Prime Minister Sanae Takaichi said on Thursday that her economic policy is different from reflation, after a weaker yen and higher bond yields fed market concern about fiscal policy.
Prime Minister Sanae Takaichi on Thursday rejected the idea that her economic policy is reflationary, Kyodo News reported. She was responding to market readings that she favours that approach after concern about Japan's fiscal position contributed to a weaker yen and higher bond yields.
Takaichi said her government's economic policy is different from reflation, which Kyodo described as a traditional mix of monetary easing and fiscal stimulus aimed at ending deflation. The digest did not quote a new spending figure or a tax change.
The remarks are a clarification, not a budget. Kyodo did not report a Bank of Japan reaction in the same item.
Market moves in the yen and bonds are the context Kyodo gave. The article did not publish that day's closing yields.
No new fiscal package was announced in the report.
People Sentiments Mixed
- Takaichi said her economic policy is different from reflation.