Japanese Economy Minister Toshimitsu Motegi

  • Will do his utmost to help the government achieve its fiscal discipline target of returning to a primary surplus in fiscal 2020
  • Wanted to return to a primary surplus while simultaneously lowering the ratio of outstanding debt to gross domestic product
  • Placed equal priority on fiscal discipline and economic growth
  • He also said policymakers needed to look at several economic indicators to judge whether Japan is out of deflation and could not focus solely on the consumer price index

Headlines via Reuters

Motegi is a noob to the position. Abe brought him in last week as part of the reshuffle

On the "policymakers needed to look at several economic indicators to judge whether Japan is out of deflation and could not focus solely on the consumer price index"

How 'bout this ... Kuroda leaves next year (term expires April 2018), his replacement says new target is 1%, or whatever ...

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