Japan Minister: Era of Abenomics reflation policy has ended
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Japan's Minister in charge of Growth Strategy, Minoru Kiuchi, stated on Friday that the country no longer needs the large-scale monetary easing and flexible fiscal spending that defined the 'Abenomics' reflation policy. Kiuchi, who has been one of the more active proponents of reflation policies within the cabinet, declared that the era of such policies has ended. He noted that Japan has moved beyond the 'monetary easing era' and has entered a new phase characterized by gradually rising prices and increasing interest rates. This statement marks a significant shift in the official narrative regarding Japan's long-standing economic strategy.
Source report
September 25 (Jin10 Data) — Japan's Minister in Charge of Growth Strategy, Minoru Kiuchi, has stated that the country no longer needs to rely on reflation policies centered on massive monetary easing and flexible fiscal spending.
Kiuchi, one of the more proactive advocates of reflation policies within the Japanese cabinet, made the remarks on Friday.
"The era of 'Abenomics-style' reflation policies, centered on aggressive monetary easing and flexible fiscal policy, has come to an end," Kiuchi said.
He further noted that Japan is no longer in a "monetary easing era," but has instead entered a new phase characterized by gradually rising prices and increasing interest rates.
Source
金十数据Neutral / independent
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Japan ministers declare end of Abenomics-era reflation policy and ultra-loose monetary easing