“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.
“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“.