Japan's central bank, government not likely to abandon fiscal discipline

01/10/2013 | Yomiuri Shimbun (Japan) · Wall Street Journal, The

Strong signals from Japan's new government that it will be working hard to reverse deflationary momentum are likely to be tempered by a message from the central bank and government that fiscal discipline remains important for the medium and long term, sources say. The Bank of Japan is expected to decide this month on a joint statement with the government regarding a higher inflation target. Separately, the government is reported working on legislation to raise taxes on higher incomes.

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Yomiuri Shimbun (Japan) · Wall Street Journal, The

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