Japan’s Aso: Cannot expect inflation to accelerate without strong consumer demand

Japan’s Finance Minister Taro Aso is making some comments on the country’s inflation outlook while appreciating the Bank of Japan’s (BOJ) measures to ramp up price pressures.

Key quotes

Doubts pent up demand will surge after the state of emergency is lifted

Appreciate the Bank of Japan efforts to push inflation higher

Aware of opinions that monetary policy alone limited in accelerating inflation.

Joint efforts are needed between monetary and fiscal policies to boost inflation.