Japan recovery “few years” away warns Finance Minister

Editorial Team
Editorial Team
Japan recovery "few years" away warns Finance Minister

Japan’s Finance Minister Taro Aso has warned that economic recovery is at least a “few years” away and it may take longer than the targeted two years to reverse the country’s deflation.

“Let’s say a few years,” he told the Wall Street Journal. “Two to three years. That’s what we are hoping for.”

The Bank of Japan’s goal is to reach two percent inflation within two years.

Aso said that might be overly ambitious.

“We think it may take longer than the BOJ expects. That sounds too quick,” he told the newspaper.

Image: © Getty

Copyright is owned by Asia Outlook and/or Outlook Publishing. All rights reserved.

Share This Article
The Editorial team at APAC Outlook Magazine is a team of professional in-house editors led by Jack Salter, Head of Editorial at Outlook Publishing.