Minoru Kiuchi, minister for economic growth strategy, said on Friday Japan no
longer needs large-scale monetary easing and flexible fiscal spending. Kiuchi,
one of the cabinet’s more pro-reflation figures, said the era of
“Abenomics-style” reflation centered on aggressive monetary easing and flexible
fiscal policy has ended. He added Japan is no longer in an era of monetary
easing and has entered a phase of gradually rising prices and rising interest
rates.
