Prime Minister Fumio Kishida is set to sketch out promised economic measures early next week, a move that comes as polls show voters are dissatisfied with the steps he’s taken so far to alleviate the pain of rising prices partly fueled by weakness in the yen.
Speaking to reporters in New York, where he gave a speech at the United Nations, Kishida warned that Japan’s economic situation remains unstable, while the economic outlook for other major countries is also unpredictable.
"We are at a crucial point that will decide whether Japan’s economy can move on to a new stage” after decades of deflation and cost-cutting, he said. He will outline the bold measures needed in the first half of next week, he added.