Japan's finance minister Taro Aso (Taro Aso) Sunday stressed that need more monetary and fiscal stimulus measures to revitalize the economy, but he said the government will not adhere to the policy of the central bank to issue a written with new the inflation target.
The new prime minister, Shinzo Abe, (Shinzo Abe) has called for the bank of Japan and the government share 2% of the inflation target, the bank at present price target two times, to display their determination to win over deflation. Under pressure, the bank of Japan will discuss set a higher inflation target, January 21 and 22 in its rate review.
Taro aso said, the ministers will be able to regularly discuss monetary policy of the central bank and BaiChuan FangMing (Masaaki Shirakawa) in the council on economic and fiscal policy, the former government team this week will kick off, and meet at least once a month's long-term fiscal and economic policy.
"As long as there is the lecture (monetary policy) in the security council meeting, there is no necessary, a policy accord with (BOJ)," taro aso told public broadcasting company NHK.
His speech showed that the government would not requirements issued a joint statement, the bank of Japan measures over deflation, as long as the central bank's inflation target itself puts forward higher.
"The most important thing is the government and central bank Shared target price, display market we have the determination to attain it," economy minister GanLiMing also told NHK.
Armagh red also said that although the government's short-term priority is to stimulate the economy will focus on the fiscal stimulus, which will debate a long-term fiscal discipline goal, to ensure market efforts to solve the worsening financial.
The bank of Japan set 1% inflation target in February last year and five times the loose monetary policy, and strive to win over deflation, has been plagued by many countries in the past 15 years by increasing asset purchase.
 



Other News:
Sal Khan Learns from Bill Gates
Obama Poised to Name New Chiefs
Japan finance minister says won't insist on policy accord with BOJ
Grand jury indicts NYC couple as bomb suspects
SC woman, oldest living US citizen, dies at 114
Depardieu, in tax fight, gets Russian citizenship
Chavez allies re-elect legislative chief
John Boehner re-elected as speaker of the House