Yamamoto says a weak yen is good for the economy and boosts competitiveness

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A weak yen is good for the economy as it boosts competitiveness“Kozo Yamamoto, a senior member of the ruling party of new Prime Minister Fumio Kishida, said on Thursday.

Additional commentators

“The government must compile a stimulus package worth at least 32 to 33 trillion yen and funded primarily by long-term JGBs. “

“Eventually it must raise capital gains tax and discuss the details to take at least until fiscal year 2023. “

“The BoJ should aggressively buy JGBs to help finance large tax expenditures. “

“We must move quickly towards the issuance of digital currency of the central bank to protect sovereignty over the yen. “

“The issuance of the CBD requires a revision of the BoJ law, it is an opportunity to add job growth to the BoJ mandate.”

Weak yen is beneficial to the economy and boosts Japan’s global competitiveness“.

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