Japan Kishida: Must promote wage, investment growth for full exit deflation-prone economyPrime Minister Kishida press conference.
He is announcing he won't be running to stay on as PM.
- To
make full exit from deflation-prone economy, we must promote wage,
investment growth and achieve target to expand size of Japan's GDP to
600 trln yen - Important to show new face of LDP in leadership race
- First step to do so is for me to step down
- Won't run for re-election as LDP leader
- Will fully support new leader
- Made this decision considering what's best for public
- Have no hesitation in taking responsibility as head of LDP for
issues caused by members
This article was written by Eamonn Sheridan at www.forexlive.com.
Source: Japan Kishida: Must promote wage, investment growth for full exit deflation-prone economy (https://www.forexlive.com/news/japan-kishida-must-promote-wage-investment-growth-for-full-exit-deflation-prone-economy-20240814/)
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