Financial Times (April 18, 2013)
2013/ 04/ 20 by jd in Global News
“The revival of Japan will be beneficial to the rest of the world, since it is also a process of evolution into a mature economy that can build win-win relationships with its economic partners,” writes Finance Minister Taro Aso. He continues, “the Bank of Japan has fired a monetary bazooka at deflation,” aiming to achieve 2% inflation. A “second bazooka” will seek to create private demand with flexible fiscal policy and the aim of boosting real GDP by 2%. Already, there is a dramatic improvement of economic and market sentiment. This “momentum must now be turned into a recovery.”
Tags: BOJ, Deflation, Economy, Finance Minister, Inflation, Japan, Market sentiment, Recovery, Taro Aso
