Stock Groups

Japan will take necessary steps to support economy, new minister Yamagiwa says By Reuters


© Reuters. FILEPHOTO: Japan’s newly appointed Minister for Economic Rejuvenation, Daishiro Yamagiwa, arrives in Tokyo on October 4, 2021. REUTERS/Issei Kato

TOKYO (Reuters), – Japan’s government is taking all measures necessary to assist the economy that has been severely affected by the coronavirus epidemic, Daishiro Yamagiwa, the new minister of economy, said Tuesday.

Yamagiwa is among 13 new faces in Fumio Kirisha’s cabinet. He told journalists at his first press conference that he was determined to pursue bold economic and fiscal policies.

“We will manage our economic and financial policy with flexibility without hesitation,” he stated, calling for talks about the country’s growth strategy and how to reduce income inequality.

Kishida has pledged to compile a stimulus package worth tens of trillions of yen, which would be a move which may help firm up growth in the world’s third-largest economy.

Hirokazu, the chief cabinet secretary of the Japanese government, also spoke on Tuesday. He stated that rising oil prices would harm corporate profits as well as increase household burdens.

The Japanese stock price plunge to one month low was not discussed by him, as markets follow daily market factors.

Disclaimer Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs include stocks, futures, indexes and Forex. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media does not accept any liability for trade losses you may incur due to the use of these data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information. This includes data including charts and buy/sell signal signals. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.