Japan's economy must shift away from 'crisis-mode' to demand-driven growth, government panel says
Fox News
A Japanese government panel recommended implementing fiscal policies that respond to rising prices and strengthening growth instead of continuing a "crisis-mode" approach.
"Japan's economic and fiscal policies must shift away from the crisis-mode approach that worked when prices barely moved, to one that responds to rising prices and strengthening growth," the panel said in the report, which was submitted to the council's meeting on Tuesday.
"We need to achieve a domestic demand-driven growth and a sustainable fiscal structure," the report said, urging Japan to wean itself off decades of heavy fiscal and monetary support that had underpinned the fragile economy.
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