Tuesday, 29 January 2013

Economy News Headlines - Yahoo! News: Japan PM: BOJ steps aimed at beating deflation, boosting economy

Economy News Headlines - Yahoo! News
Get the latest economy news headlines from Yahoo! News. Find breaking economy news, including analysis and opinion on top economy stories, photos and more.
Japan PM: BOJ steps aimed at beating deflation, boosting economy
Jan 30th 2013, 04:52

Japan's Prime Minister Abe makes a policy speech during the start of ordinary session at the lower house of parliament in TokyoTOKYO (Reuters) - Japan's monetary and fiscal stimulus measures are aimed at beating deflation and boosting economic growth, Prime Minister Shinzo Abe said on Wednesday, shrugging off criticism from some overseas policymakers that Tokyo was trying to intentionally weaken the yen. "I strongly hope that the Bank of Japan pursues bold monetary easing to achieve (2 percent inflation) as soon as possible," Abe said in parliament, keeping up pressure on the bank to expand monetary stimulus to beat deflation. (Reporting by Leika Kihara; Editing by Shinichi Saoshiro)


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