The Limited Times

Now you can see non-English news...

If necessary for US-Japan trade negotiations, consider domestic measures = Nishimura Economic Revitalization Minister

2019-09-12T09:01:40.901Z


[Reuters, Tokyo 12th]-Minister of Economic Revitalization Nishimura said at the inaugural meeting on the 12th that he would consider economic measures for relevant domestic parties depending on the results of trade negotiations between the United States and Japan. Extraordinary special economy after consumption tax increase scheduled for October


[Reuters, Tokyo 12th]-Minister of Economic Revitalization Nishimura said at the inaugural meeting on the 12th that he would consider economic measures for relevant domestic parties depending on the results of trade negotiations between the United States and Japan. He showed a positive attitude toward taking extraordinary special economic measures after the consumption tax hike scheduled for October, and expressed his expectation for the Bank of Japan's monetary policy management.

Regarding the Japan-US trade negotiations that Toshimitsu Mogi, former Minister of Foreign Affairs, was appointed as Foreign Minister, explained, “Mr. Mogi will be in charge of negotiations with the United States, and he will be responsible for related domestic adjustments.

There is a possibility of verifying and reviewing the “related policy outline” for affected domestic business operators in the Trans-Pacific Partnership Agreement (TPP11) and the Japan-European Union (EU) EPA (Economic Partnership Agreement). Yes, depending on the results of the negotiations between Japan and the United States, they will take countermeasures. Regarding the negotiations between Japan and the US, he said, “As with TPP, it could have an impact on agriculture, forestry and fisheries.”

In taking office, Mr. Shinzo Abe explained that he was instructed to steadily implement a growth strategy and to move forward with flexible economic policies in order to completely escape deflation. He stressed that "we will do everything possible in economic and financial management", such as by implementing "special special measures" if necessary, such as when risks from overseas have become obvious so that the consumption tax does not adversely affect the economic recovery.

Regarding the Bank of Japan's monetary policy, “We are working towards the early realization of the price target of 2%. The Bank of Japan is responsible for the specific policy, but President Tohiko Kuroda has said that he can take various measures recently. I trust and expect the BOJ's efforts and responses. "

Reasons why the government and the Bank of Japan have not yet achieved the 2% price target set when the Abe administration was born are the effects of crude oil prices, the deflationary mindset rooted in people, and the low level of goods and services due to IT (information technology) progress. The price was cited as a factor.

(Editor: Nobumi Takemoto, Shinichi Uchida)

Source: asahi

All news articles on 2019-09-12

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.