Japan: Abe says country has left behind its ‘Deflationary Mindset’ – Goldman Sachs

FXStreet (Delhi) – Samuel Wong, Fixed Income Strategist at Goldman Sachs, notes that the Japanese PM Abe said that his nation has successfully shrugged off the “deflation mindset” even as the BOJ’s main inflation gauge dropped into negative territory last month, marking the first minus figure since April 2013.

Key Quotes

“In his remarks, The government will focus on putting the economy on the path to robust growth via a new policy program called Abenomics 2.0., Abe said. “I am determined, in cooperation with the Bank of Japan, to do whatever it takes to put the economy on a robust growth track,” Abe said.”

“Under Abenomics 2.0, the government will aim to boost the economy to 600 trillion yen, up about 20 percent from where it is now, and to put more money aside to support early education and bolster the social welfare system.”

Samuel Wong, Fixed Income Strategist at Goldman Sachs, notes that the Japanese PM Abe said that his nation has successfully shrugged off the “deflation mindset” even as the BOJ’s main inflation gauge dropped into negative territory last month, marking the first minus figure since April 2013.

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