17 May 2019
Japan's Aso: Increasing money supply does not equal more demand
Japan's problem is the lack of demand, however, increasing the money supply won't adress the issue, Japan's finance minister Taro Aso said on Friday.
Key quotes
- Right now the problem in the economy is lack of demand
- But increasing the money supply does not equal more demand
- Easing monetary policy would help the economy
- Will try to limit the impact on the economy of the sales tax hike
- Domestic fundamentals of economy are solid