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Japan's Economy Minister Urges Action Against Deflation

1/10/2025

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Japan's Economy Minister Akazawa reaffirmed the government's dedication to working alongside the Bank of Japan to shape effective economic policies. He stressed the urgency of steering clear of deflation, focusing instead on fostering growth through increased wages and investment. Akazawa acknowledged that shifting public attitudes towards deflation is crucial for the nation's economic future.

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Story summary

Japan's Economy Minister Akazawa reaffirmed the government's dedication to working alongside the Bank of Japan to shape effective economic policies. He stressed the urgency of steering clear of deflation, focusing instead on fostering growth through increased wages and investment. Akazawa acknowledged that shifting public attitudes towards deflation is crucial for the nation's economic future.