Japan PM Ishiba Ordered Ministers to Compile Comprehensive Econ Package
By Megumi Fujikawa
TOKYO--Japan's new prime minister has instructed his cabinet ministers to come up with a comprehensive economic package, saying the nation needs to focus at least three years on combating deflation.
Shigeru Ishiba said Friday that the stimulus package will address easing the burden of rising prices, boosting growth and strengthening relief and preparedness for natural disasters.
"We need to make three years of intensive efforts to ensure that we overcome deflation without the risk of reversing the virtuous cycle," Ishiba said in his order to the ministers.
The prime minister also gave instructions for an additional spending plan for disaster-affected areas by mid-October.
Write to Megumi Fujikawa at megumi.fujikawa@wsj.com
(END) Dow Jones Newswires
October 03, 2024 22:49 ET (02:49 GMT)
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