014 global sales target on China, emerging markets Full Article