Japan lacks effective fiscal and monetary policy tools to protect its economy from the impact of the U.S.-led military strikes in Afghanistan, economists say.
The government has been hinting it could scrap its 30 trillion yen cap on fiscal 2001 bond issues to rev up the economy, but additional deficit spending on the order of several trillion yen won’t make much of a difference anyway, they say.
Unable to view this article?
This could be due to a conflict with your ad-blocking or security software.
Please add japantimes.co.jp and piano.io to your list of allowed sites.
If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.
We humbly apologize for the inconvenience.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.