Japan must boost domestic demand

04 Oct, 2009

The Japanese economy should focus on domestic demand rather than exports in order to grow, Japan's new finance minister, Hirohisa Fujii, said on Saturday after talks with his G7 partners in Istanbul. "The economy is going to be driven by domestic demand," he said at a press conference, adding that Japan's new government "would manage monetary policy in line with greater domestic demand rather than foreign demand."

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