Japan’s Finance Minister Taro Aso: fiscal policy and growth strategies are needed in addition to monetary easing to end deflation

Market news

19 May 2015

Japan’s Finance Minister Taro Aso: fiscal policy and growth strategies are needed in addition to monetary easing to end deflation

Japan's Finance Minister Taro Aso said on Tuesday that monetary easing is not enough to end deflation.

"The deflationary mindset that has beset Japan for such a long time won't change suddenly. But we've seen some changes in the past two years, which is significant," he noted.

Aso added that fiscal policy and growth strategies are needed in addition to monetary easing to end deflation.

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