HONG KONG, Aug 8 (ECONOMYSTERY) - Japanese Prime Minister Takayasu Asami said Thursday in a parliamentary session that given the current economic situation, Japan is no longer at a stage where it needs to implement a 'reflation' policy through monetary easing and fiscal expansion.
Takayasu also stated that her policies differ from 'reflation policy,' and Japan's current economy is not in a deflationary state.
She expressed full respect for the independence of the Bank of Japan and pledged to maintain market confidence through highly transparent and cautious communication with the markets. (yc)
Takayasu also stated that her policies differ from 'reflation policy,' and Japan's current economy is not in a deflationary state.
She expressed full respect for the independence of the Bank of Japan and pledged to maintain market confidence through highly transparent and cautious communication with the markets. (yc)
