Economics
Japan’s Ruling Party Leadership Contenders Vow to Defeat Deflation
- Takaichi says she’ll prioritise 2% target over fixing finances
- Kishida and Takaichi both promise more fiscal stimulus
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Two lawmakers battling to become Japan’s next prime minister both pledged to launch stimulus packages over the short term and to defeat deflation over the longer term, as they laid out their platforms Wednesday.
Former Foreign Minister Fumio Kishida said he would inject tens of trillions of yen (hundreds of billions of dollars) to help a Covid-battered economy, as he set out his policies in the race for leadership of the ruling Liberal Democratic Party.