Aso vows 'drastic' action on deflation

Mar 1, 2013

Aso vows 'drastic' action on deflation

Prime Minister Shinzo Abe’s administration will take “drastic” measures to revitalize the economy, Finance Minister Taro Aso pledged Thursday, suggesting that previous policies had been insufficient to beat back more than a decade of deflation. “Deflation is a deep-rooted problem that has undermined the ...

Feb 20, 2013

No BOJ funds to buy foreign bonds: Aso

Finance Minister Taro Aso said Tuesday the government has no intention of buying foreign bonds through a fund with the Bank of Japan, comments that caused the yen to strengthen. “We don’t intend to buy foreign bonds,” Aso told reporters in Tokyo, when asked ...

Feb 18, 2013

'Abenomics' turn Aso into celebrity

On the sidelines of the Group of 20 financial leaders’ meeting, Finance Minister Taro Aso found himself sought out by many of his counterparts, who expressed a keen interest in Japan’s economic and monetary policies, a government source said. Attending his first G-20 gathering ...

Feb 8, 2013

Yen's decline too fast, Aso says ahead of G-20 meet

The pace of the yen’s weakening has been too swift, Finance Minister Taro Aso said, speaking a week before a meeting of global finance chiefs at which Japan’s currency policy is expected to come under the microscope. Aso’s comments to reporters in Tokyo on ...

Aso bids for accord on budget

Feb 4, 2013

Aso bids for accord on budget

by Jun Hongo

Finance Minister Taro Aso on Monday asked the opposition for prompt cooperation in passing the bill on the supplementary budget to “solidify the recovery of Japan’s economy.” Touching on the economy during his financial policy speech to the Diet, Aso repeated that Japan is ...

Jan 28, 2013

Aso counters criticism of weak yen

Finance Minister Taro Aso countered Monday the rising voices of criticism from the international community over the weakening yen. “Petty complaints about the depreciation of the yen by ¥10 or ¥15 at the most is wrong and illogical,” Aso, also deputy prime minister, said ...

The blunt, blue-blooded Aso is back

| Jan 22, 2013

The blunt, blue-blooded Aso is back

by Jun Hongo

Prime Minister Shinzo Abe may be the face of the new government led by Liberal Democratic Party, but Finance Minister Taro Aso is also a force in the LDP to be reckoned with. In fact, only a few politicians today can claim to have ...

Jan 19, 2013

Ministers hint BOJ warming to 2% inflation target

Members of Prime Minister Shinzo Abe’s Cabinet hinted Friday that the Bank of Japan is moving closer to setting a 2 percent inflation target in a joint statement on policy coordination aimed at conquering deflation. “Things are going in a good direction,” economic and ...