Tuesday, November 13, 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

 
  LATEST COMMENTS (0)
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE WORLD NEWS
IAEA confirms Iran keeping with JCPOA li...
Trump slams Europe's unfair military rel...
Marvel co-creator Stan Lee passes away...
Rohingya crisis: Aung San Suu Kyi stripp...
Pakistan begins policy level talks with ...
Solari keeps hope alive as Real Madrid b...
More...
 
INDIA WORLD ASIA
Two-day 'Samman Samaroh' for disabled so...
Hyderabad: Congress workers stage protes...
Union Home Secretary meets Twitter offic...
BJP Rajasthan Minister denied ticket, re...
Hyderabad-bound IndiGo flight returns to...
J-K: Soldier martyred in ceasefire viola...
More...    
 
 Top Stories
Trump urges Saudi Arabia, OPEC not ... 
Travis Scott was nervous in deliver... 
Stan Lee, Marvel's main man has die... 
'Baazigar' defines my career, says ... 
Trump slams Europe's unfair militar... 
Marvel co-creator Stan Lee passes a... 
Michelle, Obama opens up about seek... 
Rohingya crisis: Aung San Suu Kyi s...