Japan’s problem is the lack of demand, however, increasing the money supply won’t adress the issue, Japan’s finance minister Taro Aso said on Friday.
Key quotes
- Right now the problem in the economy is lack of demand
- But increasing the money supply does not equal more demand
- Easing monetary policy would help the economy
- Will try to limit the impact on the economy of the sales tax hike
- Domestic fundamentals of economy are solid
Share
