Prime Minister of Japan advisor, Hamada: Bernanke urged Abe to continue a policy of planned economic development

Market news

12 July 2016

Prime Minister of Japan advisor, Hamada: Bernanke urged Abe to continue a policy of planned economic development

- at its meeting, Bernanke and Abe did not discuss any specific issues of monetary policy and did not talk about the upcoming meeting of the Bank of Japan.

- Abe said that Japan needs to increase budget spending.

- Bernanke noted that the the US economy is doing well.

- participants at the meeting stated that the Bank of Japan acts successfully in the implementation of monetary policy.

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