Japanese Prime Minister Shinzo Abe has ordered Economic Revitalization Minister Nobuteru Ishihara to draft a range of economic measures to end deflation and raise Japan’s growth potential. The program will include a supplementary fiscal 2016 budget.
The government will submit the fiscal 2016 budget draft to a special session of parliament this fall, Mr. Ishihara told a news conference on July 12.
The Japan Times reported that he had “declined to comment on the size of the economic measures, saying that will be decided at the end of the month using a ‘bottom-up approach.”’
Last December, The Boston Global Forum named Mr. Abe a “Global Leader in Cybersecurity.”
For The Japan Times’s article on this, please hit this link.