Suga Hints at Additional Stimulus Measures

Politics

Tokyo, May 13 (Jiji Press)--Japan's Chief Cabinet Secretary Yoshihide Suga suggested Monday that the government may consider additional economic stimulus measures, depending on the course of the country's economy.

While stressing that the government would initially take necessary measures under its fiscal 2019 budget, the top government spokesman told a press conference, "It is natural for us to make various decisions while watching the situation."

He made the comments after the Cabinet Office said in a report released earlier in the day that a key index of the country's economic indicators is "worsening," the first such assessment in over six years.

"Japan's economic fundamentals that support the employment situation and income are solid" at present, Suga said.

Suga stressed that the government plans to raise the country's consumption tax rate to 10 pct in October from the current 8 pct unless an event as serious as the financial crisis triggered by the 2008 collapse of U.S. investment bank Lehman Brothers happens and that it will steer the economy so that the tax hike will be implemented as scheduled.

[Copyright The Jiji Press, Ltd.]

Jiji Press