Thursday, September 20, 2018
News

Japan PM Abe says BOJ's easy policy shouldn't continue forever

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

By Leika KiharaTOKYO | Friday, Sep 14 2018 IST
Japanese Prime Minister Shinzo Abe said on Friday the central bank's ultra-easy policy should not continue forever, signaling his hope of laying the path toward an exit from a radical stimulus programme in coming years.

Abe said the Bank of Japan's massive stimulus programme, which was part of his signature "Abenomics" policies to reflate the economy, was needed to pull Japan out of chronic deflation.

"I don't think we should do (the ultra-loose policy) forever," Abe said in a news conference, when asked whether the BOJ needs an exit strategy for its massive stimulus programme.

"But when to modify the easy policy is up to (BOJ Governor Haruhiko) Kuroda. I've left that decision to him," Abe said.

Abe made the remarks ahead of a ruling party leadership race next week which he looks set to win and would put him on track to become Japan's longest-serving premier.

"Wages are finally picking up ... We're starting to see consumption and capital expenditure boost growth," Abe said.

"I'd like to achieve this during my next term," he said, when asked whether he will lay the path toward an exit from the BOJ's ultra-easy policy if he is re-elected. REUTERS RHK 2140

-- (Reuters) -- C-1-1-DL0509-1515735.Xml

Loading...
 
  LATEST COMMENTS (0)
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
TRENDING TOPICS
 
 
 
CITY NEWS
MORE CITIES
 
MORE WORLD NEWS
French court dismisses appeal over tople...
Pakistan PM Imran Khan reaches UAE...
N Korea's denuclearisation to be complet...
Iran remains leading state sponsor of te...
Austrian EU presidency proposes special ...
1 killed, 4 injured in Pennsylvania shoo...
More...
 
INDIA WORLD ASIA
WTO possible without the US; trade spat ...
Mehbooba asks NIA to put facts about it...
Gujarat Assembly hikes MLAs' salaries by...
ED attaches assets worth Rs 37 cr in lan...
Haryana govt transfers 41 HPS officers...
My remark was blown out of proportion: B...
More...    
 
 Top Stories
Jessica Lange returns to 'American ... 
Caffeinated energy drinks a big no-... 
Mahesh Bhatt to direct daughter Ali... 
Hike in petrol price, diesel stagna... 
Shambhulal Regar, who lynched man o... 
India offers NKN programme to Afgha... 
Raipur devotees go eco-friendly, ma... 
MoU signed for establishing Mahatma...