Japan finance minister Aso:
- No change to view that economy is recovering moderately
- No plan to submit extra stimulus budget in Autumn Diet
- Declines to comment on FX level
- Cannot cut the corporate tax without permanent replacement revenue
- Europe is escaping from financial crisis
- Europe won’t achieve growth without price stability
“Europe won’t achieve growth without price stability” … K … you listening to this, Europe?
He has moar …:
- Wages aren’t something the government decides
- best if wages are set by labor and management talks
Headlines on Bloomberg
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Also, from Japan chief cabinet secretary Suga:
- Will make all efforts to strengthen growth