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EU: Japan to Address Anti-Deflation Plan Spillover at G20

Japan should explain how it will guard against external effects from its deflation-fighting efforts, the European Union said in a planning document for a July 19-20 meeting of Group of 20 finance ministers in Moscow.

“We expect that Japan will put in place a credible medium-term fiscal consolidation plan that addresses its possible spillover effects on the domestic and foreign financial systems from its policy program to end deflation,” according to the July 3 EU document obtained by Bloomberg News.