Japan's government vowed on Friday to do whatever is needed to overcome deflation, signalling a renewed drive for structural reforms and deregulation to boost the economy rather than relying primarily on aggressive monetary easing by the central bank.
Economics Minister Motohisa Furukawa, speaking after the inaugural meeting of a ministerial panel tasked with devising long-term solutions to deflation, told reporters the government will do whatever it takes to pull Japan out of deflation as soon as possible.
(Reuters)
↧