Published: 16:05, September 21, 2023 | Updated: 16:06, September 21, 2023
PM: Japan to pull together pillars of economic package next week
By Reuters

Japan's Prime Minister Fumio Kishida speaks at the Atlantic Council Global Citizen Awards, Sept 20, 2023, in New York. (PHOTO / AP)

Japan's Prime Minister Fumio Kishida said on Thursday he will instruct his government to pull together the pillars of an economic package early next week under his new cabinet.

Japan's Prime Minister Fumio Kishida that he hoped to disclose a bold economic package to accelerate those signs of change in Japan's economy so that it could enter a new phase

Speaking at a news conference following his attendance at the General Assembly of the United Nations, Kishida said the economic stimulus package would include measures that counter issues such as inflation and depopulation.

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"The economic situation of Japan is still not fully stable... domestic demand including consumption and investment is still unstable" although Japan's economy has been showing signs of moving towards inflation, Kishida said.

He added that he hoped to disclose a bold economic package to accelerate those signs of change in Japan's economy so that it could enter a new phase.

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The comments follow similar remarks by newly inaugurated Economy Minister Yoshitaka Shindo last week saying positive signs were emerging in output gaps and other areas for the economy to escape deflation.